PAN Card Fraud Alert: How to Check in Minutes If a Fake Loan Exists in Your Name
Authorities have issued a fresh warning to taxpayers and loan applicants about rising instances of PAN card fraud, where criminals use stolen or forged PAN details to take loans or credit in someone else’s name. Such fraudulent activities can seriously damage your credit score and create long-term financial complications if not detected early.How the Fraud HappensScammers often:· Use your PAN card number to apply for loans or credit cards· Submit fake KYC documents to banks or NBFCs· Evade detection until you notice sudden credit inquiries or loan defaults in your nameVictims sometimes discover the fraud months later, after receiving legal notices, collection calls, or credit report warnings.Quick Steps to Check for Fraudulent Loans1. Check Your Credit Reporto Access your CIBIL, Experian, Equifax, or CRIF High Mark report onlineo Look for loans or credit cards you didn’t apply foro You are entitled to one free credit report per year from each bureau2. Verify Loan Records via PFMS / bank Portalo Some government and financial institutions allow PAN-linked loan checkso Look for discrepancies in approved loans or sanctioned amounts3. Alert Your bank and NBFCso If a fraudulent loan is detected, immediately inform your banko Submit a written complaint along with PAN proofo Request the loan to be blocked or marked as disputed4. Report to Authoritieso File a complaint with Cyber Crime Cell or local policeo Report to the Income Tax Department for PAN misuseHow to Prevent PAN Fraud· Never share PAN card details casually· Keep your documents secure· Regularly monitor your credit report· Opt for two-factor authentication on online banking and financial portalsWhy Prompt Action MattersPAN-based fraud can escalate quickly: it can lead to loan defaults, blacklisting, or even legal complications. By checking your credit report and loan records proactively, you can catch fraudulent activity early and prevent damage to your financial reputation. Disclaimer:The views and opinions expressed in this article are those of the author and do not necessarily reflect the official policy or position of any agency, organization, employer, or company. All information provided is for general informational purposes only. While every effort has been made to ensure accuracy, we make no representations or warranties of any kind, express or implied, about the completeness, reliability, or suitability of the information contained herein. Readers are advised to verify facts and seek professional advice where necessary. Any reliance placed on such information is strictly at the reader’s own risk.