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SBI customers alert! Planning to take loan - beware of fake offers by these companies

In a tweet, SBI said that if someone contacts you on behalf of 'SBI Loan Finance Ltd' and any such company, know that it is not affiliated with SBI.

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The State Bank of India (SBI), the largest government bank in the country, has warned its customers regarding the fake loan offers. The bank took to its Twitter handle and cautioned against fraudsters offering loans by SBI Loan Finance Ltd and other such entities.

In a tweet, the SBI said that if someone contacts you on behalf of 'SBI Loan Finance Ltd' and any such company, know that this company is not affiliated with SBI.

"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 tweet read.

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. This is a fake company, which is offering fake loans to people and blowing their hard-earned money.

Do not pay

The State Bank of India says do not pay any processing fee/registration fee to these bogus companies. SBI has said in its tweet that people who need a loan should directly contact the nearest branch of the bank. Do not resort to middlemen to take a loan.

The company is fake, never registered

SBI has said that it has come to the notice of the bank that some unknown persons are trying to cheat the general public by offering loans on behalf of entities named 'SBI Loan Finance Limited' and other similar companies. 

In reality, these companies do not exist. The bank has warned customers that State Bank of India has no connection with 'SBI Loan Finance Limited'. Those who are offering loans in their name are not authorized to do so.

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