This is undoubtedly a scam.
The company, after gathering your personal information online, will call you and tell you that you've been approved for a loan regardless of your credit score or any proof of employment. The catch is that in order to prove that you can afford monthly payments, you have to buy iTunes gift cards and share the pin number with them over the phone or email. After this, they will tell you to pay for a large tax required to transfer the funds to your bank account, which you have to pay for using iTunes gift cards again, which should be a major red flag!
Long story short, the loan will never come, and you will end up in a worse economic situation than you started.
Bottom Line: No, I would not recommend this to a friend
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