Applying for an Online Loan? Pause to Prevent Scams

Entertainment National Sports Markets Business & Economy Lifestyle World Astrology & Religion Technology Education & Jobs Auto Politics Viral Opinions

Loading more articles...

Online Loan Scams: How to Spot Fake Apps & Protect Your Money

Representative image

M

Moneycontrol•11-03-2026, 20:16

Online Loan Scams: How to Spot Fake Apps & Protect Your Money

•Verify the lender: Ensure it's a registered bank or NBFC; check RBI's public list.
•Beware of intrusive permissions: Legitimate apps don't need access to your contacts, photos, or messages.
•Never pay upfront fees: Genuine lenders deduct processing fees from the loan amount, not ask for prior payments.
•Read loan terms carefully: Understand interest rates, penalties, and repayment schedules before accepting.
•Stick to trusted lenders: Choose established banks or NBFCs with regulatory oversight.

Read Full Article on Moneycontrol in English

✦

More like this

✦

More like this

Representative image

Protecting Elderly Parents from Digital Banking Fraud: Essential Tips

Representative image

Lost Your Job? Protect Your Money: Essential Steps to Regroup Financially

यह मामला ब्रिटेन में सामने आया. (AI Image)

Instant Loan: Convenience or Debt Trap? 5 Things to Know Before Taking Quick Credit

Car Loan लेते समय ध्यान रखें ये जरूरी बात.

Car Loan Rejection? Master These Rules Before Applying!

Representational image (Image: News18)

Mastering Your Money: Budgeting After an Online Personal Loan Disbursal

SIP Investment Mistakes: Avoid These Pitfalls to Achieve Long-Term Wealth Goals

SIP Investment Mistakes: Avoid These Pitfalls to Achieve Long-Term Wealth Goals