Online loans-Srillanka

now some companies in srilanka start to provide loans by posting fake advertisments in social media. they traget the people who suffer for money for emergency and the people who need money for shoping and parties. so the people spend the money suffer to repay. they get an interest nearly 45% to 55% per month includibg service charges. no excuses for any customer to repay the loans. if you take a loan of 65000/- in a company within 30 days you should pay 92200/-. if you fail to pay on time daily 2000/- of a panality will added to the total pay. some companies give loans weekly basis. if you take a loan if 28000/- you should pay 35000/- within 14 days. these companies giving loans only with less documents life national id card and 2 or3 phone contacts from the customers contact list. some companies hack the phones of customers and get the whole contact list.if the customer did not pay or delay to pay the take calls to many from the hacked contact list. Government of srilanka and the central bank also not taking any steps against these companies. to pay to loans in time many people get loans from others or they face the legal actions of these companies. it create some stress among peoole and leads to take wrong decisions. the salary and others incomesof people are paid to them and suffer to run the familes