Loan Scam – apply.loan@protonmail.com

The below loan scam email was sent to an email address that exists only to catch scam emails. It has never been used to register on any site, only to communicate with scammers.

Email headers

Reply-To: apply.loan@protonmail.com
From: Cash Africa <kimjose856@gmail.com>
Subject: We Redefine Lending
To: undisclosed-recipients:;
Bcc: [REDACTED]

Email body

Good day,

You or your business needs a reliable credit facility and that is where Cash Africa comes in. You can access personal loans, debt consolidation loans, agricultural finance, vehicle finance or home loans at a fixed interest rate of 3.5% per annum if you earn a minimum of R3,500 monthly.

We also offer business and corporate loans at 4.5% per annum fixed interest rate. Contact us today for an easy online application and payout within 24 hours.

Cash Africa

Why is this a loan scam?

• It was sent from a totally different email address to the one that you are asked to reply to.
• The email address used is a free Protonmail address.
• The email was mass-mailed to many recipients using BCC.
• The email gives no indication of where the “company” offering loan are based or who they are regulated by. Their name though indicates that they are based somewhere in Africa, therefore legally they would only be able to offer loans in the particular country they are based in (if they were a legitimate company, which they aren’t).