Barwaqt app that claims to loan PKR 25000 instantly under fire for charging an unfair interest rate

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Barwaqt app that claims to loan PKR 25000 instantly has been under fire for charging an unfair interest rate.

Barwaqt is an online loan APP that claims to provide fast, safe, and low-interest loans by providing your CNIC information.

Under one of its promotional tweets, people criticized the app for charging between 16% to 25% markup without taking consent.

Here is what people have to say:

 

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