Borrower Beware: Man Loses ₹1.35 Crore in Fake Loan Processing Fee Trap
VerifiedAuthentic
Summary
A 33-year-old tax consultant from Navi Mumbai lost ₹1.35 crore in a loan processing fee scam. Four individuals promised to arrange a loan for his construction project and claimed they would inspect th...
Key Details
Published
23 August 2025 at 10:00 am
Source
The 420
Channel
fake website
Victim Profile
working professional
State
Maharashtra
City
Navi Mumbai
Amount Loss Range
₹1000000–₹2500000
Fraud Keywords
advance fee fraudfake loan offerprocessing fee scamconstruction project loanunauthorized middlemenfraudulent financial entityadvance payment traploan processing scamfake site inspection