Loan: Cases of fraudulent loans are increasing rapidly these days. Cyber fraudsters take personal loans in your name using your documents and data. Cases of fraudulent loans are increasing rapidly these days. Cyber fraudsters take personal loans in your name using your documents and data.
You can find out whether any fake loan is running in your name or on your documents or not by using some easy methods while sitting at home. This can be done in a jiffy by using facilities like CIBIL report, PAN card, Aadhaar number and bank statement.
CIBIL report
You can easily find out from your CIBIL report whether someone has taken a loan in your name or not. To check your CIBIL report, visit the official website of CIBIL. Login or create a new account. Then download the credit report by filling in the PAN card and other details. If any unknown loan appears, contact the bank immediately.
Keep an eye on bank statements and SMS alerts
Read your bank statements and SMS alerts carefully every month. If an unknown EMI is being paid, contact the bank immediately.
Keep checking credit card statements
If you use a regular credit card, keep checking its statement. Flag any suspicious transactions to your bank. You should keep your credit card inactive or locked when not needed.
Credit monitoring service
Credit bureau companies also provide credit monitoring service. This can tell if any new loan or credit card has been issued in your name or not.