Loan Scam

WHAT IS A Loan Scam?

SMSes or WhatsApp messages are sent offering loans and loan services to random users. The scammers may claim to be staff from a licensed moneylender. Interested parties are instructed to transfer money as a deposit before the loan can be disbursed. After making the transfer, victims find that the scammers are no longer contactable. As part of these scams, the scammers may ask for personal information like NRIC and contact numbers, Singpass details and bank account numbers. When handed over, the information is used to harass or threaten victims for payment.

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  • Ads that reach out to you through social media, SMS or messaging apps or even cold calls
  • Fake business websites might be created to convince you that they are legitimate
  • Instant, fuss-free loan approvals
  • Requests for fees

What you should look out for

  • Ads that reach out to you through social media, SMS or messaging apps or even cold calls
  • Fake business websites might be created to convince you that they are legitimate
  • Instant, fuss-free loan approvals
  • Requests for fees

What you should do

RELATED SCAM STORIES

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20 Jan 2021

Beware of scam messages!

Received text message from ken lim "Claim he from DBS bank" ask me to transfer money to ap credit under ocbc account of $210 ( for gst govt) Therefore i keyed in wrong remark told me to pay penalty of…...

24 Dec 2020

Only contact licensed moneylenders!

I was in need of cash so I went to search for Fast cash in gooGle. CAme out this website that looks legit from a licenced moneylender. Fill up the particulars and a guy name "SKY" called me up and we…...

19 Dec 2020

Beware of loan scams!

I was looking for a loan, made a few applications online. Someone FROM "G? credit" contacted me direct on whatsapp, but not the real G? Credit. They lied about the Loan terms to get a signature on the…...

11 Dec 2020

I lost $24k to Loan scam

Please share with your love one - it all started when i receive a text message with a link attached to it as such i click on it and it direct to a whatapps page where i have to chat with a guy name Darrel…...

02 Dec 2020

合法借贷公司不能通过SMS或WhatsApp简讯推销借贷服务

我在网上找到了借贷公司,我在他们的网站上填写了在线表格。过了不久他称自己是在Credit 8?打来的。他们与我联系讨论贷款。但是,我发现他们具有很强的马来西亚口音。 我说我要借2万,借贷人就说帮我安排,资料都发了过去给他,过了不久那人就打回来说我可以贷款,但是我需要先付10%的压低钱,他说这是MAS规定的,我听了有一点点奇怪但是又说要他弄好合约给我看,看完了我把合约签了发回去,于是我就准备过账给他。等了几个小时他发户口号码来了,我就过账给他,但是很幸运的就是一直过不到,系统提示户口无效。我感到不对劲了,就直接GOOGLE找,刚好找到这个网站,点了一个新案例是跟我同一间公司的。我就知道受骗了。…...

07 Nov 2020

Beware of Loan scams!

Interest Rate @ 1.10% 10K=$175 x 60 mth 30K=$528 x 60 mth 150K=$1884 x 84 mth 250K=$3140 x 84 mth Press Below link 4 info https://wa.me/6590572554 (Scammer's number) Above is the first. after contacting…...

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