What is the loan approval fraud, how to stay safe?

Updated: 17-07-2025, 05.13 PM

What is news?

Nowadays, cases of cheating from people are increasing rapidly in the name of giving loan on online platforms. People soon get into the deception of fake agents without investigation in the greed to get a loan. Sometimes it starts through fraud email, call or social media. This is becoming a major cyber threat, affecting common people the most. Let’s know what the loan approval fraud is.

What is a loan approval fraud?

In this fraud, fraudsters send messages to people by creating fake loan agency, ‘Your loan of Rs 3 lakh has been approved, click on this link to get money.’ When people click on this link, a fake website opens where Aadhaar, PAN and bank details are asked to be filled. After this, they ask for money in the name of processing fees and break the contact as soon as they get money.

How to cheat?

As soon as you click on the link, the user sees an ambassador -like interface like a trusted website. Frauds fill the information of Aadhaar card or bank account in it and then demand money in the name of processing fees. In some cases, OTP is ordered by taking information of UPI or card. After this, a large amount disappears from the account. These frauds are carried out very fast and people understand something by then, money has gone.

Keep yourself safe

First of all, check whether the loan company is registered with the Reserve Bank of India (RBI). No bank sends a link for loan nor takes processing fees first. Do not rely on unknown links, calls or emails. Fill your bank details only on the official site or app. If there is any fraud, immediate cybercrime helpline 1930 or website www.cybercrime.gov.in File a complaint on.