Aadhaar cards are linked to almost every financial service. If someone carelessly shares a copy of their Aadhaar card, their Aadhaar number, or OTP, fraudsters can misuse that information. Loans can be approved in minutes through digital loan apps and fraudulent NBFCs (Non-Banking Financial Companies). In many cases, the loan amount doesn’t even reach the victim’s account, but the responsibility is still placed on them.
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How to detect fraudulent loans through your credit report
The most reliable way to find out if there are any loans in your name is to check your credit report. Credit bureaus like CIBIL, Experian, and Equifax offer the facility to view your credit report for free once a year. As soon as you view your report, it shows all your current and past loans, credit cards, and payment status. If you see any loan in the report that you never took out, it is a clear indication of fraud.
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How to get loan information using Aadhaar and a bank account
Today, many banks and NBFCs display Aadhaar-linked loan information on their mobile apps or websites. After logging in, you can see which loans are active in your name through Aadhaar number and OTP verification. If you see an entry for an unknown loan, it becomes extremely important to contact the bank without delay.
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What to do immediately if you find a fraudulent loan
As soon as you suspect a fraudulent loan, first file a written complaint with the concerned bank or lending company. You can also file a complaint on the RBI’s Sachet portal. This portal is specifically designed for cases of financial fraud. It is also important to file a report at the nearest cybercrime police station to avoid any legal problems in the future.
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Aadhaar security is the best defense
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Sharing your Aadhaar number unnecessarily has become a major risk today. You should avoid entering your Aadhaar-related OTP on any unknown calls, links, or apps. Checking your credit report periodically can be a good habit. A little vigilance can save you from long-term financial and mental stress.