Beware of Instant Loan Apps! SBI shared 6 safety tips

State Bank of India (SBI) has warned customers against instant loan apps. The country̵

7;s top lender has shared some safety tips for customers to follow to avoid falling into the trap of instant loan apps. “Please avoid clicking on suspicious links or providing your information to a company posing as a bank or financial company. Report Cyber ​​Crime –,” State Bank Of India Tweeted on 22 November.

SBI shared 6 safety tips

1) Check the authenticity of the app before downloading.

2) Do not click on suspicious links.

3) It would be better to avoid using unauthorized apps which can steal your data.

4) Check app permission settings to prevent your data from being stolen.

5) Report suspicious money lending apps to local police authorities.

6) Go to For all your financial needs.

Legitimate loans can be offered by banks, non-banking financial companies registered with the Reserve Bank of India and entities regulated by state governments.

Further, consumers should never share copies of Know Your Customer (KYC) documents with unknown persons, unverified/unauthorized apps and report such incidents to the relevant law enforcement agencies.

SBI has been warning its customers from time to time about phishing trends and ways to protect themselves from such frauds. SBI keeps informing its customers through its official Twitter handle (@TheOfficialSBI).

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