Loan Apps have caused tremendous suffering and agony to the?
There are several other things where people are duped. But originally they are meant for filling up a gap. Financial institutions by virtue of their size cannot reach whole population. So indigenous money lenders play a role.. so it is a necessary to bear with the evil until formal institutions reach the whole population. But the knowledge gap of which is better shall be filled. In this respect the law is Caveat Emptor' ie., let the purchaser beware.