New Delhi, Oct. 15 -- If you want to take a loan and are worried about fraud and scams prevalent around the world, it is recommended that you be aware of all the common frauds.

A fraud could be perpetrated by someone who promises a higher personal loan than you are eligible for, or by someone who pretends to be a bank's agent and assures you of a good deal in return for a bribe.

To avoid falling into the traps of fraudsters, you must be aware of some of the common scams they pull on unsuspecting victims.

I. Promise of loan you may not be eligible for: Sometimes, you may get a false promise from a fraudster who promises a loan for which you may not be eligible, or a higher loan amount than you would be otherwise given.

II. Physical doc...