.jpeg)
Introduction
Loan scams in India have exploded in 2025 — from fake loan apps to phishing calls, thousands of people are falling victim every month.
Whether it’s an instant WhatsApp message or a too-good-to-be-true approval alert, the fraudsters are getting smarter and sneakier.
Vizzve Finance brings you this essential guide to spot, report, and avoid loan scams in today’s digital world.
Common Types of Loan Scams in India (2025)
1. Fake Loan Apps
Fraud apps offer instant loans but steal your data, contacts, and photos. Victims are later blackmailed or harassed.
2. Phishing Calls & SMS
Scammers pretend to be from RBI, NBFCs, or banks and ask for OTPs or personal details.
3. WhatsApp/Telegram Loan Offers
Unsolicited loan messages with links that redirect to malicious websites or UPI ID traps.
4. Advance Fee Fraud
You’re promised a big loan — but asked to pay a "processing" or "registration" fee upfront, then the scammer disappears.
5. Loan Recovery Harassment
Some fake apps offer small loans, then threaten borrowers with legal action or public shaming using their phone contacts.
How to Spot a Loan Scam
| Red Flag | What It Means |
|---|---|
| “Pre-approved loan in 2 mins!” | Too fast = too fake |
| Requests for upfront payment | Legit lenders deduct charges, not ask first |
| No website or physical address | Scam alert |
| Pushy WhatsApp or Telegram messages | Always a red flag |
| Poor English, logo mismatch, typos | Most scams are sloppily written |
| Asking for full access to contacts/photos | Privacy violation – uninstall immediately |
Vizzve’s 7-Step Safety Checklist
Check RBI License – Only borrow from RBI-registered NBFCs or banks.
Use Verified Apps Only – Download from Google Play Store or Apple App Store.
Never Share OTPs or PINs – Even if the caller says they’re from RBI.
Don’t Pay Upfront Fees – Legit lenders deduct from your loan, not before.
Install Anti-Scam Tools – Use spam-blocking and fraud detection apps.
Read App Permissions – Don’t allow access to photos, contacts, mic, etc.
Report Suspicious Apps – Alert RBI, cyber police, or platforms like Play Store.
How Vizzve Finance Keeps You Safe
RBI-compliant lending
256-bit encrypted data protection
No hidden or upfront charges
Transparent loan agreements
Only operates on verified app stores
Real-time fraud education via blogs, SMS & app alerts
If it feels shady, pause and check with Vizzve’s support. Trust your instincts.
Where to Report Loan Scams
RBI Sachet Portal: https://sachet.rbi.org.in
National Cyber Crime Portal: https://cybercrime.gov.in
Local Cyber Police Station
Google Play Store / App Store Report Button
Vizzve Helpdesk for any suspicious activity related to Vizzve impersonation
FAQs – Loan Scam Awareness
Q1. Are all instant loan apps scams?
No, but always verify the lender’s RBI registration before trusting.
Q2. What should I do if I’ve already paid a fake loan fee?
Report immediately to cybercrime.gov.in and your bank to block transactions.
Q3. Can scammers access my contacts from a loan app?
Yes — if you give app permissions. Always restrict app access.
Q4. Is Vizzve a safe platform for loans?
Yes. Vizzve is a transparent, RBI-compliant, and data-secure platform.
Final Words
Loan scams are evolving — but with the right awareness, you don’t have to be a victim.
Stay alert, ask questions, and trust only verified lenders like Vizzve Finance.
Stay smart. Stay safe. Choose trusted platforms like Vizzve.
Visit www.vizzve.com for safe loans today.
Published on : 22nd July
Published by : SMITA
www.vizzve.com || www.vizzveservices.com
Follow us on social media: Facebook || Linkedin || Instagram
🛡 Powered by Vizzve Financial
RBI-Registered Loan Partner | 10 Lakh+ Customers | ₹600 Cr+ Disbursed