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HomePersonal FinanceIf you are going to take a loan, then be careful, SBI...

If you are going to take a loan, then be careful, SBI has issued an alert regarding these companies!

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State Bank of India (SBI) has warned its customers about fake loan offers. The bank said that it is being fraudulent with people by creating fake companies.


New Delhi. The country’s largest state-owned bank SBI (State Bank of India) has cautioned its customers. On its Twitter handle, the bank has warned in a tweet about fake loan offers, that if someone contacts you on behalf of ‘SBI Loan Finance Ltd’ and any such company Know that this company is not associated with SBI. This is a fake company, which is giving people fake loan offers and blowing their hard-earned money.

Do not forget to pay money

SBI says that these fake companies should not pay any processing fees / registration fees. 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 a fake, it has never been registered.

SBI has said that it has come to the notice of the bank that some unknown person offering loan on behalf of entities named ‘SBI Loan Finances Ltd.’ and other similar companies. Taxes are trying to cheat the general public.


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

Pravesh Maurya
Pravesh Maurya
Pravesh Maurya, has 5 years of experience in writing Finance Content, Entertainment news, Cricket and more. He has done BA in English. He loves to Play Sports and read books in free time. In case of any complain or feedback, please contact me @ businessleaguein@gmail.com
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