23:33
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We have all received that one call or email
where we’re offered a big business loan at a time when we least expect them. For
those oblivious to massive loan frauds going on the global scene, such calls or
emails are simply too good to resist. And unsurprisingly, most of them- if not
all- end up getting broke.
Skepticism has now set in for many new
entrepreneurs for who even the genuine schemes of business loan Kolkata and in Delhi looks like a con job. Sorting
what’s right and what’s not is important if you’re in the quest to launch your
startup.
Here are 5 winning ways to spot a fraud
loan scheme like a pro-
It sounds too good to be true-
They’re offering
you a loan of Rs 10 Lakhs with zero interest rate, no annual fee, and with no
late payment penalty—this sounds too good to be true; well, that of course unless
you’re dealing directly with an angel here.
A simple Google search doesn’t yield flowering result-
Who sent you that mail or called you? What is that company’s name?
How reputable are they in the market? These are few curious questions about
your to-be-lender. However, even the mighty Google have no answer to these.
Brick and mortar existence is absent-
This company is
giving you a big business loan Kolkata
or in Delhi, it ought to have a physical presence. A decent working registered
office, located right in India (in fact, right in your state). Do you they gave
you the address?
You’re asked to pay huge amount right upfront-
The
company asks you to pay a lump sum amount right upfront; as a security deposit,
maybe? Now why the genuine ones would do that! Don’t they know you’re short on
money and that’s why you’re applying for loan in the first place?!
It’s too damn easy (!!!)-
Getting loans is still a
tad complex. However the company tells you that you’re going to get the amount
in next 2-days by just providing your name, email and bank details. No KYC
information is needed and your credit history is not checked. FRAUD!
These are the 5 simple and evident signs
that you’re dealing with a fraudster and not a real financial company. At time
like this, don’t reply back. If they continue bothering, file a formal complaint
against them. There are strict laws to put such people behind the bars.
Need business loan, looking for a stock broker in Kolkata, or doing
anything that involves money- do a thorough search (both offline and online),
ask for recommendations, weigh the market reputation these companies enjoy and
see their past record. Be careful of every aspect before you take any step
further.
