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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OF CASES REPORTED
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$

WORTH OF MONEY LOST
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  • Advertisements on messaging platforms. It is illegal for licensed moneylenders to advertise via SMS or WhatsApp.

What to look out for

  • Advertisements on messaging platforms. It is illegal for licensed moneylenders to advertise via SMS or WhatsApp.

How to protect yourself

RELATED SCAM STORIES

Showing 6 of 48 Stories
Showing 6 of 30 Stories
15 Nov 2019

Unlicensed moneylender credited money into my bank account without any agreement

This was happened yesterday,i inquire about a loan then they ask my ic bank account 2 reference number and payslip. Then later in the evening they just transferred 400sgd amount without my consent and…...

04 Nov 2019

Scammer harassed me when I didn't pay

I saw a advertisment for loan and texted back to ask for a loan. he ask me send my ic,payslip and 2 reference numbers to email him so he can process the loan. The person told me he will give me $700 then…...

20 Oct 2019

I lost $700 to Loan scam

1) Enquired with this person about loan as i was in a bit of financial difficulties then proceed on to ask me for my personal details. Later on told me my loan was approved but need to either pay deposit…...…...

20 Oct 2019

Loan scammer forced me to take a loan by depositing money into my account without my consent

At first i just inquire thru the website regarding how to make a loan. The next day, they whatsapp saying they are from legal moneylender and they want my applications. At first they dont even mention…...

18 Oct 2019

Scammer tricked me to check on a borrower

Enquired with this person about loan as i was in a bit of financial difficulties then proceed on to ask me for my personal details. Later on told me my loan was approved but need to either pay deposit…...

17 Oct 2019

Another story on unlicensed moneylending!

He offered me a loan and i said how much would the interest be? he said 30K 570x60 monthly u ok? i said what is the qualifications? He said how much your salary? Sent me your IC so that I could check…...

Have you encountered a scam?

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