Business Standard

Find out why your credit report shows a loan you don't remember taking

Loans can be issued to you both legally and fraudulently. So if there's a suspicious entry in your credit report, get to the bottom of the matter immediately

instant loan
Web Exclusive Premium

Bindisha Sarang Mumbai
After a recent monetary policy review, Reserve Bank of India Governor Shaktikanta Das said the apex bank has been receiving many complaints against digital lenders. Customers found that loans were disbursed to them without their consent, which led to a drop in their credit scores. Adhil Shetty, chief executive officer (CEO), BankBazaar says, "Recently, several people mentioned on social media that they were surprised to find loans issued against their PANs by lending institutions. Worse, some of the loans had been defaulted on. For no fault of theirs, these people’s credit scores were compromised due to the defaults." If this

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Apr 15 2022 | 4:15 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com