A VICIOUS loanshark gang which terrorised Kowloon and the New Territories has been broken by police in a six-month operation. Many victims have yet to come forward, and police are appealing for help. The syndicate, calling itself the Yuen Kee Finance Company, targeted new public housing estates in Tseung Kwan O, Wong Tai Sin, Tsing Yi, Sha Tin and Tuen Mun, offering new tenants quick loans to decorate and furnish their flats. It left adverts and cards in lift lobbies encouraging people to call a pager number. But its interest rates were extortionate, over 300 per cent a year, well above the legal limit of 60 per cent. Someone who borrowed $5,000 would have to pay $500 interest after 10 days. Anyone who refused to pay found themselves trapped at the centre of a spiralling circle of threats which ended in violence. Kwun Tong assistant district commander (crime) Leung Ching-kwan said: ''It is very dangerous to borrow money from loansharks. They will threaten you with words, then damage your door lock, then they will paint their threats on the door itself. ''If that doesn't work, they will assault you or pour kerosene through the door and set it on fire.'' Ms Leung said the syndicate included triad members, but they had not used their triad status when making threats. She said two suspects had been arrested and were being questioned, but police still needed witnesses to come forward to supply more evidence. Anyone with information should contact the Kwun Tong district crime squad on 709 8332.