You can make forged bank statement to avail a loan. Lying on a loan application may seem harmless, but even if a lender does not verify every piece of information, it is still considered fraud.Giving false information on a loan application to boost your chances of getting approved causes more harm than good. I submitted it to Bank A in digital format so as not to make it obvious that I just photoshopped it. Loan fraud is a tricky scam where criminals use personal information to get illegal loans. It comes in various forms, like mortgage and payday fraud. Scammers can use your information to commit identity theft, open fraudulent accounts or make unauthorized transactions. The main indication that a personal loan offer is possibly a scam is if you receive a phone call, text message, or other direct communication making the offer. Inscribe uses rulesbased fraud detection capabilities and machine learning to generate a full analysis of the legitimacy of an application document. Their motive is to conceal the loan's actual cost.