This year, a new Bill was passed by the Parliament to facilitate a more secure process when it comes to moneylending in Singapore. Named as the Moneylenders (Amendment) Bill, it protects Singaporean and PR borrowers from unlicensed moneylenders, and seeks to modify all moneylenders in Singapore into legal businesses. In total the Bill lays out three principles that private loan lenders Singapore are to cooperate on. They are as follows:   A new loan cap
The Singapore Economic Development Board (SEDB) has worked over the years to create a financial hub capable of attracting talent from around the world. As part of this goal, supportive financial infrastructure has been implemented, providing vital support to new expats. This is crucial as the cost of living in Singapore can be relatively high in certain aspects, thus making it difficult for non-high net worth individuals. As part of this infrastructure, a foreigner loan
Having outstanding debts is not something to be ashamed of. In a country with a high cost of living such as Singapore, many people take loans at one point in time or another. Common examples include university study loans, car purchase loans, housing loans, as well as a personal loan in Singapore. You should be trying your best to settle your financial obligations as soon as possible. This prevents your interest from exponentially increasing and
One of the worst things that can happen to you having your money loan application rejected. It can be devastating to find out that a company did not accept your application for various reasons. When this happens to you, the first thing that you have to do is to inquire about the cause for the rejection. Make sure to visit the office of the legal moneylender in Singapore firm and ask about it. This way, you