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6 Ways to Spot a Loan Scam

There are hundreds of fake loan apps on the play store that you can fall prey to. But there are ways to shield yourself from these scams. Read the blog to know how.

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6 Ways to Spot a Loan Scam

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  1. 6 Ways to Spot a Loan Scam

  2. Introduction • Financial Frauds Are On A Steep Rise These Days • Over A Hundred Fake Apps Have Appeared On Play Store And App Store • Spot Potential Personal Loan Frauds If You Don’t Want A Fall Prey To Them

  3. Always Verify The Source • Scammers Ask You For Money Without Sharing Their Details • Do Not Pay Them Unless You Verify The Source

  4. No-credit-check Loans • If Your Lender Is Ready To Lend You Without Doing A Credit Check, It Is A Red Flag • Legitimate Loan Companies Always Examine Your Payment History

  5. Forced To Act Immediately • If You Are Being Pressured Into Making A Rapid Decision For Taking A Loan, It Is A Scam • Reputed Lenders Never Pose A Deadline

  6. They Ask For OTPs On A Phone Call • Never Share Your OTP On A Phone Call • Legitimate Loan Companies Would Never Do That

  7. Check Website Authenticity • Scrutinize The Lender’s Website. If It Is ‘Http’ Then It Is Not A Secure Website • The Website Address Should Have An ‘S’ At The End And Should Read As ‘Https://’.

  8. Thank You !Would Love to Hear From You Hero FinCorp Limited 09, BasantLok, Vasant Vihar, New Delhi - 110057 Tel. 18001024145 Email Id: Corporate.Care@HeroFinCorp.com Website: https://www.herofincorp.com/ Know more- 6 ways to spot a loan scam

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