****!!! YOU NEVER PAY ANY UPFRONT FEES FOR A LOAN OR NEW JOB APPLICATION

Claasen Hi there. Today I received an sms from Trade Finance telling me to whatsapp them for fast easy loans. I then started the whatsapp conversation. A lady asked how much I would like to borrow and I asked for R20 000. This is the message I got back: " Trade finance quick loans have approved your loan application.Terms and conditions apply.Loan approved amount:R20,000 Loan interest rates: 3%.Loan term:3years.Monthly loan payment:R581.62. loan interest R938.32 total loan payment R20,938.32. You have to pay for administration fee and lawyer documentation of R2,850 before money can be transfered to your bank account.Note that this money will be refunded back to you in three working days.Call Mr Adams on *** for payment details."

So I quickly realized something is wrong as they didn't ask for any other details from me. Secondly, there is no legitimate loan provider that will ask you to pay fees upfront to get your loan. I mean think about it, the reason you are applying for a loan is because you don't have money so how are you suppose to pay upfront fees. Thirdly they use private cell numbers and private bank accounts. They don't send any formal documents or business letterhaed or anything. Please beware of these ****med and many more. Just always remember that if it seems too good to be true or you get that little voice in the back of your mind saying something is up, then usually it is. Don't pay anybody any upfront fees for any kind of loans or job application.