Kohima, March 5 (MTNews): Nagaland Police have advised the general public to be aware of easy Online Loan Scams by scammers posing as representatives of reputed banks or financial institutions offering loans at low interest rate. The advisory also explained the Modus Operandi of the scammers.
The advisory informed that scammers contact victims either through SMS/E-mails or calls offering loans by introducing themselves as officers, representatives, agents of reputed banks or financial institutions. If victim agrees for a loan, soft copies of documents such as ID & address proof, PAN, Bank Account details, Account Statement, copy of Cancelled Cheque, income details (Pay- slips, IT Returns) etc., are sought on the pretext of processing the loan. Victims are then sent a fake loan approval form and asked to pay processing fee, after which the scammers disappears.
Further, the advisory also cautioned that another online loan method is where loans are sanctioned instantly via private loan apps without much verification but after availing the loan, the scammers get access to victim’s contact list and personal data, which is then used to harass the victims and their references to the extent of blackmailing them with their personal data.
Nagaland Police further informed that genuine loan providers would never provide loans without verification and due procedures laid down by the RBI. “The general public is therefore advised to verify the credentials of the loan providers before applying for such loan and to contact the nearest Police Station of information on such activities,” Nagaland Police said.