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@article{188054,
        author = {Ms. Dhanya K D},
        title = {Financial Impact of Instant Loan Apps among Youth in Kerala},
        journal = {International Journal of Innovative Research in Technology},
        year = {2025},
        volume = {12},
        number = {6},
        pages = {7500-7502},
        issn = {2349-6002},
        url = {https://ijirt.org/article?manuscript=188054},
        abstract = {The rapid growth of digital financial technologies has transformed borrowing behavior, particularly among young populations. This study investigates the financial impact of instant loan applications on youth in Kerala, focusing on factors effecting usage, frequency of usage and their association with financial stress. A structured questionnaire was administered to 200 respondents, selected by using convenience sampling. Pearson’s correlation, revealed a significant positive relationship between frequency of instant loan app use and financial stress (r = 0.7618). The findings suggest that frequent reliance on instant loan apps is strongly associated with heightened financial strain, indicating potential risks of debt dependency and reduced financial well being among youth. The study highlights the need for greater financial literacy, regulatory oversight, and awareness campaigns to mitigate adverse outcomes of digital borrowing},
        keywords = {Instant loan app},
        month = {December},
        }