If you receive a message that your work/loan has been approved, be careful, even if you have money, it will be gone.

People are often cheated in the name of loans, but nowadays people are being robbed by charging processing fees in the name of providing loans at cheap interest rates. Find out how to avoid fraud.

Nowadays people are being cheated in the name of loans. They collect money by saying that they will get a loan at a cheap interest rate. They collect processing fees by sending loan section letters.

Nowadays, people’s lives have started to be on installments and loans, now even the smallest things are getting on loan, including electrical items, vehicles, houses, mobiles and many other things are getting on loan. Then many people take out cash loans in need of money. Cash loans are also called personal loans. We can also call it an unsecured loan.

Easy to get loans
Today, you can get loans with just a click of your phone, but taking advantage of this, many scammers are also increasing in the market. Nowadays, many people must be getting spam calls frequently, in which they are calling for loans, credit cards, etc. Some are really calling for these loans, but among all these, many such calls are also coming that are calling to cheat you.

How scams happen
When you get any spam calls, you will be told that your loan has been approved at a very cheap interest rate. They will ask you to send the necessary documents, after which they will get your KYC information (PAN card, Aadhaar card) bank details from the bank statement and will ask you to pay the processing fee or insurance fee. A PDF of all this is also sent to you in which your name, address, bank details, loan details and rules are also written. In which many people get trapped and pay that fee, after which those scammers disappear.

Things to keep in mind
Whenever you get a call without a loan application, understand that maybe scammers are calling you or when they give you a loan at a cheap interest rate or zero interest, understand that you are about to be scammed.