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 176 Stories
Showing 6 of 30 Stories
18 May 2022

Don't respond to loan advertisements

100% of all online loan offers are either illegal, scams or loan sharks. I met my scammer on locanto sg. instead of asking victims for upfront fees, they have reversed tactics now. insisted to deposit…...

16 Apr 2022

Caller pressed me to take up a loan even though I didn't need it

I received a voice call mentioning loan service (borrow 1K return 1k with less interest) and continued to talk very long and I asked the caller where he got my number, he mentioned he got it from rick…...

16 Apr 2022

I lost over $4k to a loan scam

So I saw on social media that there is this bridging loan from government, I was thinking, might be good to have some money to tie through. I clicked and they directed me to a guy call “Andy”. They said…...

29 Mar 2022

I lost $30k to a Loan scam

Very attractive msg offering quick loans, when u click link, it brings to one Danny, sounds young, not conversant in english, he ask for your NRIC front & Back plus names of 2 family members to submit…...

07 Mar 2022

小信借贷骗局！

一开始因为看到whatsapp来可以低利息贷款所以就抱着试看看的心态去加骗子leslie来自（JM FINANCIAL PTE LTDlicense 201810825 所谓的公司）询问。然后骗子就讲一些很好听的话哄骗我，我也承认当时我很笨很傻把自己的资料给对方，对方甚至还VC验证（看不到对方的脸然后VC不到1分钟就挂了）后面就像大多数人一样说要做什么转账记录然后还律师费等等，还发了一些合同过来，后面发觉不对劲我就讲要cancel，骗子却要我支付600（原本1100可是我一直讲我本来就已经没有钱了现在只想cancel）还威胁恐吓说不还就去找我父母去我工作的地方闹，后面我就讲还完600就真的没有钱在还别的，骗子也讲还完600就确定没有了，可是到接近日期的时候不给我户口，我一直问刚开始骗子还好言好语后面发户口给我过后就不一样了，我还完600过后我就直接举报然后封锁那些，骗子隔了两天还发信息去我的手机，叫我联系他们，手机还放着（JM…...

19 Jan 2022

Do not respond to SMSes offering loans

I came across an sms for loan at an affordable rate as my new house is coming.. going to renovate so need some extra funds. The guy robert lee said to take a 20k i will need to take a small test loan…...

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