Today, we will discuss an issue that is increasingly being discussed among the Malaysian community, fraudulent IOS loans.
With so many IOS loan offers spread on websites and social media, many people are starting to wonder, Are all these IOS loans scammers or are there really trustworthy ones?
So, in this article, we will share this issue in more depth and discuss the signs that we should look out for so that we can avoid fraud.
What is an IOS Loan?
IOS personal loan is a type of personal loan that can be applied for online through the IOS website or office.
This IOS is a form of loan that is increasingly popular in the Malaysian community due to the ease of applying and fast approval.
But, this facility also provides an opportunity for fraud.
A loan license is an approval or license given by the financial authority to a financial institution or loan company to confirm that they have the legal permission to provide loan services to the public.
This license is a way to ensure that the company complies with the regulations set by the authorities and provides protection to borrowers.
A loan license usually contains information such as company name, address, type of loan allowed, interest rate allowed, loan conditions, license period, and other relevant details.
- No. Company Registration: Every company operating in Malaysia is required to register themselves with the Companies Commission of Malaysia (SSM) or the relevant authority. This company registration number is a unique number given to each company as a sign of their official identification.
- No. License renewal: Business licenses need to be renewed periodically, and this number indicates the validity period of the license, which is from the start date until the end of the license period.
- No. Permit: This permit is required for certain types of business or certain activities that are not included in a normal business license.
So, all these numbers are important to verify the business status and reliability of the company.
You should check and understand this information before doing business with the company.
The following is information on the licensing and addresses of IOS loan companies in various areas in Malaysia:
KL & SELANGOR Semumas Resources Sdn. Bhd.
- No. Company Registration: 201301011288
- No. License Renewal: WL6401/10/01-5/150524 (Valid 16/05/2022 – 15/05/2024)
- No. Permit: WP6401/10/01-5/150524 (Valid 16/05/2022 – 15/05/2024)
- Address: Oasis Square, E-11-07 Capital 5, No.2, Jalan PJU 1A/7A, Ara Damansara, 47301 Petaling Jaya, Selangor.
JOHOR SKUDAI Mesrasama Resources Sdn. Bhd.
- No. Company Registration: 201301022416 (1052245-K)
- No. License Renewal: WL6462/01/01-4/150324 (Valid 16/03/2022 – 15/03/2024)
- No. Permit: WP6462/01/01-2/150324 (Valid 16/03/2022 – 15/03/2024)
- Address: Lot 3-85, Plaza Tasek, No. 2, Jalan Pendekar 16, Taman Ungku Tun Aminah, 81300 Skudai, Johor.
JOHOR KLUANG Setiamas Capital Sdn Bhd
- No. Company Registration: 202001036404 (1392725-V)
- No. License Renewal: WL7733/01/01-2/110325 (Valid 12/3/23-11/3/25)
- No. Permit: WP7733/01/01-2/110325 (Valid 12/3/23-11/3/25)
- Address: Lot 1-71, Jalan Rambutan, Taman Suria, 86000 Kluang, Johor.
SERENMAN Mewahmas Resources Sdn. Bhd.
- No. Company Registration: 202001028440 (1384760-P)
- No. License Renewal: WL7698/05/01-2/031224 (Valid 04/12/2022 – 03/12/2024)
- No. Permit: WL7698/05/01-2/031224 (Valid 04/12/2022 – 03/12/2024)
- Address: Lot 2-07 Centrepoint Seremban, Lot PT 9149, Jalan Dato Siamang Gagap, 70100 Seremban, Negeri Sembilan.
IPOH Majumas Capital Sdn. Bhd.
- No. Company Registration: 202101030017 (1430317-T)
- No. License Renewal: WL7966/08/01-1/280324 (Valid 29/03/2022 – 28/03/2024)
- No. Permit: WP7966/08/01-1/280324 (Valid 12/08/2022 – 28/03/2024)
- Address: De Garden – DL1-2/3A & DL1-2/11, 1st Floor, 7 Avenue, De Garden No 1 Persiaran Medan Ipoh, 31400 Ipoh, Perak.
PENANG Wajamas Capital Sdn Bhd (Formerly known as Rakan Niaga Services)
- No. Company Registration: 202101039096 (1439396-D)
- No. License Renewal: WL5899/14/01-9/281124 (Valid 29/11/2022 – 28/11/2024)
- No. Permit: WP5899/14/01-9/281124 (Valid 29/11/2022 – 28/11/2024)
- Address: FM04, Mydin Mall Bukit Mertajam, Lot 3424,1619, 1611,1511 & 850 Mukim 6, Jalan Baru, Seberang Perai Tengah, 13600 Seberang Perai, Penang.
KEDAH Wiramas Capital Sdn Bhd (Formerly known as South City Agency)
- No. Company Registration: 202101039095 (1439395-V)
- No. License Renewal: WL5019/10/01-10/150625 (Valid 16/06/2023 – 15/06/2025)
- No. Permit: WP5019/10/01-10/150625 (Valid 16/06/2023 – 15/06/2025)
- Address: S51, Tkt. 2, Star Parade Complex, Jalan Teluk Wanjah, 05200 Alor Setar, Kedah.
PANG (Coming Soon) Rakan Semangat Sdn Bhd
- No. Company Registration: 201901040140 (1349470-U)
- No. License Renewal: WL7402/10/01-2/190524 (Valid 16/06/2021 – 19/05/2024)
- No. Permit: TBA
- Address: Lot 2.02, 2nd Floor Berjaya Mengamall, Jalan Tun Ismail, 25000 Kuantan Pahang
How To Identify Scammers
Before you get caught in a loan scam, there are a few things you should pay attention to.
Here are the signs to take into account:
An Offer That Is Too Good To Be True
Loans that offer very low interest rates or allow you to borrow large amounts of money without any strict requirements may be early signs of a fraudulent loan.
Remember, if something seems too good to be true, it probably is.
Unprofessional Website or Application
A website or loan application that is unprofessional, contains many spelling mistakes or pictures that look of poor quality may indicate that this is not a legitimate loan platform.
Also check to see if there is clear contact information such as a physical address and a contact phone number.
Unreasonable Requests for Personal Information
If the loan platform asks for personal information that is not relevant or too much sensitive information, you need to be careful.
A legitimate loan will not ask for details such as bank passwords or access to your social media accounts.
Too Fast Approval
A loan approved too quickly without a proper credit check process may be a fraudulent loan.
Legitimate banks and financial institutions will do a credit check before granting a loan.
Advance Fees or Advance Payments
If you are asked to pay an upfront fee or make any payments before the loan is approved, this is a sure sign of a fraudulent loan.
Usually, legitimate financial institutions will not ask for any upfront payment.
What To Do If You Are Trapped In A Fraudulent Loan?
If you suspect that you have been caught in a fraudulent IOS loan, the following actions can help you:
Contact the Authority
Immediately contact PDRM to report this fraud. They will help you to investigate this case.
Contact Your Bank
If there are suspicious transactions or money that has been transferred, immediately contact your bank and report this situation to them.
They can provide guidance on further action.
Change Password and Personal Information
If you have provided sensitive personal information to a fraudster, immediately change your bank password and other personal information.
This is an important step to prevent fraudsters from using your information for malicious purposes.
How to Choose a Legitimate IOS Loan
To avoid fraud, you need to be careful in choosing a legitimate IOS loan. Here are some tips:
Check Licenses and Approvals
Make sure the lending platform has a license from the Malaysian financial authority.
This shows that they are a legitimate financial institution.
Read the Terms and Conditions Carefully
Before applying, carefully read the terms and conditions of the loan.
Make sure you understand all charges, interest rates, and payment periods.
Refer to Comments and Reviews
Refer to reviews and comments from previous users.
The experiences of other users can give you a better idea of the reputation of the lending platform.
IOS Loan Scam Is It Really?
In closing, the IOS company would like to emphasize that IOS has never used an agent or asked for an advance payment.
Application matters are only at the IOS affairs office. Beware of scammers who claim otherwise.
So, are IOS loans scammers? No, but it should be noted that there are many scammers out there trying to take advantage of people who need a loan.
Therefore, it is important to be careful and do your research before choosing any IOS loan.
- Telephone No: 1800 888 105
Remember the signs of fraud discussed in this article and take precautions if you find yourself in a suspicious situation.
Your financial security is your own responsibility.