How to check if someone has taken a loan using your PAN card | Job Binary

PAN Card Fraud: Lender company Indiabulls has been in the news lately due to an explosion of controversies surrounding its fintech platform Dhani Services. There have been series of cases where PAN card holders were found to have disbursed loans to unknown persons on their PAN without asking their consent. Fraudsters are not repaying such bad loans disbursed by Dhani app. Hence, the CIBIL score of the victims of this PAN card loan fraud is getting hit badly.

Talking about how cyber criminals execute this PAN card loan fraud; New Delhi-based cybercrime expert Amit Dubey said, “Dhani App and some other fintech platforms are disbursing small ticket loans on submission of just PAN card and mobile number. One’s mobile number is attached to one’s bank account, money is transferred. PAN card belongs to a different person but a different bank account. So, In the name of quick disbursement of small size loans, fintech platforms have left a loophole being exploited by online fraudsters.

On how to protect against such PAN card fraud by such cybercriminals, Amit Dubey said, “First and foremost, one should not share one’s PAN and Aadhaar number to unknown persons or any known person as these documents are highly confidential. One should be careful while sharing these documents in places where they can be misused. Therefore, one should The intention to share photo copy of PAN card and Aadhaar card should be written and it should be written in some part way. The line will come on the image. This will negate any chances of misuse of such frauds.”

Further, PAN card holders are advised to check one’s credit details and one’s CIBIL score from time to time. These days CIBIL score and loan details can be checked online by logging into the services of any of the credit bureaus like CIBIL, Equifax, Experian or CRIF High Mark, he said.

One can check one’s loan details by logging into fintech firms like Paytm and PolicyBazaar apps. These fintech apps give users CIBIL score instantly along with one’s credit details.

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