Red Flag 1: Upfront Fees
Legitimate lenders never ask for processing fees or "insurance" money before disbursing the loan. If they ask for payment first, it's a scam.
Red Flag 2: Guaranteed Approval
No lender guarantees approval without checking your credit or income. Be wary of "100% approval" claims.
Red Flag 3: Pressure Tactics
Scammers often create false urgency ("Offer expires in 1 hour!") to stop you from thinking clearly.
Red Flag 4: Unsecure Communication
Official lenders use corporate email IDs, not Gmail or Yahoo addresses.
What to Do
Stop communication immediately. Do not share OTPs. Report the number to cyber crime authorities.
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