Loan on Aadhaar: In this era of digital services, the Aadhaar card has become the most important document for our identity.

In this era of digital services, the Aadhaar card has become the most important document for our identity. From banking to mobile connections and government services, it is required everywhere. But as rapidly as the use of Aadhaar has increased, so have the cases of its misuse. Many people suddenly start receiving recovery calls from banks without having done anything, or they find out that their credit score has deteriorated. Later, they discover that a fraudulent loan was running in their name. The good news is that with a little vigilance, you can find out the truth in time and protect yourself from major losses.

The Aadhaar card is now linked to almost every financial service. If someone has ever given a copy of their Aadhaar card at an unknown place or shared their details without thinking, fraudsters can take advantage of it. In such cases, people often find out only when they receive a notice from the bank or get calls to repay the loan. Sometimes, the truth only comes to light after their credit score drops. This is why it has become essential for everyone to regularly check the loan information associated with their name.

The most reliable way to find out if there is a loan running in your name is through a credit report. You can view your report for free on the websites of credit bureaus like CIBIL, Experian, or Equifax. You need to fill in some necessary information, after which your complete credit history will be displayed. This includes details of all loans and credit cards taken so far. If you see any loan in this list that you never took, then understand that the matter could be serious.

Today, many banks and financial institutions provide their customers with the facility to check their loan status through mobile apps or websites. Here, by verifying with an OTP using your Aadhaar number, you can find out which loans are active in your name. This method is quite easy and fast. If any unknown loan appears during the investigation, it is crucial to contact the relevant bank or company without delay.

If you notice any fraudulent loans in your credit report or bank records, ignoring it can have serious consequences. In such a situation, the first step is to file a complaint on the official RBI portal. It is also essential to report the incident to the nearest police station or cybercrime cell. A timely complaint can not only prevent your credit record from being damaged but also prevent further financial losses.

Sharing Aadhaar card-related information unnecessarily with anyone is inviting trouble. Always enter your details or OTP only on trusted websites and apps. Additionally, regularly check your credit report to detect any discrepancies immediately. In this digital age, a little caution can save you from major financial setbacks.