Alert: Fraudulent Loan Scam Exploiting Al Khair Baitulmaal Co op Credit Soc Aurangabad Name

Al Khair Baitulmaal Co op Credit Soc Aurangabad -A woman in Hyderabad faced a potential scam when she received a call after applying for a loan. The caller claimed to represent Al Khair Baitulmaal Co op Credit Soc Aurangabad.

As the conversation progressed, the scammer promised her a loan of Rs 10 lakh.

The woman was told, “Give us 10 minutes, and your loan will be approved. The amount of Rs 10 lakh will be transferred to your account.” However, to proceed, she was asked to deposit Rs. 5399 into the scammer’s account.

The woman applied for a Rs. 10 lakh loan online, and surprisingly, it got approved within 10 minutes. She received a PDF file for the loan application.

To process the loan, she was asked to pay a fee of Rs. 1750. After checking the account name, IFSC code, and other details, the woman paid this amount online.

However, doubts arose when she received a fake email claiming to be from the RBI, sent by the scammer. The email stated that due to the large loan amount, it had been put on hold. To proceed with the loan, she was asked to pay an additional Rs. 5399.

After making the initial payment, she was asked to repay another Rs. 5399, which raised suspicion.

Upon investigation, the secretary of Al Khair Baitulmaal Co op Credit Soc Aurangabad clarified, “We don’t have any online products; all our products are offline.” He emphasized the importance of not believing everything seen online and warned against transferring money to unknown individuals over the phone. Stay vigilant and cautious!

On Facebook, some deceitful individuals are using the name and images of Al Khair Baitulmaal Society, pretending to offer financial assistance.

These deceptive individuals pose as representatives of Al Khair Baitulmaal Society and promise to provide loans. However, there’s a catch: they request upfront payment, typically around ₹1,750 or more. They come up with excuses, such as processing or security fees, but their real intention is to take your money.

To make matters worse, they send messages that appear to be from major banks like the State Bank of India (SBI). These messages create the illusion of loan approval, but it’s all part of their scheme.

These scammers also attempt to extract your personal information, like your phone number or financial details. This poses a risk because they could misuse your private information in harmful ways. Stay vigilant and be cautious about sharing sensitive details online.

Here are the details of Al Khair Baitulmaal Co op Credit Soc Aurangabad

Website: https://www.alkhairsociety.com/
Address: V8HC+72P, Markaz-e-Islami Building Yunus Colony, Maharashtra 431001

Al Khair Baitulmaal Co op Credit Soc Phone number: 0240 231 1073

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