Almost all firms and individuals carrying out financial services activities in the UK have to be authorised or registered by us. This firm is not authorised or registered by us but has been targeting people in the UK, claiming to be an authorised firm.

This is what we call a 'clone firm'; and fraudsters usually use this tactic when contacting people out of the blue, so you should be especially wary if you have been cold called. They may use the name of the genuine firm, the 'firm reference number' (FRN) we have given the authorised firm or other details.

You can find out more about this scam tactic and how to protect yourself from clone firms.

Clone firm details

Fraudsters are using or giving out the following details as part of their tactics to scam people in the UK:

Low Rate Loans (clone of FCA authorised firm)

Tel: 0161 394 0295; 0161 394 0286; 0161 814 4968; 020 3807 3154; 020 7183 0541; 0121 318 7883

Email: contactus@lowrateloans.co.uk; contactus@lowrateloans.co.uk

Be aware that the scammers may give out other false details or mix these with some correct details of the registered firm.

FCA authorised firm details

This FCA authorised firm that fraudsters are claiming to work for has no association with the ‘clone firm’. It is authorised to offer, promote or sell services or products in the UK and its correct details are:

Firm name: LowRateLoans, a registered trading name of Monevo Limited

Firm Registration Number: 723672

Address: Oxford House, Oxford Road, Macclesfield, Cheshire, SK11 8HS

Website: www.lowrateloans.co.uk; www.monevo.co.uk