If you’re thinking of taking out a loan, you might want to read this first!
Bank Negara Malaysia (BNM) recently issued a warning to the public regarding money-lending companies with fake licenses supposedly issued by them.
BNM said in a statement released today (6th December) that these companies pose as licensed money lenders and trick people into making initial payments like administrative expenses, stamp duty, and legal fees. The statement reads,
“BNM does not issue money lending licences. Money lending business is governed under the Moneylenders Act 1951 and administered by the Ministry of Urban Wellbeing, Housing and Local Government.”
“These fraudulent activities are promoted through websites, social media, telephone calls, SMS, emails and other forms of communication.”
On top of that, BNM also stated that victims of scams like these should report the money lenders to the police. They also urged the public to be wary of companies or people who claim to have licenses issued by BNM.
To avoid falling victim to such unscrupulous parties, the central bank also urged the public to refer to their list of licensed institutions on their website here before proceeding with taking out any loans.
For further inquiries, you can also refer to the following contact information;
BNMTELELINK (customer contact centre)
E-mail: [email protected]
BNMLINK (walk-in customer service centre)
Address: Block D, Bank Negara Malaysia, Jalan Dato’ Onn 50480 Kuala Lumpur
Opening hours: Monday – Friday, 9am – 5pm
Type BNM TANYA [your enquiry/complaint] to 15888
WATCH: M’sian Coast Guard Heroically Rescues 5 Fishermen Stranded On A Rock In Rough Seas
Five local fishermen who were stranded on Pulau Batu Berantai in Selangor owing to heavy weather, which was 1.4 nautical...
5yo French Boy Dies After Jellyfish Sting In Pangkor Island
The sea is a beautiful place to be when the weather is hot. However, we must never forget that other...
Zahid Hamidi Shows Support To Najib Following Court Decision, Urges UMNO Fans Not To Lose Hope
On August 16, former Prime Minister Datuk Seri Najib Razak had his application to produce new evidence in his final...
Johor To Implement 4-And-A-Half Days Of Work Per Week By Year End?
For many decades, humans around the globe have been working on a 5-day work schedule and it wasn’t until the...
Super Idol Winner & M’sian Singer Eison Chai Found Dead At Train Station In Taiwan
Death often creeps in unexpectedly. Just yesterday (August 17), a Malaysian pop singer based in Taiwan met his demise after...
JUST IN: First Human-To-Pet-Dog Transmission Of Monkeypox Has Been Confirmed In France
While the world is still battling Covid-19, the sudden outbreak of monkeypox has caused a lot of stress to people...
15yo Girl & 3 Male Friends Arrested After They Were Found At Kedah Motel With Used Condoms
A teenage girl was arrested along with three male friends after a motel they were at in Padang Temusu, Kedah,...
KLIA & Langkawi International Airport Named Among World’s Best Airports; Netizens Disagree
KL International Airport (KLIA) and the Langkawi International Airport (LGK) have been listed among the world’s best airports for Q2...
M’sian DJ Remixes Voice Notes From Viral Gas Cylinder Incident
Earlier in the week, a post was shared on a FB group regarding a Malaysian Auntie constantly going MIA from...
Malaysian Husbands Try Steaming Their Wives Favourite Clothes
Malaysian Memoirs | The Accident That Changed Everything (The Kumaar Family Story)
Social Stories9 hours ago
M’sian Student Gets Sexually Harassed By Lecturer Who Asks Her To Fill Up Inappropriate Survey Questions
Social Stories7 hours ago
Birthday Girl’s Spotlight Stolen At Her Own Party As Friend’s Boyfriend Surprises Friend With Birthday Cake
Social Stories6 hours ago
Najib’s Daughter’s Instagram Story About Injustice Gets Flagged For False Information
Social Stories9 hours ago
Person “Accidentally” Steals 2 Car Batteries, Leaves RM30 & Note Asking Owner To ‘Halalkan’ It