The red arrow loans legit is not conclusively established. As they are not regulated by the RBI (Reserve Bank of India), it’s challenging to determine their legitimacy definitively. Most of their operations function through Direct Selling Agents (DSAs) under NBFCs (Non-Banking Financial Companies), which is considered safe and legitimate, though not as secure as an RBI-regulated entity.
In the current landscape, identifying a legitimate lender can be challenging due to numerous scams and frauds. It is crucial to conduct thorough research before selecting a company for obtaining a loan.
Author
Posts
Viewing 1 post (of 1 total)
You must be logged in to reply to this topic. Login here