PAN Card Fraud: How to check if someone else has taken a loan on your PAN | Personal Finance News | Job Binary

New Delhi: In the past few days, lending company Indiabulls has been surrounded by controversies regarding its fintech platform Dhani. The app provides personal loans to individuals without any collateral.

Users only need to share their PAN and Aadhaar card details to get a loan from the Dhani app. However, many notorious elements are misusing the app to get loans by illegally using other people’s PAN cards.

In several cases, PAN cardholders have found that loans have been disbursed through Dhani to unknown persons on their PAN cards without their consent. Individuals who take loans from the application do not repay the EMIs, which affects the financial score of the PAN cardholder.

So, if you feel that your PAN card has been exposed, you can easily find out if someone has taken a loan on your PAN. You can also report misuse of your details to Dhani App or Indiabulls.

Over the past few days, several Twitter users have complained on Twitter about the scam related to the Dhani app. Fraudsters are taking advances from the app by giving details of other individuals, most of whom are from Bihar and Uttar Pradesh. PAN cardholders are defaulting due to non-repayment of loans by fraudsters.

Here’s how to check if someone else has taken a loan on your PAN card:

You can easily check whether someone else has taken a loan on your PAN number by creating your credit score. You can use the services of any credit bureau like CIBIL, Equifax, Experian or CRIF High Mark to find out the details of loans taken against your name. Also Read: iPhone maker Foxconn to make semiconductors in India with Vedanta

You can visit fintech platforms like Paytm or Bank Bazaar to check your financial reports. All you have to do is enter your personal details like name, date of birth, your PAN card details to find out if someone else has taken a loan on your PAN card. Also Read: Caution for Provident Fund Investors! EPFO urges subscribers to protect accounts from online frauds

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