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Individual offering a 3% loan, any amount, any length of repay time. Requires no collateral, no signature, everything done online. Information I'm required to supply:

  • Name
  • Country
  • City
  • Address
  • Gender
  • Age
  • Marital status
  • Monthly income
  • Name of your bank
  • Occupation
  • Phone number
  • Information about your bank account: made funds transfer. (REQUIRED)
  • Name of your bank
  • Account number
  • RIB
  • IBAN

His bank will deposit the money into my account.

This just sounds too good to be true, so it must be a scam. How can I make sure?

Cornstalks
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Michael Hopkins
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7 Answers7

79

It doesn't matter if the terms are a "fair deal" or are "too good to be true" — either way, it's definitely a scam. They are "phishing" for your personal information, including your banking information, and have no intention of giving you a loan.

How can I tell? Simple: all such offers like this everywhere are scams. There is no economic situation other than being a scammer to do this. Why would an individual put out their money to strangers at such a high risk for even a much, much higher purported return? They wouldn't.

mattdm
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15

It is a scam. Not only will it get your personal information, which could allow him to impersonate you (like, using your identity as the generous lender on a future scam), in order to fulfill the loan, a "small payment" for some documents will be needed. And next another for a certificate necessary for lending, and so on. Their goal is to get your money, not lending you any.

Aganju hit the nail: how would such person ensure that you will pay back, when he knows absolutely nothing about you? That would have been the #1 priority for someone that decided to invest using such unbelievable schema.

Ángel
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13

any amount, any length of repay time

Ask if you can have a billion dollars for a billion years.

On a more serious note, that would actually be horrible advice because your monthly payment ($2.5M) would be the same at 669 years, so any term longer than that would be literally throwing money away. Though, one could argue that 669 years compared to 668 is also throwing money away, since you'd be paying an extra $30M over the course of the extra year to lower your payment by just 1 cent per month, but who are we to judge...

TTT
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10

I agree with you: it sounds like a scam. Those terms are too good to be true.

Online, it is too easy to pretend to be someone you are not. When choosing a bank to work with, you need to be confident of its legitimacy. Make sure you have heard of it someplace other than their own website and can trust it. In this case, this isn't even a bank; it is just an individual stranger. I can't see how this could possibly be legitimate.

With the information that they are asking for, they could potentially impersonate you and steal your money. I would stay away from this.

Ben Miller
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Whenever you're not sure, you can always contact the regulatory agency in the location of the lender and see if they are registered. Organizations that lend out money tend to get oversight and have reporting obligations. Reputable banks in the United States will be a member of the FDIC.

However, without even looking anything up, I can already tell this is a scam. An actual lender would be required to identify who you are beyond a doubt (this is called KYC), and in addition would have to report your loan to some sort of tax authority. That means they must ask you for a tax identifier number of some kind, and would probably want your full date of birth instead of just your age.

John Wu
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3

How can I make sure?

You can't make sure.

Here is what is promised:

  • You give him a heap of personal details
  • He gives you a whole lot of money to be repaid one day at an unbelievably low interest rate

(Obviously things have to be done in this order).

Here is what will actually happen:

  • You give him a heap of personal details
  • You receive no money
  • He uses your personal details to impersonate you

The only way to "make sure" is to give all the information and watch the money disappear from your account. I advise against that.

Nick Gammon
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In the very unlikely event that it is not a scam, there would be a distinct probability that it is someone trying to launder money. You don't want to get caught up with drug dealers or ISIS terrorists, so forget it.

There is also the possibility that your post is a scam, looking for people who would believe such nonsense. I wonder if people who reply are going to get phished.

S Waters
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