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

Showing 6 of 157 Stories
Showing 6 of 30 Stories
26 Jul 2021

Beware of this new "Friend" scam

A friendly guy called from this +658041139? and said can i remember him. I said are you sky and he said yes. He said this is his new mobile nos. And asked me to delete his old nos. And saved this new…...

09 Jul 2021

I lost $5,000 to loan scams.

I was searching for money lender online to find one that was at lower interest and can be able to give a longer loan tenor he name himself as James from oasis 1 credit pte ltd and when you google search…...

29 Jun 2021

Beware of loan scams

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24 Jun 2021

Beware of Loan scams

Receive a call from +65 66028227, claimed that he is a financial administrator from mwa capital. I need to take up a loan of $9000, and he said that I need to pay $1800 for bond payment before I can get…...

16 Jun 2021

Do not respond to loan advertisements!

Was contaCted by ray via whatsapp regarding a loan offer. As i was in urgent need of money i started to enquire more and sent my Payslip, Identification details as well as my bank account number. Was…...

15 Jun 2021

Do not respond to advertisements offering loans

saw some fb ads stating some personal loan was looking some loan recently for startup capital then connect with someone name top one credit and provide whatapps number 86982114 at first i stated i will…...

Have you encountered a scam?

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