<ul><li>Zerodha founder Nithin Kamath warns against using illegal loan apps, citing a rise in suicides due to harassment by loan agents.</li><li>Unregulated predatory loan apps charge exorbitant interest rates of 100-200%, gaining unauthorized access to user contacts and photos.</li><li>Kamath urges victims to report harassment to the National Cyber Crime Reporting Portal (NCCRP) and emphasizes laws protecting individuals.</li><li>Recent suicide of 22-year-old Tejas Nair after facing blackmail and threats from a Chinese loan app underscores the severity of the issue.</li></ul>

Zerodha's Nithin Kamath warns people of illegal predatory loan apps

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