I received a WhatsApp message with attractive loan package. 5k for 20months @ $275. I send them my IC and payslip loan approved in few hours but there is a clause they will need to pay a loan tax of $200. They transfer $500 3 days later transfer back $500 + $200. I believe in them. 3 days down the road I find in very suspicious. Call the mobile no. "Not in used" ask them for office number they mention all contact by WhatsApp. I have transferred back the amount of $500. Now they keep messaging asking for the interest of $200 changing their statement to test loan and scold vulgarities and all types of threaten warning.

Editor's Note: Don't reply to adverts offering cheap loans found on social media (such as Facebook), sent via SMSes or messaging apps. Licensed moneylenders are NOT allowed to advertise their services on these platforms. Some unscrupulous criminals will claim to be from licensed moneylenders to trick you into replying them, so please call the official companies found on Ministry of Law's website at:

https://rom.mlaw.gov.sg/information-for-borrowers/list-of-licensed-moneylenders-in-singapore/