Loan scam on Indiabulls’ Dhani app? Users report PANs misuse. Details here

New Delhi: While getting a loan is getting easier day-by-day, it is at the same time paving a way for fraudsters to break in and misuse the personal details of a user. A similar issue has come to light in which several users of the Indiabulls-owned Dhani app found unaccounted outstanding loans disbursed on their PANs.

Many users on Tuesday took to Twitter to flag the issue over the misuse of their PAN card details by unknown third parties. Users alleged that their PAN info was compromised by unknown people who took loans in their name via the Dhani app. Their credit reports displayed the loans as defaults, while some users even shared facing show-cause notices by collection agents.

The app lets anyone get a credit of upto Rs 5 lakh, with a part of the amount being disbursed instantly to a digital card.

One of the users, Aditya Kalra, highlighted the issue as he tagged the RBI, Finance Minister Nirmala Sitharaman and the IT Department while complaining, “Shocking revelation in my credit report. A loan disbursed by IVL Finance (Indiabulls) @dhanicares with my PAN number & name, addresses in Uttar Pradesh and Bihar. I have no clue. How can a disbursal happen on my name and PAN. In default already.”

Another user shared that a collection guy came to his home showing him a show cause notice from legal that the person availed a loan of 50K and defaulted.

How Dhani responded

A Dhani spokesperson…