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 62 Stories
Showing 6 of 30 Stories
09 Jan 2020

I was harassed after responding to advert offering loans

I responded to a text msg which offer loans for a very low interest rate and over 5 years. the person is johnny who claimed to be from sal credit pte ltd. i enquired for a loan, johnny urged me to submit…...

09 Jan 2020

I received an automated voice call from "DBS"

Automated voice (both in english and chinese) saying there was something abnormal with my DBS bank account and it was going to be shut down, press 3 for further information. Upon checking, I realised…...

07 Jan 2020

Visit the Licensed moneylender directly for loan

I am a victim of loan scam. I actually did contact the licensed money lender Power Credit to enquire on a business loan and coincidentally received a text from a guy who confirmed he is from the company…...

04 Jan 2020

Loan scam: Scammer used fake screenshot to fool me

I saw a loan Advertisement on Facebook and click interested. Shortly after, a man named lexus WhatsApp me to ask more details eg. Loan amount, salary, ic, cpf statements. He mentioned he will process…...

30 Dec 2019

Don't respond to the messages offering loans

Received a Whatsapp message regarding loan tenures at a lower interest rate on the 29th dec 2019. My husband was showed interest for 50k loan and at this point we didn't suspect anything fishy. Since…...

25 Dec 2019

I received phone calls from moneylenders and DHL

I had received phone calls from some unknown man asking me whether I need a loan . Calls were made from private numbers . Yesterday was the most recent one . I just received few minutes ago from 6517-2616…...

Have you encountered a scam?

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