Personal Loan from UK

[warrior_saga]

My friend has just came across a website that offers personal loan from the UK.

He applied for a loan of USD50K (via email) & it's been approved in 24 hrs! Before the final disbursement of the loan, the agent requires my friend the followings:
1. sign the loan agreement & send it back via email
2. provide a bank account for the disbursement of the loan
3. provide a passport size photograph

My friend has not seen the agent before. He called the agent on his hp (UK number) to verify & is able to contact him. The agent can even read out the details & infos mentioned between their emails. At this stage, my friend was told that he need not pay anything yet; the insurance fees will be borned by the lender. Does it sounds too good to be true?

The interest rate is 2% per annum & the repayment period are 5 years.

I have advised my friend to consider carefully but he told me that he got nothing to lose as the other side did not ask for any payment yet. The only concern is whether or not to sign on the loan agreement (scam, trick or any future implications)?

So far, I have not heard of anyone in Singapore that manage to get personal loans from UK.

So guys, what do you think? Is it a scam? Maybe the agent will request for payment in the later stages BEFORE the loan is released? Or will my friend be bound by the loan agreement whereby there might be some complicated legal issues?

 

[pia]

My friend has just came across a website that offers personal loan from the UK.

He applied for a loan of USD50K (via email) & it's been approved in 24 hrs! Before the final disbursement of the loan, the agent requires my friend the followings:
1. sign the loan agreement & send it back via email
2. provide a bank account for the disbursement of the loan
3. provide a passport size photograph

My friend has not seen the agent before. He called the agent on his hp (UK number) to verify & is able to contact him. The agent can even read out the details & infos mentioned between their emails. At this stage, my friend was told that he need not pay anything yet; the insurance fees will be borned by the lender. Does it sounds too good to be true?

The interest rate is 2% per annum & the repayment period are 5 years.

I have advised my friend to consider carefully but he told me that he got nothing to lose as the other side did not ask for any payment yet. The only concern is whether or not to sign on the loan agreement (scam, trick or any future implications)?

So far, I have not heard of anyone in Singapore that manage to get personal loans from UK.

So guys, what do you think? Is it a scam? Maybe the agent will request for payment in the later stages BEFORE the loan is released? Or will my friend be bound by the loan agreement whereby there might be some complicated legal issues?

sounds like a scam. They'll probably ask for admin fees before "disbursing" the loan, only that they will never do, and ur friend will lose his admin fees money.

 

[VIBGYOR]

So guys, what do you think? Is it a scam? Maybe the agent will request for payment in the later stages BEFORE the loan is released? Or will my friend be bound by the loan agreement whereby there might be some complicated legal issues?

worse case is the uk guy use his information to apply a loan for himself...identity theft.

 

[warrior_saga]

worse case is the uk guy use his information to apply a loan for himself...identity theft.

That is a possibility, but the loan will be disbursed to my friend's bank account. So how will the faker be able to get hold of the loan?

 

[VIBGYOR]

That is a possibility.

Con men always like to prey on people who are greedy...

Remember that...

Hmm...maybe they are using his photo to make fake SGP passports for some Allah Akbars to enter US without visas to give Obama a surprise party.....LOL...

 

[warrior_saga]

That's a good one, bro.

 

[kaipoh]

They will ask your friend to pay an insurance premium at $x/- before the loan be released, once they received the insurance premium the deal had completed and your friend have to travel to the moon to get the loan, ha ha ha.

 

[SIFU]

now credit crisis.. u believe bank will give 50k loan just like that

 

[tima81]

it takes at least 3 working days if you are borrowing from Singapore's bank, can't believe that a bank in UK will loan out 50k within 24hrs. There is no free lunch in this world.....

 

[TheBonerman]

Con men always like to prey on people who are greedy...

Remember that...

Hmm...maybe they are using his photo to make fake SGP passports for some Allah Akbars to enter US without visas to give Obama a surprise party.....LOL...

Analytical Tee Kee. And I thought you are just another Bible totting jerk!

 

[VIBGYOR]

it takes at least 3 working days if you are borrowing from Singapore's bank, can't believe that a bank in UK will loan out 50k within 24hrs. There is no free lunch in this world.....

i am also surprised, after a credit collapse...

still get get credit so easily?

 

[Hope]

My friend has just came across a website that offers personal loan from the UK.

He applied for a loan of USD50K (via email) & it's been approved in 24 hrs! Before the final disbursement of the loan, the agent requires my friend the followings:
1. sign the loan agreement & send it back via email
2. provide a bank account for the disbursement of the loan
3. provide a passport size photograph

My friend has not seen the agent before. He called the agent on his hp (UK number) to verify & is able to contact him. The agent can even read out the details & infos mentioned between their emails. At this stage, my friend was told that he need not pay anything yet; the insurance fees will be borned by the lender. Does it sounds too good to be true?

The interest rate is 2% per annum & the repayment period are 5 years.

I have advised my friend to consider carefully but he told me that he got nothing to lose as the other side did not ask for any payment yet. The only concern is whether or not to sign on the loan agreement (scam, trick or any future implications)?

So far, I have not heard of anyone in Singapore that manage to get personal loans from UK.

So guys, what do you think? Is it a scam? Maybe the agent will request for payment in the later stages BEFORE the loan is released? Or will my friend be bound by the loan agreement whereby there might be some complicated legal issues?

Ask him to check out how people lost money to Nigerian scums.

Obviously yr friend is one knows little not much.

 

[warrior_saga]

Why does the OP not show us the website? Is this a joke?

There is a possibility that the loan money will never come, but you already signed the load and therefore liable to pay.

There is a website that lists the lender's instituation, address & contacts. The url is http://www.searchme4.co.uk/dir/loans_4.htm

Just wondering, how true it is?

 

[singveld]

those nigerian will find a way to con your friend. if it is easy to figure out, then it will not be a good con.
singapore kids try to compete by exam grads, the nigger compete with each other, who has the better con.

 

[VIBGYOR]

those nigerian will find a way to con your friend. if it is easy to figure out, then it will not be a good con.
singapore kids try to compete by exam grads, the nigger compete with each other, who has the better con.

unfortunately to con a sinkie is not too difficult...

that's why cheating cases have been going up...

hmm....i wonder if 66.6% has got anything to do with it?

 

[singveld]

unfortunately to con a sinkie is not too difficult...

that's why cheating cases have been going up...

hmm....i wonder if 66.6% has got anything to do with it?

No, it can happen to anyone.

the con keep changing. even if you are careful, you may still get some. but some ground rule, if the person you are doing business online by phone sound like african.

Forget it, it is a line to Nigeria, and it is a 100% CON.

 

[VIBGYOR]

No, it can happen to anyone.

the con keep changing. even if you are careful, you may still get some. but some ground rule, if the person you are doing business online by phone sound like african.

Forget it, it is a line to Nigeria, and it is a 100% CON.

wah u say like that, my Christians Nigerian friends will not be happy....

 

[singveld]

true there might be good nigerian who are chrisitian.

But ask them about some of their country men who con money around the world using internet cafe from nigeria. Ask them if they know them and is there a lot of them?

 

[allanlee]

It's real....... the other guy is applying the loan on your friend's behalf that is why he needs the signed documents........ but the $$$ will NOT be coming to your friend and he ends up servicing the loan.

 

[warrior_saga]

I have told my friend to give up the loan; it's a scam. I think he will do so, after hearing some many negative views about the loan.