Green Flags<\/strong> <\/td><\/tr>| No disclosure of the bank or NBFC providing the loan <\/td> | Lending bank or NBFC is clearly disclosed <\/td><\/tr> |
| Lending partner cannot be found on RBI’s list of regulated entities <\/td> | Lending partner is verifiable on RBI’s official website <\/td><\/tr> |
| Upfront payment requested before loan approval or disbursal <\/td> | Charges are disclosed and deducted as per the loan agreement <\/td><\/tr> |
| Interest rates, APR, or fees are not clearly mentioned <\/td> | Interest rates, APR, tenure, and charges are disclosed upfront <\/td><\/tr> |
| No Key Fact Statement (KFS) or loan agreement provided <\/td> | KFS and loan agreement are shared before acceptance <\/td><\/tr> |
| Requests unnecessary access to contacts, photos, messages, or call logs <\/td> | Requests only permissions necessary for loan processing <\/td><\/tr> |
| No customer support number, email, or grievance officer details <\/td> | Customer support and grievance redressal details are available <\/td><\/tr> |
| Numerous complaints about harassment or threatening recovery methods <\/td> | Positive borrower reviews and professional customer support <\/td><\/tr> |
| No privacy policy or unclear data usage practices <\/td> | Transparent privacy policy explaining data collection and usage <\/td><\/tr> |
| Loan approval guaranteed without any verification <\/td> | Proper eligibility checks and verification processes followed <\/td><\/tr> |
| Website or app contains spelling errors, fake addresses, or misleading claims <\/td> | Professional website, clear company details, and verifiable business information <\/td><\/tr> |
| Hidden charges discovered after loan disbursal <\/td> | All fees and repayment terms disclosed before loan acceptance <\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n Quick Tip:<\/strong> If a loan app shows multiple red flags and fails to disclose its RBI-regulated lending partner, avoid sharing personal documents such as PAN, Aadhaar, or bank account details until you verify its legitimacy. <\/p>\n\n\n\n |