In today’s day, getting a better guide on loans is very tough in a crowd of scammers.The total loss from loan scams in India is difficult to estimate , as many cases go unreported.Loan Scammers make their prey who are in financial and medical emergency or have bad cibil report or in desperate need of money or recently lost their jobs or want to start a new business etc. The scammer makes fake websites or companies where they always create lucrative offers for loan.When a customer applies for loan they first ask for money as Processing Fees and after receiving the money scammers would disappear.