23/01/2026
🚨 How to spot a loan scam (Important!)
If someone says any of these, be careful:
❌ “Pay upfront fee first, then we approve”
❌ “Send your Singpass / OTP”
❌ “We guarantee approval, no documents needed”
❌ “Fast loan but must transfer money first”
✅ A proper lender should explain clearly:
• interest rate
• repayment amount
• due dates
• late fees (if any)
Stay safe — it’s better to ask 3 times than get cheated once.
