Personal loan scammers are getting smarter—fake pamphlets are the new trap, here’s how to stay safe
In a shocking case of yet another loan scam, a 56-year-old man from Delhi employed a new trick in the fraud playbook by posing as a loan agent and deceiving people through fake pamphlets.
Praveen Kumar was arrested on August 2, 2025, in northwest Delhi’s Shastri Nagar, after luring unsuspecting victims with the promise of easy personal loans, as reported by The Times of India.
One of the victims ended up losing ₹10,500. Investigators revealed that Kumar had opened a fake bank account using a forged Aadhaar card under the name “Ramesh Aggarwal” to facilitate the collection of payments.
He was eventually tracked down through technical surveillance. Police recovered the forged documents, pamphlets, and his phone. The investigation is still ongoing, as authorities continue to search for other victims and potential accomplices.
Why does it grab attention?
Think about it, an ordinary ad, a couple of texts, or a pamphlet, and suddenly someone is giving away cash for a loan that never existed. The target demographic is often people under financial stress. And once you’ve fallen for the bait, the fraudster ditches you with your hard‑earned money.
How to protect yourself from personal loan fraud?
What this means is you can take steps before desperation cuts in:
A phishing call or ad can cost you months or years of struggle. Awareness and skepticism are your best shields.
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