<\/span><\/h3>\n\n\n\nLook for red flags like no registration, undisclosed interest rates, informal cash transactions, and pressure tactics, a loan shark rarely provides the formal documentation a regulated lender is required to give, which is often the fastest way to tell a loan shark apart from a genuine NBFC. <\/p>\n\n\n\n
<\/span>What interest do loan sharks charge? <\/span><\/h3>\n\n\n\nThere’s no fixed figure, but a loan shark commonly charges rates far above any legal cap, sometimes compounding weekly, which can multiply what a loan shark borrower originally owed within a matter of months. <\/p>\n\n\n\n
<\/span>How do I report a loan shark? <\/span><\/h3>\n\n\n\nFile a complaint with local police, use the National Cyber Crime Reporting Portal at cybercrime.gov.in, or call the helpline 1930 if the loan shark operates through a digital lending app. <\/p>\n\n\n\n
<\/span>Can a loan shark take my property? <\/span><\/h3>\n\n\n\nNot lawfully but a loan shark may still attempt to seize informally pledged items or pressure a borrower into signing over property, which is exactly why documentation and legal recourse matter so much against any loan shark’s informal claim. <\/p>\n\n\n\n
<\/span>What is the difference between a loan shark and an NBFC? <\/span><\/h3>\n\n\n\nAn NBFC is registered with and regulated by the RBI, follows disclosed and capped interest structures, and must adhere to a fair-practice code; a loan shark operates entirely outside all of this. <\/p>\n\n\n\n