National Fraud Prevention Council


Loan Approval Scam Alerts: Protect Yourself from OTP Fraud!
Loan Approval Scam Alerts: Protect Yourself from OTP Fraud!

Beware of Loan Approval Scam Messages!



Scamsters often send fraudulent text messages claiming that your loan has been approved.
These messages contain a link, urging you to enter an OTP to proceed.
Do not click on such links! These are phishing attempts designed to steal your personal
and banking details.



Clicking on these links can install malware on your device, giving scammers access to your financial
information. Banks and legitimate lenders never ask for OTPs via SMS links.
If you receive such a message, report it immediately and block the sender.



Stay alert and always verify loan offers directly with your bank!




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