Fraud Alert – Zolve Loan Scam Experience
I had a very disturbing and unprofessional experience related to a loan application with Zolve.
A person named Shrikant Prasad, who introduced himself as a Zolve employee, approached me regarding loan approval. During the conversation, he demanded ₹20,000 as a “commission” and clearly said that this money was required to get my loan approved.
He also said:
This discussion should remain strictly confidential
If I do not pay ₹20,000, my loan application would be rejected
This raised serious red flags. I immediately checked with my friends and other reliable sources, and they confirmed that Zolve does NOT charge any commission for loan approval. This means the person was trying to commit fraud using Zolve’s name.
If I was not alert, I could have easily lost my money. This is a clear case of attempted fraud, blackmail, and misuse of a company’s brand name.
Zolve management must take strict action against such employees, otherwise more innocent customers may get cheated.
Customers should be extremely careful — no genuine loan company asks for commission or personal payments.
Because of this experience, my trust in Zolve has been badly affected.
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Zolve is a cross-border fintech that aims to create a financial world beyond borders that provide equitable access to global financial products on a single, new-age platform. Our cross-border capabilities enable individuals to save money and invest it further, helping them be financially free to pursue their ambition.
