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 165 Stories
Showing 6 of 30 Stories
17 Oct 2021

I lost $500 to a loan scam

I received a normal message about a loan offer.  I pressed and it opened a Whatsapp chat. In order to apply for the loan, I submitted my nric photo, Cpf statement and bank account details . Shortly, they…...

13 Oct 2021

I lost over $10K to a loan scam

I was for licenced moneylenders online and found lending bee (the fake one obviously). the admin, olivia lim, contacted me on whatsapp and ask information such as ic, payslips, CPF history and bank statement.…...

26 Sep 2021

I lost over $1500 to loan scams

我是马来西亚人在新加坡做工，因为疫情关系我已经一年多没有回家了，突然有一天看到他发简讯过来说可以分期付款的贷款，开始我有问有没有什么手续费的，他也说没有，就这样申请了，过后他说要交750什么开file的，我也交了，然后又说要交2个750才是，我也到处找人借钱来交750，过后又说新加坡政府说因为我是第一次申请所以要额外给2150新加坡政府才可以放款给我，讲了很久过后，我就去报警了...

23 Sep 2021

[New Story] - [email protected]

Received a text message saying that they are license money lender and also with a Whatsapp link to enquire with them. Gave them my personal particular such as ic photo, payslip and contact number. before…...

14 Sep 2021

Beware of loan scams!

At first, this guy mentioned that he is legit. So I gave in and share my personal details such as (ic front and back), CPF contributions and several contact numbers. It was suspicious already that I have…...

30 Aug 2021

"Licensed moneylender" turned out to be a scammer

I was looking for personal loan in the internet. I was searching for money lender online came across this contact and called this person (Zac/Zack/Jack/Jac) for loan. He told me they are licensed money…...

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