It is compulsory for the lending partner to meet all the regulatory requirements of RBI. (Pic Credit: Freepik)
If there is an absence of a website there are high chances of the loan app being fake. (Pic Credit: Freepik)
Loan agreement is very crucial as it contains all the necessary information. (Pic Credit: Freepik)
If a lender claims you're approved for a personal loan but asks for a small "advance fee" it's a major warning sign. (Pic Credit: Freepik)
It is mandatory to lend loans with all the personal necessary information as per RBI Guidelines. (Pic Credit: Freepik)
Reviewing online reviews is very important as it gives you the authenticity of the loan app. (Pic Credit: Freepik)
Authentic lending apps always ask users to undergo the Know Your Customer (KYC) process to verify their identity and prevent fraudulent activities. (Pic Credit: Freepik)