Three people were arrested for allegedly duping loan seekers, a Thane police officer said on Thursday. A probe into this racket had begun after a man complained on December 5, Manpada police station senior inspector Shekhar Bagde said.

“The man got a call from a person posing as a bank official, who said the former’s R10 lakh bank loan had been cleared but he would need to pay R30,000 as processing fees. He later called saying the loan amount has been hiked to Rs 27 lakh,” he said.