[Mohamed Thaver] , [Jayprakash S Naidu] | Mumbai | June 3, 2022 3:02:43 am When a 22-year-old Zepto employee Sohail Shaikh recently needed some money, a “Magicloan” ad on YouTube for instant micro loans came to his mind. On April 24, he ended up taking a loan of Rs 6,000 from two apps, “Magicloan” and “cashmarket”. “I was supposed to pay them back on April 30. I would get my salary on May 1, so I thought I would return it a day later. Their (loan apps) people however started calling me on April 29. I told them about the...