How to Compare Moneylenders in Singapore (2017 Update)

How to Compare Moneylenders in Singapore (2017 Update)

Latest Update for 2017: With the new Government ruling, all money lenders in Singapore are to cap all loans provided at a maximum of 4% interest rate per month. Therefore we urge all borrowers to make full use of this wonderful offer today by applying for an online loan here. The best advice anyone can give when you are searching for a loan from moneylenders is that it pays to take time to compare lenders before committing to any particular lender. There are many moneylenders in Singapore. Many of them are licensed and registered in the Registry of Moneylenders. It […]

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Moneylender Tips – Identifying Legal Moneylenders in Singapore

Moneylender Tips – Identifying Legal Moneylenders in Singapore

How do you tell a if a Moneylender in Singapore is a legal one? Here are some tell-tale signs:   No telemarketing or SMS According to the IPTO rules and privacy acts, moneylenders should not advertise their services in the form of telemarketing or SMS marketing. The penalties for advertising these services are harsh. Moneylenders can easily lose their licenses if they are caught. However, many illegal money lending services use SMS and telemarketing to market their services to unsuspecting consumers. It is important to avoid these services.   No online bank transfers Moneylenders often claim that they are able to provide […]

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