I was contacted by Nxxxx Lee, a consultant from XX Credit Pte Ltd, after approaching them for a loan. As part of the loan, I had to provide my particulars and pay an initial processing fee.

After making this initial fee payment, I started receiving emails from UOB (banking.alert@uob.com), MAS (info@mas.gov.sg), OCBC (banking.alert@ocbc.com) and ISD (isd_feedback@mha.gov.sg) requesting for various type of fee/tax payments before I could receive the loan amount.

I realised later that all these were phishing emails, not sent by these organisations at all!

All in all I have paid a total fee amount of $86,777 across multiple transactions to various “agencies” for a loan amount of $200,000. Till date I have yet to receive any money from the consultant or the company.

Editor's Note: Please note that unlicensed moneylenders can impersonate as licensed moneylenders by creating fake websites using their details. Please contact licensed moneylenders via the contact details and visiting only the websites found in this list https://rom.mlaw.gov.sg/files/ML%20Lists/ML%20List%20as%20at%2001March2021.pdf. Licensed moneylenders are not allowed to approve loans remotely.