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 161 Stories
Showing 6 of 30 Stories
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…...

21 Aug 2021

Beware of loan scams

I was looking for personal loan in the internet. I came across a website lendin? bee and to input the loan amount i needed and my contact. Then, I received a Whatsapp from the person called eric and…...

19 Aug 2021

Message SMS offering loan turned out to be a scam

I received a SMS text message about Money lending. A few days later I responded to the text to inquire about a loan. During the texting, I was asked to submit my  IC number and name. The person sent me…...

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…...

Have you encountered a scam?

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