New Delhi, Oct. 25 -- In the ongoing festive season, with Dussehra and Durga Puja recently concluded on 22 October and Diwali festivities set to take over in November, the need for funds can be urgent. Especially if you are an aspiring borrower looking to purchase new products and services.

In such an environment, a relatively harmless WhatsApp message promising instant loans, minimal to no paperwork, and seamless approval may seem like a straightforward way to arrange money.

Still, it is vital to note that not every loan offer received on WhatsApp is genuine and should not be trusted blindly. This is because fraudsters often offer attractive lending rates, set urgent deadlines to secure such loans, promise relatively easy approval, and...