Taking a loan should empower you, not put you at risk. With rising digital threats, fraud prevention is crucial to ensure your money and data stay safe while borrowing responsibly.
Loan-related frauds have sharply increased across India. Over 92% of bank fraud amounts linked to loans, reaching approximately ₹3,33,148 crore in 2024-25.
Always borrow from a verified lender registered with the RBI.
Use official websites or apps downloaded via Play Store/App Store.
Never share PAN, Aadhaar, or personal info with unknown sources.
Read the loan agreement carefully and always ask for the Key Facts Statement (KFS).
Fibe follows the highest standards of data security, adhered to RBI guidelines and consumer protection. Your information is encrypted, transactions are safe and every loan is processed transparently.
At Fibe, your safety comes first. Here’s how you can stay vigilant:
Here’s a quick access to our easy-to-use loan calculator where you can check your loan amount, EMI and other details instantly
If you suspect fraud, stop all transactions immediately. Gather evidence like receipts and emails. Secure your accounts by changing passwords and notifying your bank. Report the fraud promptly to authorities such as the FTC or FBI. Monitor your accounts closely and seek legal advice if needed to protect yourself and prevent further loss.
Legitimate lenders may charge a loan origination or application fee, usually ranging from 0.5% to 8% of the loan amount, which covers processing costs. These fees are disclosed upfront and can sometimes be rolled into the loan balance. However, no reputable lender asks for fees before approving the loan, and advance fee loan scams should be avoided. Fibe doesn’t ask for any fees before approving or processing your loan. Always verify fee details with your lender directly.
Fibe is ISO/IEC 27001 certified and its PCI-DSS app-based journey makes the loan application super secure and easy to apply.
Unverified apps, no RBI registration, hidden charges and lenders that demands upfront fees.
If you suspect a personal loan fraud, report it immediately at cybercrime.gov.in or call the 1930 cyber helpline. You can also file an FIR at the nearest police station. In addition to that you can also notify your bank or lender through their official grievance redressal channel to prevent misuse.
KYC details are like your digital passport. But with scams and phishing on the rise, just doing KYC isn’t enough. You need to follow a safe KYC process to keep your data protected. The RBI KYC rules are there to make sure everything is secure and verified. Read on to learn how to keep your …
Continue reading “How to Avoid KYC Fraud While Staying Compliant?”
Your KYC status matters more than you think. It decides how easily you can invest or take a loan. It may look like a small step, but you can’t move ahead without it. Most platforms won’t let you invest or borrow. Whether it’s starting a SIP or applying for credit, verified KYC makes things smoother. …
Continue reading “Reasons Why KYC is Important for Investments and Loans”
UPI has changed the way we pay, offering faster checkouts, zero cash and no cards. But behind the ease, a new set of risks has emerged. From phishing messages to fake QR codes, UPI scams are evolving fast. And they don’t just target the unaware. Even frequent users fall for these traps. With rising UPI …
Continue reading “UPI Fraud Protection: How to Stay Safe from Online Scams?”
Subham Pawar
Shilpi Mukherjee
Download the Fibe App the cool new vibe to finance to avail of the loan in just a few clicks from anywhere
