New Delhi, Oct. 6 -- As the Indian economy continues to evolve due to the advent of technology and artificial intelligence, so do the tactics used by scammers to defraud innocent people and carry out sophisticated personal loan scams.

That is why, before applying for any new personal loans, it becomes essential to recognise and avoid these fraudulent schemes to protect and safeguard your personal information and to ensure long-term financial prosperity.

If a borrower falls victim to a personal loan scam, complaints can be lodged with the following authorities and platforms:

Borrowers have the right to timely information, fair treatment, and confidentiality of their data under RBI regulations. It is not only essential for them to dodge ...