Online Personal Loans: Secure Your Data from Cyber Threats!

• Online personal loans offer quick approval but involve sharing sensitive data like PAN, Aadhaar, and bank statements.
• Your data is shared with banks, NBFCs, third-party vendors, and data analytics companies for credit assessment and marketing.
• Major risks include data leaks, cyber fraud, and unauthorized use due to weak platform security.
• Platforms often lack transparency on data retention and sharing practices with consumers.
• Protect yourself: Verify RBI regulation, use HTTPS, deny unnecessary app permissions, and always read privacy policies.

Why It Matters: Enjoy loan convenience, but stay vigilant about data privacy and security to avoid cyber risks.