Additional Information for Loans Canada

It has been brought to BBB's attention that fraudulent loan companies have been posing as "Loans Canada" in order to scam consumers, and withdraw funds from their accounts. The following is an example of an email sent by the company posing as Loans Canada: Hello Applicant, Loan Approval No: RTPM4157Z Loan Amount: $5000 Dear Customer, Your loan application has been approved for $5000 with an interest rate of flat 10%. The loan amount will be sent to your bank account within 2 working hours after all the procedures have been completed. NOTE: No upfront payment required to get this loan. For any queries contact us anytime as the customer service works 24*7 on (647)-491-2128 or reply back to this email to get in touch with the representative. Yours sincerely LOANS CANADA Capital One Finance (c) 2017 Terms of Use Careers Complaints Privacy Policy -------------------------------------------------------------------------------- Confidentiality Statement & Notice: This email is covered by the Electronic Communications Privacy Act, 18 U.S.C. 2510-2521 and intended only for the use of the individual or entity to which it is addressed. Any review, re transmission, dissemination to unauthorised persons or other use of the original message and any attachments is strictly prohibited. If you received this electronic transmission in error, please reply to the above-referenced sender about the error and permanently delete this message. Thank you for your co-operation In several incidences, consumers have been asked to provide their bank account login information (User ID and password) so that they can verify identities and deposit loans. Once this information is provided, the scammer will transfer funds out of the account, and disappear. Consumers will not receive the loan in question. BBB would like to remind consumers to never share their banking login information another individual. For more information regarding this concern, please visit: https://loanscanada.ca/news/psa-loan-scam/