How to See Loans in My Name?

Gone are the days when you would need a full load of documentation and days of waiting before getting a loan deal from the bank.

The loan system in India has gone through drastic changes which brought many changes in the process and application procedure.

You can now apply for any loan within minutes and you’ll receive the loan amount within a few hours. This has been achieved through a consolidation system of both PAN Cards and Aadhaar cards which allows the banks to receive the information about the loan applicant immediately.

This is a very good system of loan dispersal. It may be an easy-to-use system, however, it comes with problems like a breach of Data.

If someone has access to your PAN Card or Aadhaar Card then they can seek a loan in your name and may commit a Banking fraud in your name.

This can be avoided if you can keep track of all your loans. If you can see all the active loans in your name in one place then it becomes very easy to find fraud loans, if any.

In this article, we will answer your questions on how to see loans in my name, Precautions for keeping your information safe, how to check active loans in your name, and much more.

Precaution for Keeping Your Financial Information Safe

The best policy when it comes to keeping safe from financial fraud is precautions. In this digitized world, online data fraud is common and it can only be safeguarded by taking precautionary measures.

The following are the steps that you must take to keep your information safe from any financial fraud-

• Do not share your Aadhaar Card and PAN Card with everyone, be very cautious of who is getting access to your personal information
• Do not share any OTP with anyone, it may seem harmless to share the 4-digit code however, you may unknowly provide access to your information in case of any OTP demand.
• Use strong passwords to set up your bank account login password or any other password to ensure no unauthorized access to your banking details
• You should also take credit insurance against your loans, and credit cards, as it protects you financially in case of any fraud.
• Lock or free your Credit report by contacting credit rating agencies like CIBIL, Equifax, etc.
• Be very cautious about using third-party loan services as it may put your important information at risk

How to See Loans in My Name?

The easiest way to find out about the loans in your name is to check the credit report from the credit rating agency.

This agency keeps track of your profile and is completely safe as they are mandated by the Government. Even banks use these agencies’ rating scores to determine the loan seeker’s financial standing before providing any loan.

You can see loans in your name by following these credit rating agency reports, the steps for which are listed below-

Find out Loans in your Name using Equifax

• Visit the official website of the Equifac and click on the “Get FREE Credit Report” option
• Now, a form will appear where you’ll have to provide your details like name, email, mobile number, etc.
• For email and Mobile numbers, you’ll have to authenticate them using the OTP sent to your email and mobile phone
• After verification, you’ll have to further provide details like creating a new password, address, PAN Card number, and other details followed by clicking on the submit button
• Now, you’ll have to log in to your account using newly created login credentials
• After logging in, click on the “Run a Free Credit Report” button your credit report will be prepared and you’ll be able to see all the loans active in your name

Find out Loans in your Name using Experian

• Visit the official website of Experian and click on the “Free Credit Score” button followed by Register button
• Now, you’ll have to enter your mobile number to verify your OTP followed by creating a password for logging in
• You can log in using your login credentials followed by verifying the OTP again
• After logging in, click on the “Free Credit Score” button your credit report will be prepared and you’ll be able to see all the loans active in your name

Find out Loans in your Name using CIBIL

• Visit the official website of the CIBIL and click on the “Get FREE Credit Report” option
• Now, get yourself registered by using your name, address, email, mobile number, PAN Card Number, etc.
• By providing all this information, you’ll be able to get yourself registered and create the login password as well
• Now, you’ll have to log in to your account using newly created login credentials
• An OTP will be sent while login in, which you’ll have to provide to verify followed by clicking yes on whether you want to pair the device or not
• After logging in, in the dashboard, you’ll find the CIBIL Report button which you’ll have to click to open your CIBIL Report
• There, you can find the print credit report button which you’ll have to click to find all the detailed information on your credit report
• You can use the credit report to view all the loans that you may have on your name in that report

What to Do in Case of Unauthorized Loan On My Credit Report?

In case any unauthorized loan shows up on your Credit report, you can tackle it on two fronts. The very first step is to raise a dispute with the credit rating agency itself.

Sometimes, the credit rating agency may not have updated the credit report which may show your old loan account as active, this is a small glitch on the credit rating agency side which can simply be solved by raising the dispute or updating the credit report.

If the loan request that is showing up is not yours then you’ll have to report it to the credit agency and also the bank where the loan is active.

In the credit report, you’ll find the details of the loan with the loan account number, amount, etc. with these details, you can contact the bank or visit the bank directly and talk to them regarding an unauthorized loan in your name.

Alongside, you’ll also have to file an FIR with the cyber cell of your local police station regarding the fraud loan in your name. After following these steps, you’ll have to wait for the investigation to be completed and follow the bank and police advice on how to tackle it further.

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