Identify and Avoid Personal Loan Scams in India
                     Identify and Avoid Personal 
Loan Scams in India
The Personal Loan 
Fee
 If your personal loan provider asking you a loan fee before getting 
your approval? Is the representative is stating some new facts 
about the processing fee along with your documents? If you see 
such a situation, it is a red signal to stop and check. The 
processing fee is taken by every loan provider, but that is 
deducted from the disbursement amount itself. You don’t need to 
pay anything from your budget before the loan is approved. There 
is no charge to check your credibility and other documentation. 
Also, check the amount and percentage of fee taken, by 
comparing it with another loan provider.
No Eligibility Criteria 
Check
 Things are suspicious when it is easier than you have ever 
thought. It is a rule and there can be no option or exceptional 
situation, where a loan provider will not check your eligibility 
criteria. If the loan provider you have chosen is giving you a loan 
without checking your background or credit score, it is a signal of 
a scam. The genuine ones are very particular and strict about the 
personal loan eligibility criteria.
Limited Period 
Offer
 An instant personal loan does not come up for a specified period. 
It is a matter of uniform and fixed tenure of time. Any genuine 
loan provider will give you a fixed tenure, and you need to repay 
your loan within that period. So, if any loan provider is giving you 
a short period of offer that will expire soon, you need to judge the 
authenticity.
Apply Personal Loan in 
Mumbai
 A personal loan is the best option if you need funds 
for an urgent need or a short period. It can be 
availed for any purpose. Apply for 
personal loan in Mumbai online on Clix Capital by 
just filling a few personal details.
Clix Capital Services Private 
Limited
 Address: 4th Floor, Kailash Building, 
Kasturba Gandhi Marg, Connaught 
Place, New Delhi-110001
 Phone: 1800 200 9898
 Email us: [email protected]
 Website: www.clix.capital 
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www.clix.capital/clixblog/important-things-to-know-before-taking-a-personal-loan