IN SHORT: Scammers are increasingly relying on ads offering fake loans to try to scam the unsuspecting public. This Facebook page uses the same tactics.
They all ask users to make their application directly over WhatsApp or through Facebook Messenger.
But are the loan offers legit? We checked.
Fake loan offers
The page’s supposed business is not branded. It is missing crucial elements, such as a logo and colours, that usually identify a legit business. Its ads contain grammatical errors and use the same photos over and over. This is a red flag.
The page also doesn’t link to any website. This is another red flag since legitimate financial service providers usually have websites or apps where customers can get more information about their services and make transactions.
When we contacted the page asking for a loan, we were told that the amount we asked for attracts a KSh150 fee to be paid before accessing the loan.
This is a common trick used by scammers. They offer nonexistent loans and when users express interest, they ask them to pay “registration”, “unlocking” or “activation” fees. They then take the money from the user but don’t issue any loan. Reputable lenders rarely ask you to pay money before they give you a loan.
All signs point to the loan offers being fake and that the page should be ignored.
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