Customers of the State Bank of India (SBI) have been warned against Instant Loan Apps. SBI has issued a Twitter notice, warning clients not to click on any unintentional links and to avoid bogus apps that offer rapid loans.
Customers receive offers such as "Get a Rs 2 lakh loan in 5 minutes, here's how."
"Customers are advised not to click such links at all, since they may be required to empty their bank accounts. SBI has issued a warning to all of its clients not to click on the bogus link. Do not give your personal information to the company posing as SBI or any other bank. For all of your financial needs, go to https://bank.sbi. Be wary of phoney rapid loan apps. It's possible that this is a ruse."
1. How you can lose all your money with just one click:
"Obtain a loan of Rs 2 lakh in 5 minutes, here's how to get it," customers are told. Customers are advised not to follow such links at all, since they may be required to empty their bank accounts. SBI has issued a warning to all of its clients not to click on the bogus link. Do not give your personal information to the company posing as SBI or any other bank. For all of your financial needs, go to https://bank.sbi. Be wary of phoney rapid loan apps. It's possible that this is a ruse.
2. Avoid quick loan-giving apps
Instant Loan Apps provide you with a loan in less than two minutes, with no paperwork required. People who take out a loan must pay a high interest rate when repaying the loan. People take out large loans and are then subjected to extortion calls. As a result, a large number of individuals have died. People have also been advised to avoid using such instant apps by the Reserve Bank.
3. Avoid giving information on the phone
SBI also advises customers about calls claiming to be from the bank requesting for personal information such as bank account numbers, OTPs, and so on.
Conclusion
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