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HOW TO ENSURE YOUR DOCUMENTS ARE SAFE WITH LENDER?



Nowadays, loan is a go to debt consolidation tool that come handy while financial crunch, planning a business expansion and upgrade or fueling up the expenses that arises sudden of any emergency. Most of the people apply for a loan as they are easily available online on different digital lending platforms. A number of lenders with the help of digitalization have made these loan schemes easy to avail and make it sure to provide you the liquid funds within few minutes.

However, it has been an easy process now but a plethora of queries come around authentic lenders whether it’s about safety of personal details and cyber security. Here, we help you to understand what lenders need in hand to process a loan application and how secure it is to provide your data and documents to a lending institute. Nevertheless, you take precautions; the risk regarding your personal information may prevail.

We have formulated this blog post to impart the necessary information regarding the authenticity of the lender. Therefore, here’s what you can do on your behalf to ensure that all your data is in safe hands:

  • Credibility of lender: Before you "Apply For Loan" with any of the lender, one must ensure the fact whether the lending institution he/she has approached is authentic and is registered with the necessary regulatory guidelines. Moreover, it is also good to check the online presence of the platform to be sure about the credibility of bank or NBFC. The social media account, website and reviews on the lender’s site can help you to check whether the lender is genuine and trustworthy.
  • Medium of communication: Make sure to choose a safe medium of communication with the particular lender while sharing your personal and financial details i.e. Email. To be more secure, one can password protect their documents so that lender can ask you for the same. In this way, you can be very sure that your personal data will not be misused in future.
  • Secure lending app and website: One must properly go through the lender’s profile and website thoroughly before he/she "Apply For Loan Online" or offline in the first place. A genuine lending platform has listed all the terms of use, privacy policy and security policy in their format. Being a wise borrower, one must ensure that he/she has read through all these policies carefully before sharing their data on specific website. Once you are sure about the credibility of the lender and lending website, you may proceed to provide your details.

Keeping in mind about the sensitivity of the borrower’s information, ShubhBank takes mandatory steps to ensure data security measures as well as follow end to end application process with the help of advanced technology. Our website ShubhBank.com is a safe platform to upload your documents as we ensure the borrower’s data is safe with us. We aim at providing an easy, transparent and convenient loan application process as well as delivering a smooth customer experience across your loan journey with us.


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