Tribune press service
Shimla, December 5
Cybercriminals are tricking innocent people, who are in dire need of cash following the loss of jobs due to the Covid-19 lockdown, by offering quick cash loans at incredibly low interest rates. As a result, personal loan scams have increased dramatically.
Cyber police warned people against falling prey to such offers through insecure and unverified apps and fake internet links. They asked people to verify physical address and background check before accepting the offer and to refrain from paying money in the name of processing fees.
“The lockdown has seen a large number of people lose their jobs, leaving them without a stable income. Many unscrupulous parties are taking advantage of the situation, preying like sharks on innocent people by offering incredibly attractive offers of quick cash loans with high funding and low interest rates,” said Navir Singh Rathore, SP additional, Cyber Crime cell.
“The scammers ask for a processing fee or a transfer fee which the needy people pay considering it is a small amount compared to a large loan offer. But the moment the money is transferred, you are blocked and you find out that they have disappeared,” he added.