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

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29 Nov 2021

Never respond to loan advertisements

Received an SMS on my phone for loan promo , it sys PROMO RATE 1.6% then list the details for amount and X59 Repayment months It says pm bit.ly/AarontaN I check message details, it shows it came from…...

29 Nov 2021

提防借代骗局

我上facebook的广告,看到贷款的我就上网问了几问…后来他到WhatsApp我…就一直问要贷款吗?什么的…刚开始我问他们是合法的吗?他们说是…我又问有店面吗?有店面,但是他是负责online的…我就相信他…给了我的个人资料那些…公司号码…和地址…因为我想先十千…他们说因为我没贷款过…所以做个小贷款…试看我有没有能力常还…第一次说600新币先…进500新币进我的户口…每天还80新币的利息…大概还五天…就给我清账还600…结果还第五天了…我就直接进了清账600给他…他讲清账是另一个户口…不可以乱清账的…然后他又叫我开多一条账给他…不然我原本的账不能清账…我认倒霉吧…他说开多一条300的账给我…我就答应吧…结果不到十分钟…他又打来说…经理说只能开600的账…我也认了吧…我只想快快清账结速这些东西…结果我每天都还180块的利息…还能第12天…终于到清账时…他迟迟不给我清账的户口…差不多五点多了…突然我收到一个信息…威胁我和他们贷款…又发我的身份证号码…地址那些给我…叫我和他们贷款…这次300…进我户口100…每天还40…还五天…就给我清账…我就害怕…就想说反正我这里清账的话…这里亏一下…因为不想麻烦上身…我也害怕他们会对我家人不利…就答应了…结果这边一答应…不到五分钟…之前那个贷款的人就打来…说不能清账…因为我有另一个账…所以他们公司不给我清账…到了现在…我还了20天了…我一直和朋友借钱来还…我一直叫他们给我清账…他们就一直拖我拖我…一直说没户口…我现在每天要还180+40新币的利息……真心说一句…我们赚的也是血汗钱…如果还债还钱…我们认…但是这中…我感觉到了诈骗.…...

17 Oct 2021

I lost $500 to a loan scam

I received a normal message about a loan offer.  I pressed and it opened a Whatsapp chat. In order to apply for the loan, I submitted my nric photo, Cpf statement and bank account details . Shortly, they…...

13 Oct 2021

I lost over $10K to a loan scam

I was for licenced moneylenders online and found lending bee (the fake one obviously). the admin, olivia lim, contacted me on whatsapp and ask information such as ic, payslips, CPF history and bank statement.…...

26 Sep 2021

I lost over $1500 to loan scams

我是马来西亚人在新加坡做工,因为疫情关系我已经一年多没有回家了,突然有一天看到他发简讯过来说可以分期付款的贷款,开始我有问有没有什么手续费的,他也说没有,就这样申请了,过后他说要交750什么开file的,我也交了,然后又说要交2个750才是,我也到处找人借钱来交750,过后又说新加坡政府说因为我是第一次申请所以要额外给2150新加坡政府才可以放款给我,讲了很久过后,我就去报警了...

23 Sep 2021

[New Story] - [email protected]

Received a text message saying that they are license money lender and also with a Whatsapp link to enquire with them. Gave them my personal particular such as ic photo, payslip and contact number. before…...

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