The arrested accused have been identified as Sumit, a resident of Rohini in Delhi, Ashok, residing in Bawana in Delhi, and Aakash, a resident of Farukhabad in Uttar Pradesh, police said.
The three were arrested last evening after a complaint was filed by one Vakildeen, a resident of Nathusari Chopta in Sirsa, they said.
Vakildeen, who runs a clinic, received a phone call from a person who introduced himself as a representative of a company and said that he could help him get a loan of Rs five lakh, police said.
Police have recovered the cheque and the form from the accused.
During interrogation, the accused revealed that they used to trap people on the pretext of providing loans and then dupe them by doing their insurance and thereby earning huge commission.