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
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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
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What you should do

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RELATED SCAM STORIES

Showing 6 of 140 Stories
Showing 6 of 30 Stories
04 Apr 2021

I lost over $6k to loan scam

Incident took place after searching online and applying interest in getting a legit loan for investment. Contact personnel was via whatsapp and seemed legit but after transferring some "processing" fees,…...

28 Mar 2021

I lost $4,700 to loan scam

I got a message from this scammer that u need loan u can contact us. After that ,this moneylender saying they approved my loan of 10k, after I send my IC, bank & cpf statement. After that he say cause…...

27 Mar 2021

Moneylender turned out to be a scammer

Need some money for my bill, saw online this dio credit so fill in the enqury for loan. Next morning someone contact me through whatsapp and from here will ask to provide ic front & back, cpf statement,…...

25 Mar 2021

Beware of fake moneylenders

My husband forward me this person’s handphone no. 8159 8328 (issac ng) on 20 mar 2021. He texted him and said he is from qvcredit moneylender company. We are looking for loans for our renovation loan…...

22 Mar 2021

I lost $6k to Loan scam

I saw this company on internet. They claim can get approved within 1hour so i chose it, after i apply loan on website they reply me by whatapps say need my personal details. After all this they (admin)…...

19 Mar 2021

Beware of fake moneylenders online

I was looking for a loan on the internet and I found A money lender that seemed to be genuine, I enquired, and they offered good rate, so I agreed, they kept making me pay this fees and that fees, And…...

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