Have you been approached for a loan by SBI Loan Finance Ltd and other such entities? If yes, then the country’s largest lender State Bank of India (SBI) has cautioned against fraudsters offering any loan.
The bank on Tuesday warned customers against such fake loans on the microblogging site Twitter.
"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," SBI informed.
While cautioning its customers, the lender said it is not associated in any way with any such entities, and the persons offering loans are not authorized to do so. In the official Twitter handle, SBI said, "It has come to our notice that certain unknown persons are attempting to defraud the general public by offering loans from non-existing entities in the name and style of SBI Loan Finance Ltd. or any such entities.
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The bank asked those customers who are in need of loans to approach the nearest bank branches and not encourage market intermediaries.
Earlier this year, the bank had warned against loans being offered by unauthorised digital platforms, mobile applications promising a quick and hassle-free process. "Beware of fraudulent instant loan apps! Please do not click on unauthorized links or provide your details to an entity impersonating as SBI or any other bank," SBI had tweeted.
SBI remains the largest commercial bank in terms of assets, deposits, branches, customers, and employees. The bank's home loan portfolio has crossed the milestone of Rs 5 lakh crore. At present, it holds over 34 percent market share in home loans.