Kohima, March 5 (MExN): The Nagaland Police has cautioned the general public to be aware of easy online loan scams by scammers posing as representatives of reputed banks/financial institutions offering loans at low-interest rates. The cautionary note was issued by the SP (Crime) & PRO, PHQ Kohima.
According to the police, the modus operandi of the scam involves the scammers contacting the victims either through SMS/e-mails or calls offering loans by introducing themselves as officers, representatives, agents of reputed banks or financial institutions.
“If victim agrees for a loan, soft copies of the documents such as ID & address proof, PAN, Bank Account details, Account Statement, copy of cancelled cheque, income details (Pay- slips, IT Returns) etc., are sought on the pretext of processing the loan,” it said.
Victims are then sent a fake loan approval form and asked to pay processing fee, after which the scammers disappears, it added.
Further, it said that another online loan method is where loans are sanctioned instantly via private loan apps without much verification but after availing the loan, the scammers get access to victim’s contact list and personal data, which is then used to harass the victims and their references to the extent of blackmailing them with their personal data.
Nagaland Police informed that genuine loan providers would never provide loans without verification and due procedures laid down by the RBI. It therefore,…