LOAN OFFER FRAUD:

• Loan offer fraud is scamming of people who are looking for loans, giving them false hope of providing huge amount of hazel free loans at lower interest rates.

HOW IT HAPPENS?

• Culprits will contact you by calling you or by sending you SMS/e-mail messages offering loan.

• They introduce themselves in the guise of Officers, Representatives, or Agents of reputed Banks or Financial institutions.

• They inform you that, you are eligible for special loan offer, and they will promise to provide hazel free, high amount loans, with very low interest rates.

• If you agree to avail the loan offer, they obtain soft copy of your documents such as ID & Adress proof, PAN Number, Bank Account Details, Account Statement, copy of Cancelled Cheque, your income details (Pay-slips, IT Returns) etc., (These documents/information may be misused by the culprits) from you through online i.e., e-mail or whatsapp.

• After this, Culprits will send you loan application form and asks you to fill-in the same and to send scanned soft copy to them and intimate you that loan amount will be approved within few days.

• After sending the application form, they will send you the soft copy of loan approval letter that is visible to be genuine document of such Bank/financial institution. They start asking you to deposit money to a particular bank account for the reasons such as File Charges, refundable Security amount , processing fees etc

PREVENTIVE MEASURES/PRECAUTIONS:

• Research the company to ensure they are authentic.

• Personal visit to the office is always advisable.

• No company will ask for processing fees etc when providing loans.

• Meet the people in person, take all their credentials, verify them if they are genuine. Verify the photograph of the persons given in his id proof.

• Never pay money.

HOW TO MAKE A COMPLAINT:

• Approach the jurisdictional police station/Cyber Crime Police Station with a written complainant along with all the supporting documents and information related to your case.