Loan scam: Lost in the name of processing fees £ 1.35 crore, keep these 4 things in mind to prevent loan from cheating

Last Updated: August 23, 2025, 20:54 IST Loan Scheme -Ware: A tax consultant became a victim of a loan of Rs 1.35 crore. In the name of processing fees, it is necessary to take a lesson for each loan taken from this fraud. Loan Scam Alert: Recently, a major fraud with a tax consultant in Navi Mumbai was conducted. He tried to take a loan for his building project and came under the cover of 4 people and gave Rs 1.35 crore in the name of processing fees. But he didn’t get a loan or money back. Many cases of such fraud continue, where money is raised in people by pretending to get a loan. If you also think about taking a loan, then learn from this 4 all and keep your hard -earned money safe. Know these 4 things before taking a loan always takes a loan from the bank or NBFC. To get a loan, take a loan from banks and financial companies (NBFCs) first. Follow only a different path if there is a special situation, such as a lack of credit report or creditworthiness, is very bad. Everything must be in writing: Everything must be in writing before any transaction. Before transferring money, there must be a real loan agreement between the borrower and the giver. Processing fees are deducted: Usually the processing fees are deducted from the lender amount of lending. As in this case, it does not need to be given separately before approval of the loan. Avoid unauthorized agents: Many agents claim to help the approval of the loan instead of the commission. But always call such unauthorized agents ‘no’. Even if the process is slow, always take a loan from the official channel. Over the past 8 years, author Vinay Kumar Jha has been working as a senior copy editor in News18Hindi after starting his career with print media. Business News Team has been part of the team for almost 4 years. He has experience in the media about one and a half decades. Business … Read more, after it has started a career with print media over the past 8 years, it works in News18hindi as a senior copy editor. Business News Team has been part of the team for almost 4 years. He has experience in the media about one and a half decades. Business … Read more here to add News18 as your favorite news source on Google. Location: New -delhi, Delhi First Published: August 23, 2025, 20:50 IST Homebusiness Loan Scam Alert: Lost in the name of processing festival £ 1.35 crore, learn 4 important lessons