Key Takeaways
- Fraudsters often use a common method of creating fake websites to lure unsuspecting victims
- Fraudsters misusing reputed brand names are on the rise
- How do these fake website scams work?
- Tips to stay safe
We live in an era in which everything- from shopping to banking happens online. Application for personal, automobile, home loan, etc. is also easily made online through websites of banks and other trusted NBFCs such as Bajaj Finance. This boon of convenience, powered by the internet, however, exposes us and makes us vulnerable to various scams and loan frauds in India. These phishing and vishing scams are used to gain access to your phone number, EMI network card, credit card, and bank account details. These can then be misused to your disadvantage. Exercising caution and using basic safety protocols can prevent you from becoming a victim of these malicious attacks.
Fake Loan Websites
One of the common tricks used by scammers to lure unsuspecting victims is to get them to visit a fake website and enter details. But how do they do it?
It is quite common for us to receive or come across advertisements on social media that offer no or low-interest loans and/ or attractive offers like no documentation. Unsuspecting loan seekers click the link provided and they are taken to a website that looks very much like the Bajaj Finance website. Here they are prompted to enter their phone number and other financial information. They expect a loan approval, instead, their EMI network card or credit card is used for shopping by fraudsters or their account is hacked and money transferred.
How does the fake website scam work?
Bajaj Finserv is a much trusted NBFC and a leading lender in India. Our website www.bajajfinserv.in provides easy access to our range of services and also provides information to prospective loan seekers. Fraudsters intending on baiting unsuspecting loan seekers often create fake websites that resemble the Bajaj Finserv website and use domain names such as www.bajafinserv.in or www.bajajfinnace.com. Can you spot the difference www.bajajfinance.in and www.bajajfinnace.com?
As a loan seeker, if you now search for Bajaj Loans on Google or click on an SMS you have received or a social media advertisement, you could be routed to one of these fake websites. If you look closely, you will realize that the website address is misspelled. You will now be prompted to enter your financial and personal information and this is used to defraud you.
How to stay safe?
- Do not rely on Google or other search engines to find out the web address of Bajaj Finance. Reach out to us through https://www.bajajfinserv.in/reach-us
- Check the website URL or web link for spelling errors and scan the site carefully to check for authenticity
- Do not share financial details, mobile numbers, or other personal information with unverified accounts on the internet
- Do not make any advance payment for loan processing. Bajaj Finance or its representatives never asks for any advance fees for loan processing
- Do not click on suspicious-looking or unverified links
- Look for https:// instead of http:// in the web link
- If you are an existing Bajaj Finance customer, keep your details updated, so that we can reach you in case we find any suspicious activity on your account
- If you think you have fallen victim to any fraud or found any loan fraud website, report it at https://www.bajajfinserv.in/reach-us
CAUTION – Beware of fake websites! Due diligence will help you stay safe and protected against online frauds.
Savdhaan Rahein. Safe Rahein.
