Fraudulent Loan Apps

Do not get into Fraudulent Loan Apps Website to get a Loan soon

The financial condition of millions of people has become critical due to the Corona Epidemic. Due to this, the number of borrowers/Debtors has increased rapidly. Taking advantage of this, Fake Loan Apps comes into existence and is committing fraud. People are sharing their Aadhaar Card Number, PAN Number, Bank Account including personnel sensitive information on these types of Fake Loan Apps to get a quick loan. Later, these apps are creating fraud through this information. According to a report, more than 50,000 people have already lost their hard-earned money amounting to Rupees Fifteen Crores. The actual figure may be much more as the numbers of peoples complaining against such fraudulent activities are very less. Once get victims of such fraudulent activities, any individual will gain huge financial loss. Here are some Safety Measures to be taken by any individual before applying for Quick Loan through Loan App/Website

Not serious about the civil score

Fake loan documents
List of fake loan companies
Fake loan companies in India
Rbi registered loan app list

If any individual installs a Loan App on a smartphone to take a loan and they are not serious about Debt Repayment Habit or CIBIL Score, then this is a sign of danger. Any genuine app first checks the Habit of Debt and Bill Payment. So, beware of such a loan app/website who is not serious about the Civil Score of any Individual.

No fee information If a lender is not disclosing the details of the application or assessment or credit report fee, in such a situation, immediately revoke the decision to take a loan from Loan App/Website Website not secure

If on logon to website of the loan lending app, does not look safe or seems to be a copy of the website of the big reputed company, then it is a clear cut indication of the fact that this has been done in the guise of loan to create fraud