New Delhi, July 14 -- Digital lending applications have transformed the way people access credit in the country. With just a few taps on a mobile device, any one can apply for and receive personal loans in seamless fashion without visiting a banking institution.

Still, this comfort and convenience comes with its own set of risks. Several lesser known, unregulated platforms are now active in the lending market. Due to the same, many borrowers fall prey to hidden charges, data misuse and harassment related to recoveries. Here are five red flags to watch out for before you borrow via any digital lending app:

The most important aspect of them all is for you to check whether the lending application you are aiming to secure a personal loan fr...