Have you ever received a unsolicitated email in your inbox or junk folder from a stranger that he / she can offer loan for interest rates as low as 2% and without any guarantee or documentation?
Well its fraud and never reply to such emails.
Lately scammers have been using this new method of duping people. They will offer easy online loans. Ask you for your personal information , send you some forms to fill up, then they will email you some official documents attested by notory or the government office in order to convince you that the company offering loan is real. Eventually they will ask you to transfer a small fee of $250 or even $100 to their bank or by western union. Thats all that they intend to do, therefore dont ever fall into such trap.
I have also come across some scammers posting to offer loans or business finance on websites like Quikr, Olx, India classifieds and some others.
Their email ids are very funny and one can easily tell that they are scammers.
Imagine a reputed bank having such kind of email ids…lol
Banks and financial institutions will always have an official email id and not some examples as given above.
However, its always better to visit the banks or financial institutions in your area to check the criteria to avail loans, you cant get loans online from strangers and people who you dont meet personally.
The scammers posting advertisements on Quikr & Olx will also give you the mobile numbers from India or your own country in order to convince you that they are existing in your country.
The names of the company which they provide is also fake and fictional. You will never be able to locate this company.
Following are some examples:-
You have received a reply to your Ad “I am looking to find a loans / insurance” on Quikr
Message: To whom it may concern:
I am Mr Ajay Kumar, the Managing Director of Financial credit solution, We offer a fast and reliable loan at 2% interest rate to individual and company willing to uplift their financial status.Contact US via email for application if interested only.
I relish the privileged of doing business with you.
Thanks God bless.
Mr Ajay Kumar.
Message: LOAN & FINANCES EMI INVESTMENT COMPANY
16-D Barakhamba Avenue,Connaught Place,New Bombay, 422009,India
Tel.+918879587028, Email:email@example.com,Motto: In God Trust
I am a Chief Executive Officer of this private loan company, we give out loans with a low interest rate of 3% to business firms, corporate bodies and private individuals.
I want you to send me the amount you need as a loan from our company so that we can process your loan application and let you know our terms and conditions for giving out loan.
You are also required to fill in the borrower’s information below which will enable us to process your loan application.
LOAN APPLICATION FORM.
Purpose Of Loan
Position In Work
Loan Amount Needed
You must get the above informations filled otherwise your loan will not be processed.
You shall be treated with the best of our resources untill you get this funds transferred to you ,and your quick and fast respond determines how fast you shall be receiving your loan.
Do get back to me soonest.
Thanks And Regards
BEWARE – NEVER REPLY