Fraud alert: be careful if someone is making a loan with incomplete documents or with a low CIBIL score, otherwise fraud may be involved

Loan Fraud Alert: Although people do business for a living, there are many times when people need more and more money. Like buying a house, getting married, doing higher education, buying a vehicle, etc. That’s why people look towards loans, for which they have to go to the bank. But it also happens with many people that their CIBIL score is low or their documents are incomplete, so the bank cannot grant them a loan. But you will be surprised to learn that most fraud cases arise with such people. So, if you are going to take a loan as well, then you need to know how you can be tricked into getting a home loan even after having incomplete documents or having a low CIBIL score. So let’s know about this…

• First of all, scammers contact people whose loan has been rejected by the bank, whose documents are incomplete or not, whose CIBIL score is low, etc. Scammers contact you by extracting your mobile phone number through hacking.

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• After this, you are informed by calling that you can get the loan. To make you believe, scammers give you the Main Sanction Letter i.e. Eligibility Letter which is actually fake. This gives people confidence in them and they give their go-ahead for the further process.

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• Then there is a check at your house to show or this check is also done on call, money is taken on behalf of various charges. After this, blank checks from the date ahead are requested from you made out to final approval and money is then withdrawn from your account via these checks. At the same time, when you realize that you have been a victim of fraud, it will already be too late.

Never forget these things:-

• If someone is talking about giving you a loan from the bank at a low interest rate, be careful, it may be a scam.
• If your CIBIL score is below 650, someone is asking you to get a loan, then be alerted immediately. Otherwise you may be cheated
• If someone gives a loan without documents or has incomplete documents, understand that you can be deceived.