Fake Loan Apps are growing rapidly – be careful.

How to identify Fake Loan Apps?

• False guarantee like “Instant approval” is given
• Too much processing fee and interest are charged
• Contact details or any official website is not available
• False information like “No documents needed” is given
• NBFC/Banks do not have license verification

Keep these things in mind:

• Take loan only from RBI-registered NBFCs/Banks
• Before installing the App, see NBFC list on RBI website and verify company details
• If you see any red flag, delete the app immediately

If stuck call 1930 or file a complaint at cybercrime.gov.in

If you doubt or report any app, go to www.cybercrime.gov.in and report in the Check & Report section

#I4c #MHA #LoanApps #FakeLoanApps