A 56-year-old resident of Navi Mumbai fell sufferer to on-line fraud, dropping ₹90,000 in an alleged prompt mortgage rip-off.
An FIR beneath part 420 of the Indian Penal Code and the Information Technology Act was filed in opposition to unidentified people at Kalamboli police station on Saturday, PTI reported.
The complainant, employed with a logistics firm, sought a mortgage for his daughter’s schooling after seeing a Facebook submit promising loans inside two hours. Upon making use of on-line, he obtained a name demanding insurance coverage, GST, NOC, Reserve Bank of India expenses, and two advance instalments, totaling ₹90,000.
Realising he had been deceived when the promised mortgage did not materialise, the complainant reported the incident, and an investigation is ongoing.
Why prompt mortgage apps are dangerous?
Beware of unauthorised digital lending platforms and cell apps that promise fast, hassle-free loans. Reports point out these platforms might cost extreme rates of interest, demand hidden charges, use aggressive restoration strategies and misuse agreements to entry borrower knowledge together with breaching your on-line privateness.
It’s essential to take precautions and keep away from falling sufferer to such schemes.
What measures you have to take in opposition to prompt mortgage entice?
• Only belief loans from banks, RBI-registered non-banking monetary firms, and state-regulated entities
• Verify backgrounds of entities offering tempting loans on digital platforms.
• Ensure thorough checks on the credibility of on-line or app-based mortgage suppliers.
• Never share KYC paperwork with unidentified or unverified people or apps.
• Report fraudulent actions to legislation enforcement companies or RBI’s Sachet portal (https://sachet.rbi.org.in).
• RBI mandates digital lending platforms to reveal upfront the title of the financial institution(s) or NBFC(s) they symbolize.
Source web site: www.hindustantimes.com
