Fake loan websites are duping people of crores of rupees in the name of providing hassle-free loan
RBI had previously listed out the following options that one must exercise before opting for any loan from any website or mobile app
Verify if the lender is registered with the Government / Regulator /authorised agencies
Check whether the lender has provided a physical address or contact information to ensure it is not difficult to contact them later
Beware if the lender appears more interested in obtaining personal details rather than in checking credit scores
Remember that any reputed NBFC / bank will never ask for payment before processing the loan application
Genuine loan providers never offer money without verifying documents and other credentials of the borrowers
Verify if these NBFC-backed loan apps are genuine