Understanding the Types of Money Lenders in Singapore: Legal and Illegal Entities

In the dynamic financial landscape of Singapore, individuals seeking financial assistance encounter a diverse array of money lenders. Amidst these options, it’s crucial to distinguish the reputable entities, such as licensed money lenders in Singapore, from those operating outside the legal framework. Legal money lenders, including licensed moneylenders, banks, and financial institutions, adhere to regulatory guidelines, ensuring […]

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? The answer is – possibly never. This is the quandary […]

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 billowing from the front door of his Lengkok Bahru flat. […]

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 Wednesday (Feb 24). With the launch of the Moneylenders Credit […]

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 others can be used for whatever purpose it may serve […]

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 loan and this is ideal if you want to use […]