Loan app fraud in Kerala: Housewives among top targets

Loan app scams in Kerala have defrauded victims of ₹70 crore over three years, with housewives among the most affected. Many victims face harassment, threats and blackmail over repayments. Police warn that illegal apps offering quick cash often impose extremely high interest rates and misuse personal data, urging people to borrow only from authorised, RBI-approved financial institutions.