Hyderabad cybercrime loan fraud alert
Hyderabad: The Hyderabad cybercrime police have issued an advisory warning the public to be cautious of conmen who cheat people under the pretext of offering loans. The scammers pose as representatives of reputable financial institutions or loan companies, such as Dhani and Indiabull Loans.
These fraudsters contact potential victims through phone calls, emails, or social media, offering personal loans with low-interest rates and flexible repayment terms. Victims are then asked to provide personal information, including sensitive financial data, and to pay processing charges, various taxes, NOC, and clearance charges to secure the loan.
“Once the victim pays the fee, the scammer disappears with the money, leaving the victim with no loan and compromised personal information,” warned the police.
The police listed several warning signs of suspected fraud:
- Unsolicited loan offers with unusually low interest rates.
- Requests for personal information, such as social security numbers or bank account details.
- Demands for processing fees, taxes, and clearance or deposits before loan approval.
To stay safe, the public is advised to:
- Be cautious of unsolicited loan offers.
- Verify the authenticity of loan providers with regulatory agencies or financial institutions.
- Never share personal information or make payments without proper documentation and loan agreements.
In case one becomes a victim of fraud, they should immediately report suspicious cybercrime activities on the helpline number 1930 or the National Cybercrime Reporting Portal: https://cybercrime.gov.in/.