Beware of Personal Loan Scams: Instant Money Offers Can Empty Your Account

• Scammers lure victims with promises of cheap interest and instant loans, then demand upfront processing fees or use fake apps.
• Real banks and NBFCs never ask for processing fees to be paid to private UPI IDs or unknown accounts before loan disbursement.
• Fake apps and cloned websites mimic legitimate lenders, requesting access to personal data and threatening users if denied.
• Be wary of offers for 'no CIBIL check' or 'guaranteed loans' at extremely low interest rates, as these are common scam tactics.
• Always verify lender information, avoid clicking unknown links, and never share OTPs or banking details with anyone.