How to be aware of online personal loan frauds

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How to be aware of online personal loan frauds
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Check the online reviews

• When you decide to take a personal loan from an
  online non-banking financial institution, you
  need to verify the loan provider on the basis of
  reviews. The review helps you to gather
  information from the customers that have taken a
  loan from that particular loan provider.
• This helps you to understand whether you are
  borrowing from the right platform or not. If the
  maximum reviews are positive, you should not
  focus much on some negative ones.

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Check the website

• Checking the website of the loan provider will
  help you clear all your doubts. If a loan
  provider is genuine, the website will surely have
  the relevant information including company
  identification number, certificate of
  registration, key management personnel, and
  information related to all products and services.
  
• It will help you gain knowledge about the
  background of the loan provider.

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Check the loan approval process

• You need to understand the cues. If you are
  being offered a very high or very low rate of
  interest in comparison to the average rates in
  the market, you need to make sure that you
  cross-check it. Secondly, if the loan application
  is a scam or a fake application you should not be
  proceeding with the borrowing.
• There are various links and applications that you
  will find nowadays being circulated in groups
  saying ' Your personal loan application of INR
  50,000, has been approved'. Do not believe in all
  such information and do not download any
  application that does not seem genuine. Thirdly,
  if there are no eligibility criteria to get a
  loan do not be happy.

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Loan providers should be registered

• Any genuine loan provider will be registered with
  the Reserve Bank of India. It is important to
  note that if you find any loan provider that is
  not registered by SEBI or RBI, you cannot borrow
  from that loan provider. They do not have the
  license to offer you a loan, no matter how
  lucrative offers they have. The main goal is to
  create a fake website and do scams with online
  borrowers.

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• Apply Personal Loan in Mumbai

• A personal loan is the best option if you need
  funds for an urgent need or a short period. It
  can be availed for any purpose. Apply for
  personal loan in Mumbai online on Clix Capital by
  just filling a few personal details.
• A personal loan is easy to have from the various
  rising banks, NBFC, and other digital
  loan-providing agencies. Get personal loan online
  amount within 24 hours in your bank account at
  Clix.

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Thank You
For more information please contact
Clix Capital Services Private Limited Email
hello_at_clix.capital Mobile [phone]