https://wccftech.com/google-updates-play-store-policies-for-personal-loan-apps/

The Google Play Store, of late, has seen the rise of a lot of apps that try to convince users to take out loans. No, I’m not talking about apps that try to peddle Crypto; those are long gone. The apps in question use just about every trick in the book to convince users to take out loans at exorbitant interest rates. The terms and conditions are often sketchy, and people end up paying a lot more than what they signed up for. Today, Google has published new rules in the Google Play developer policies aimed at preventing predatory loan apps from engaging in manipulative behaviour.

We define personal loans as lending money from one individual, organization, or entity to an individual consumer on a nonrecurring basis, not for the purpose of financing purchase of a fixed asset or education. Personal loan consumers require information about the quality, features, fees, risks, and benefits of loan products in order to make informed decisions about whether to undertake the loan.