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...
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...
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...
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...
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...
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 an upfront...
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