Nowadays, in online fraud cases, the most worry is a matter of worry, if your PAN card is handed over to a criminal, then it can also take a fake loan in your name. This can not only spoil your credit history, but it can be difficult for yourself to take a loan in the future. In such a situation, it is very important to know in time that no one has taken a loan quietly on your PAN card. The good thing is that you can check it by taking out your cibil (credit) report sitting at home without any charge.

Why is it necessary to check fake loan on PAN card?

• If there is an unknown loan or credit card running in your name, then your credit score may fall.
• This is a big sign when banks, NBFCs or other companies refuse to give loans or suddenly collection calls come.
• If you find out in time, you can file a complaint and solve the case soon.

How to check fake loans taken on PAN card

Remove CIBIL report online for free: The easiest and authentic way is to download your own cibil report for free. Once a year, every person has the right to receive his free CIBIL report.

CIBIL Report Download Steps

• The official website of the cibil (cibil.com) Go on.
• Click on ‘Get Your Free Cibil Score’ or ‘Free Credit Report’ section.
• Fill your PAN card number, date of birth (DOB) and other information sought.
• Create a profile after mobile OTP or email confirmation.
• Once your details are verified, your free cibil report will be available onscreen.

Which details in the report pay attention?

• Account Summary/Loans/Enquiries section: Here you will see all the loans and credit cards released in your name in the list. With every entry, details like bank/financial name, loan/card number, opening date, limit will be available. If you see a loan/credit card that you have never applied, or find a place, amount or date suspicious, then be alerted immediately.
• Enquiries Section: If an organization is suddenly doing a new loan approved or inquiry in your name, then the details will also be seen in it.
• In addition to CIBIL, you can also extract a report on free or minor charge from Experian, Crif High Mark and Equifax. Many times an update comes late in a credit bureau, so cross-verification is necessary.

What to do if fake loans are found on PAN?

• Immediately contact the concerned bank or Finance Institute from where the loan is issued.
• Register the case by filling the ‘Dispute Resolution’ form on your CIBIL/Credit Bureau portal.
• Also report PAN harassment/fraud in police or cybercrime cell.
• Be cautious with companies improving third party writing/reputation, only use official channels.

How to avoid PAN card loan fraud?

• Never send a photo or online photo to anyone, do not share documents without reason.
• Never click on OTP, Email, KYC links.
• Keep an eye on your bank SMS and email notifications.