Loan Identify theft

[Love-Nocturne]

Two years ago, I think my friend had a big fraud; he used some fake loan app in desperation that copied all his contacts and later harassed him and all his contacts, including sharing edited PAN card images on WhatsApp with bad language, filling reports, etc. did nothing; his family had to pay 10+ lakh to stop it because his wife's family was harassing him because they were getting those calls. (These frauds happened to many people at that time.)

Well now in 2025 somehow he has 100+ loan accounts in his Cybil, even from some bank I never heard of. Trying to file a dispute is useless because Experian just said they can't reach the bank, so contact the bank, etc.

But how did they take all these loans, honestly? Just with his PAN and Aadhaar details? I think lenders are part of these fraud groups. I know he should have done some credit freeze, but he told me about this just recently. I honestly have no idea how to help; I can sit and file disputes on all 100+ accounts but it probably won't help.

Any tips?

 

[AlgoTrader]

This is scary and I don't think freezing credit is possible in India.

 

[manideep77]

Data privacy has become a joke in India, Recently saw a post about HDFC CC cibil enquiry where they only someone's PAN and how is he trying push for credit freeze to more safety

 

[Anupama_Jha]

There's no sort of "credit freeze" in INDIA

 

[R_A_J]

Two years ago, I think my friend had a big fraud; he used some fake loan app in desperation that copied all his contacts and later harassed him and all his contacts, including sharing edited PAN card images on WhatsApp with bad language, filling reports, etc. did nothing; his family had to pay 10+ lakh to stop it because his wife's family was harassing him because they were getting those calls. (These frauds happened to many people at that time.)

Well now in 2025 somehow he has 100+ loan accounts in his Cybil, even from some bank I never heard of. Trying to file a dispute is useless because Experian just said they can't reach the bank, so contact the bank, etc.

But how did they take all these loans, honestly? Just with his PAN and Aadhaar details? I think lenders are part of these fraud groups. I know he should have done some credit freeze, but he told me about this just recently. I honestly have no idea how to help; I can sit and file disputes on all 100+ accounts but it probably won't help.

Any tips?

This is indeed scary. maybe better to file formal police case with cyber crime cell!
parallely also file cases with the lenders that they have sanctioned loans without doing proper KYC and due diligence -> and later take it to RBI!

 

[manideep77]

There's no sort of "credit freeze" in INDIA

Yes, that's what I mentioned that he is trying to push for this feature and even started a campaign I think

 

[Anupama_Jha]

This is indeed scary. maybe better to file formal police case with cyber crime cell!
parallely also file cases with the lenders that they have sanctioned loans without doing proper KYC and due diligence -> and later take it to RBI!

Nothing will happen.

At first, police won't even register his case at first. Either he needs to pay some convenience fee or escalate to senior officials with multiple visits.

His financial profile is gone 😭

 

[manideep77]

Nothing will happen.

At first, police won't even register his case at first. Either he needs to pay some convenience fee or escalate to senior officials with multiple visits.

His financial profile is gone 😭

Yes, if he want to get it back it would take a lot of effort and time

 

[Love-Nocturne]

This is indeed scary. maybe better to file formal police case with cyber crime cell!
parallely also file cases with the lenders that they have sanctioned loans without doing proper KYC and due diligence -> and later take it to RBI!

I will try this next because disputes didn't do anything, lenders don't reply, Shivalik Mercantile Co-op Bank Ltd., some Jalal chemical industries, and many more fraud lenders.

 

[Love-Nocturne]

Nothing will happen.

At first, police won't even register his case at first. Either he needs to pay some convenience fee or escalate to senior officials with multiple visits.

His financial profile is gone 😭

After this mess he is broke, so I doubt he can pay any convenience fees 😵‍💫, but there should be a way to stop any new loan applications so that maybe one day he can clear these fake overdue loans to improve his profile.

 

[Anupama_Jha]

After this mess he is broke, so I doubt he can pay any convenience fees 😵‍💫, but there should be a way to stop any new loan applications so that maybe one day he can clear these fake overdue loans to improve his profile.

Surrender PAN and get new one alloted.

Change primary device, mobile number and email ids.