Real Life Stories

 
Man lost Rs1.91 lakh while availing a loan online

Tuesday, October 15, 2019, 11:51 AM

Man lost Rs1.91 lakh while availing a loan online

A man from Visakhapatnam was looking for a home loan for the construction of a new house and searched for it online. He received a call from an unknown person who claimed to be a representative of Mahindra Finance Services in Delhi. The caller said the victim that he would help him get a loan and asked him to send details of his property including Aadhaar card to [email protected] After sending the details the caller told the victim that the loan will be sanctioned soon. To receive the loan amount, the victim was asked to transfer the processing fee and an additional amount as insurance charges. Believing this to be true victim transferred Rs 1,91,211.

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Bank fraud touches unprecedented Rs 71,500 crore in 2018-19: RBI

Friday, June 7, 2019, 9:54 AM

Bank fraud touches unprecedented Rs 71,500 crore in 2018-19: RBI

Over 6,800 cases of bank fraud involving an unprecedented Rs 71,500 crore have been reported in 2018-19, the Reserve Bank of India has said. A total of 5,916 such cases were reported by banks in 2017-18 involving Rs 41,167.03 crore, it said. As many as 6,801 cases of fraud were reported by scheduled commercial banks and select financial institutions involving an amount of Rs 71,542.93 crore in the last fiscal (increase of over 73 percent in the fraud amount), the Reserve Bank of India (RBI) said in reply to an RTI query filed by this PTI journalist.

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Signs of Identity Theft

Friday, November 30, 2018, 7:15 PM

Signs of Identity Theft

Identity theft is one of the biggest frauds that take place in India and many people have fallen prey to it. Under identity theft, your personal infor ...

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5 Loan Mistakes Millennials Often Commit

Monday, August 13, 2018, 6:28 PM

5 Loan Mistakes Millennials Often Commit

Demand for loans is increasing each day and millennials are the driving force behind this. Loans can be of any kind like personal loans, home loans, c ...

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Get Your Credit Score Free On WhatsApp

Tuesday, July 3, 2018, 6:26 PM

Get Your Credit Score Free On WhatsApp

On the basis of your borrowing history and repayment track record, you will be assigned a credit score between 300 to 900. Your credit score is very i ...

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Common Personal Loan Scams You Must Know

Friday, June 8, 2018, 5:59 PM

Common Personal Loan Scams You Must Know

Availing personal loans from banks and financial institutions is a great way to meet emergency expenses. However, you have to be very careful whi ...

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Factors which Affect Your Credit Score

Wednesday, May 16, 2018, 7:37 PM

Factors which Affect Your Credit Score

A credit score is one of the important factors that determine your creditworthiness and help the lender know if you can repay your loan or not. So, it ...

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A Good Credit Score Can Get You A Cheap Home Loan

Tuesday, May 15, 2018, 7:03 PM

A Good Credit Score Can Get You A Cheap Home Loan

Having a good credit score can help you avail a loan at low interest rates. As per the Credit Information Bureau, Transunion Cibil's announcement, ...

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Smart Ways To Use Your Bonus

Monday, April 16, 2018, 7:23 PM

Smart Ways To Use Your Bonus

It’s the bonus season and your salary account may be credited with some extra money. You may choose to splurge the entire bonus amount, but inst ...

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