SBI Warns about Fake Loan Offers from SBI Loan Finance
Moneylife Digital Team 22 April 2021
The country’s largest lender, State Bank of India (SBI) has warned people about fraudsters, who are posing as staff of SBI Loan Finance Ltd and offering loans only to defraud them. 
SBI has issued an alert on Twitter, stating that it is not associated with any such organisations and that those offering loans are not allowed to do so. 
The Twitter message says, “Beware SBI customers! If you are contacted by SBI Loan Finance Ltd or any such entities then be informed that these are not associated with SBI. They are giving fake loan offers in order to scam our customers.”
"It has come to our attention that some unknown individuals are attempting to defraud the general public by providing loans from non-existing entities in the name and style of SBI Loan Finance Ltd. or any such entities," SBI said.
Over the past few months, there has been a sudden surge in such fraudsters offering bank loans and credit online, unauthorised counterfeit imitative apps, and on social media sites like Facebook, or by email. 
Several banks are sending emails and messages to warn their customers of such con-artists and their modus operandi tricks. 
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