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

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

What you should do

RELATED SCAM STORIES

Showing 6 of 154 Stories
Showing 6 of 30 Stories
24 Jun 2021

Beware of Loan scams

Receive a call from +65 66028227, claimed that he is a financial administrator from mwa capital. I need to take up a loan of $9000, and he said that I need to pay $1800 for bond payment before I can get…...

16 Jun 2021

Do not respond to loan advertisements!

Was contaCted by ray via whatsapp regarding a loan offer. As i was in urgent need of money i started to enquire more and sent my Payslip, Identification details as well as my bank account number. Was…...

15 Jun 2021

Do not respond to advertisements offering loans

saw some fb ads stating some personal loan was looking some loan recently for startup capital then connect with someone name top one credit and provide whatapps number 86982114 at first i stated i will…...

06 Jun 2021

Beware of loan scammers

Approached by this number 8415511?, via whatsapp stating that i had been requesting and applying loans from their company website via fb. i replied stating that i do not need any loans, he started to…...

18 May 2021

Beware of loan scams

I needed a loan and submitted my name & contact to a few companies found on Advertisement online. Benson from Tan and Jiang Enterprise Pte Ltd contacted with me under these number 8255 938? and 6978 841?,…...

10 May 2021

I lost over $4k to loan scam

I needed a loan and submitted my name & contact to a few companies found on google. Josh from s g credit called & asked for my ic pic & finance personal info After approving my loan, we discussed & signed…...

Have you encountered a scam?

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