SCAM PREVENTION
How to recognise and avoid loan scams.
Treat an offer as high risk if someone promises approval without assessment, asks for upfront payment, requests an OTP or PIN, communicates only through a personal number, or uses company and licence details that cannot be matched. Stop, preserve evidence and verify independently through official sources.
KPKT identifies upfront charges, misleading advertising and misuse of licensed company names as warning signs to watch for.
Common warning signs
Scams often use time pressure and fear of missing out.
- Guaranteed approval without assessment
- Processing fee or deposit before an agreement
- Requests for OTP, PIN or bank access
- Payment to a personal bank account
- Company name and phone details do not match
- Threats after documents are sent
If information has already been sent
Stop contact and save messages, phone numbers, receipts and bank accounts. Contact the bank immediately if banking information or money is involved, and report the matter to the relevant authorities.
Reduce the risk
Check through i-KrediKom, read the complete agreement, never sign a blank document, and obtain a copy and receipts for any genuine transaction.
Use the 18% calculator
Review educational estimates for different amounts and terms before proceeding.
Use the 18% calculatorFrequently asked questions
Is every upfront fee automatically a scam?
Do not pay charges that are not explained in an agreement and independently verified. Check permitted charges through official sources.
What if someone asks for an OTP?
Do not provide an OTP or PIN. Stop the conversation and contact the bank if the account may be at risk.
Can scammers use a licensed company's name?
Yes. KPKT has warned about misuse of names, logos and licences belonging to licensed companies.
Official sources
Related guides
CariPinjam is not a lender and does not guarantee approval. This information is general.