Hyderabad police warn of rising loan scam cases
The Hyderabad Police have issued a public alert following a surge in fraudulent loan schemes. Between 2023 and 2025, 25 such cases were registered, with scammers impersonating financial institutions to extract personal data and fees from victims.
Hyderabad: The Hyderabad Police have cautioned citizens to remain alert against an increasing number of fraudulent loan schemes.
As per data, between 2023 and 2025, a total of 25 loan fraud cases were registered by the Central Crime Station police. While five were booked in 2023, eight in 2024, and 12 in 2025.
According to Central Crime Station officials, fraudsters pose as representatives of banks, NBFCs, or cooperative societies to collect personal details such as PAN, Aadhaar, and bank credentials from unsuspecting victims.
“They lure people with fake loan offers, demand processing or activation fees and then vanish without disbursing any funds,” officials said.
In some cases, fake or already-mortgaged gold and properties are used as collateral to obtain fraudulent loans, they added.
The suspects often use WhatsApp, Telegram, and fake websites, and impersonate reputed financial institutions to deceive the public.
Public Advisory:
*Verify lenders through official websites or regulatory bodies.
*Never pay advance fees before loan sanction.
*Do not share personal documents or OTPs with unverified agents.
*Use official payment channels for loan-related transactions.
*Avoid unsolicited loan offers via calls or social media.
