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  • Paying a heavy price with licensed moneylenders

    It is a mathematics problem that would scramble the minds of most financial experts. If one borrows $8,000 at an interest rate of 20 per cent a month, and has paid monthly instalments totalling $76,800, how much longer will it take to clear the debt?......

  • 2 teens accused of loan shark activity

    Mr R. Tan was in his bedroom with his wife and 14-month-old son at about 2am on May 1 when he heard his neighbour shout: “Your door is on fire!” Rushing out, the 50-year-old property agent, who declined to reveal his full name, saw smoke......

  • Moneylenders Credit Bureau For Borrowers Credit Worth on Loan & Repayment

    As part of the new measures to aid borrowers at large, the newly setup Moneylenders Credit Bureau (MLCB), will now house records of borrowers’ loans and repayment history with licensed moneylenders, operating from March 1 2016. This was announced by the Law Ministry (MinLaw) on......

  • Is there monthly installment loan Money lenders in Singapore?

    Yes, at Swift Credit licensed moneylender, we provide Monthly Installment Loan and we do customized loan at your comfortable needs. There are a number of loans available in Singapore’s moneylending market. Some are meant for specific needs such as housing loan or student loan, while......

  • How To Find A Good Unsecured Loan Company In Singapore

    Taking out a loan can be hard. This is especially the case if you have had bad experiences with loan companies before, but sometimes when you are in a difficult financial situation, you don’t actually have a choice. Some loan companies will give you a......

  • New curbs on moneylending fees, interest begin on 1st Oct 2015

    Borrowers will soon be protected from being charged an arm and a leg for loans from licensed moneylenders. New laws taking effect today will place caps on the amount of fees and interest that such licensed moneylenders can charge customers. For starters, they can charge......

  • Differences between taking loan from licensed moneylenders and banks

    Many people have the wrong perception when it comes taking up loan from moneylenders as they think that they are unlicensed and illegal. Hence, they prefer to take up loans from banks. However, this is a wrong perception as moneylenders that have shop fronts are......


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