Google cracks down on personal loan apps in India with stricter guidelines

Earlier this year, Google removed loan apps on PlayStore that did not comply with local laws and regulations. Now, the tech giant has introduced stricter criteria for these developers.

Google is cracking down on personal loan apps by introducing stricter guidelines in India and Indonesia. Developers will be required to comply with the new guidelines by September 15, 2021, and will have to meet the new eligibility criteria to remain on the Play Store. Earlier this year, Google removed loan apps on PlayStore that did not comply with local laws and regulations. Now, the tech giant has introduced stricter criteria for these developers that require apps to complete a Personal Loan App Declaration for India.