There are instant loan apps that are involved in illegal lending and unfair recovery practices prevalent around us. Since these apps are not registered with the regulator (RBI) for any sort of lending, we urge our customers to refrain from any association with such unauthorized platforms. These apps are unlawful and take the wrong steps when comes to the collection using the data on the mobile phones of customers.

RBI has warned individuals and small businesses against falling prey to an increasing number of unauthorized digital lending platforms.

In the current scenario, we would like to state that SelFin India Financial Services Private Limited, a registered NBFC under RBI has no customer app and all lending and collections are done in legal and ethical ways as prescribed by RBI.

We only lend to customers as per internal policies and thus request customers to be aware of the same and the loan amount depends on our proprietary algorithms depending on customers' ability to pay. Our internal policies and practices ensure ethical lending and recovery.

SelFin cautions against loans being offered by unauthorized digital platforms, and mobile applications promising a quick and hassle-free process. Please do not trust any messages, links, online forms, calls, and apps asking for any payments impersonating as SelFin India Financial Services Private Limited, to avoid any such mishap beware of hoax / fraudulent activities. These platforms always have hidden charges and adopt unacceptable high-handed recovery methods and misuse agreements to access data on the mobile phones of borrowers.

Consumers should never share copies of Know Your Customer (KYC) documents with unidentified persons, unverified or unauthorized apps and should report such incidents at care@selfinindia.com and 022-48914286 for queries and questions. All transactions must only be through genuine channels or through our company executives and authorized partners.

We abide by the regulations and guidelines of The Reserve Bank of India with no exceptions.

Responsible and ethical lending is a practice and Selfin India will continue to strive to always keep this service ethical and within regulatory parameters.

We look forward to being your trusted partner at all times of need.