Fake loans | Unpacking | Even a seemingly ordinary loan can be part of a questionable lending scheme.

When taking out a loan, pay attention not only to the amount offered, but also to the total cost of borrowing, fees, penalties, repayment terms, and payment details. Warning signs include unclear terms, promises of instant approval, requests for upfront payments, transfers to personal bank cards, or pressure to make a quick decision. Before accepting a loan, verify the organization, read the agreement carefully, and make sure you clearly understand how much you will have to repay and under what conditions.