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.

icon_cases_reported

OF CASES REPORTED
icon_worth_lost

$

WORTH OF MONEY LOST
image_advices
  • 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 to 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

How to protect yourself

RELATED SCAM STORIES

Showing 6 of 103 Stories
Showing 6 of 30 Stories
05 Aug 2020

Don't take respond to adverts offering loans!

Today, at 2.00pm, i received a call from +65 9749038?, which i clearly knew was a scam call. It was first an automated voice, which said, "hello, good afternoon. We are a credit loan company that offer…...

25 Jun 2020

Beware of unlicensed moneylenders or scammers offering loans online!

I APPLIED for a loan when I came across an advert offering personal loans on Facebook A person contacted me via whatsapp and assured me a loan of 25000$ and took my s-pass copy and payslips. then he asked…...

27 May 2020

If you received messages offering loans, ignore and block it

Over the last 3 days i have received 3 separate offers for financial assistanT thru Whatsapp & SMS PLATFORM, i bElieve they Are loan scam THEIR CONTACT DETAILS AS FOLLOWS 1. Person/business loan from…...

27 May 2020

Don't respond to any forms of adverts offering loans!

I reeived an SMS offering loans, got attracted to it and contact the number for enquiry. The process carry on in WhatsApp chat. I was asked to give snap shot of my NRIC, prove of Address and bank acc…...

26 May 2020

Do not respond to loan adverts!

na, received sms loan proposals. "IM Kenny from quick credit. a high approval up to 99.99%. we provide with many types of loans whatsapp 91041800 for more detail"...

25 May 2020

Do not respond to loan advertisements! Licensed moneylenders are not allowed to advertise their services

I reeived an SMS offering loans, got attracted to it and contact the number for enquiry. The process carry on in WhatsApp chat. I was asked to give snap shot of my WP, prove of Address and bank acc to…...

Have you encountered a scam?

Share your stories. Help create awareness.
Share Your Story