February 8, 2025

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An image for representation.AP photo

In a tragic turn of events, an Assamese family based in Karadivavi, Tiruppur, was driven to desperate measures following an online loan fraud, causing the death of two family members. The family, wrestled with a loss of Rs 39,000 in an online loan scam, sadly culminated in the mother and her young daughter taking their lives, whilst the father remains in hospital.

The victims of this tragedy were 27-year-old Viji and her six-year-old daughter Vinciline. Rajeev, Viji’s husband, is currently under medical observation.

Rajeev intended to secure a loan via an online application. Right after installing the app and applying for a Rs 2 lakh loan, Rajeev was instructed to pay a certain amount before receiving the loan. He ended up borrowing Rs 39,000 from friends to meet this requirement. He was then asked to pay an additional Rs 1,000, which he managed to arrange.

The communication with the loan company abruptly halted post the payment. Shocked and burdened by the experience, the family committed a joint suicide attempt on May 30. They were admitted to Palladam Government Hospital by neighbors.

Unfortunately, Vinciline passed away on May 31 shell undergoing treatment. A day later, Viji also succumbed to her injuries. The police, following standard procedures, have opened a case and the investigation is currently ongoing.

The family resided in a mill-provided housing, with the now hospitalized Rajeev having been employed at the mill. The couple, Viji and Rajeev, shared a history of a love marriage.

(For those dealing with suicidal ideations, it’s crucial to reach out and ask for help. Contact the health department helpline 104 for counselling)

Frequently Asked Questions

What is an online loan scam?

An online loan scam is a fraudulent scheme where individuals or companies offer fake loans intending to steal money or personal information from the victims. The scammers generally ask the victims to make upfront payments or provide sensitive information before supposedly granting a loan which never materializes.

What are the warning signs of an online loan scam?

Signs that an online loan might be a scam include demands for upfront fees, lack of physical address, poor website quality, absence of loan details in writing, promises of guaranteed approval, and pushy requests for sensitive information like social security numbers or bank account details.

How to protect oneself from online loan scams?

To avoid falling prey to such scams, it is important to check the lender’s credentials, ask for clear terms and conditions, avoid upfront payments, research the company thoroughly for reviews or complaints, and refrain from sharing sensitive information without proper verification of the lender’s authenticity.