A woman has been charged with fraud after police discovered she had allegedly obtained more than $1.3 million in fraudulent motor claims and loans.

Between September 2010 and December 2010, police will allege the woman lodged 46 motor equity insurance claims which had a combined total of $509,000.

The woman allegedly set up a bank account under a false name which she used when lodging the claims.

It is further alleged that in December 2010, the woman applied for, and was granted, a home loan of $720,000. Again it is alleged the woman used the false bank account to apply for the loan.

Following exhaustive inquiries, City Central Detectives today arrested the woman at a home in Gladesville.

She was taken to Ryde Police Station where she was subsequently charged with 10 counts of fraud.

The 31-year-old was given strict conditional bail to appear at Downing Centre Local Court on 20 July 2011