New Delhi, March 20 -- Personal loans are a popular choice for people looking for quick cash to cover their expenses temporarily. Personal loans have become more accessible than ever as digital lending has risen.

However, it has also created an opportunity for fraudsters to prey upon people in need of money in a hurry. The number of fake personal loan scams is rising and these scammers are using deceptive means to steal personal information or money.

Before applying for a loan, make sure the lender has been registered with the Reserve Bank of India (RBI). Fake websites or social pages can also be created by the scammers that appear similar to legitimate lenders. Visit the official website, read customer reviews and get contact details. ...