Thereafter many members gone scam after taking loan.You can See if you Run-through the loan list.
When a lender is unsure of the borrower or has a doubt that something may go wrong later, they request a collateral. Collateral helps keep both lender and borrower safe, the lender can pawn the collateral in the case of defaulting of the loan, the borrower would like to claim back the collateral as it will at least be 15% higher priced to that compared to their loan and interest.
Follow simple precautions, and you wont be scammed