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Money lending activities have long carried a negative stigma in Singapore, being portrayed as unwanted scenarios within local dramas and news. Yet, for the vast majority of loans made each day, these transactions have ended in a win-win situation. Indeed, both the money lender in Singapore and their client profit
Today, we will be tackling one of the most commonly asked questions on the internet. Is it safe for you to apply for a personal loan in Singapore? Many beliefs about personal loans come from street hearsay, media dramas that dramatize the subject or childhood anecdotes. As such, your understanding about personal
Over the years, there has been several laws that were created to protect borrowers in Singapore. In an effort to tighten up the moneylending industry, it is now mandatory that moneylenders will need to seek for approval from the Registrar of Moneylenders before hiring any employee, in addition, it
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
Today, Singapore is one of the world’s leading financial hubs, attracting a vast amount of foreign talent from around the world. However, despite the creation of financial infrastructure to provide financial support to foreign workers and expatriates, the cost of living in Singapore continues to rise each year. In 2020,
Debt has always been a controversial issue. On one hand, having debt is a sign of financial difficulty and a huge risk. However, on the other hand, when planned for, a personal loan in Singapore can be seen as a tool that helps you capitalise on opportunities. Part of this
A rejection from your personal or business loan application can be devastating. Afterall, if you had applied for a loan in the first place, then you likely would have been in an urgent need for an injection of financial capital. Nonetheless, this is certainly not the end of the world.
Your credit score for a loan is determined based on payment history, debts currently owed, credit history, new credit and type of credit. These 5 factors are the main components used to tally your credit score. Other than a credit score, authorized moneylenders may take other ancillary factors into consideration
Financial planning is a necessity for everyone. It is essentially keeping aside an amount of money for a specific goal or purpose. The most basic form of financial planning is to save up your money in a piggy bank. What we would usually do is to open a bank savings
Top Saving Tips For Graduates In Singapore The end of graduation marks the beginning of independence. It is time for you to live responsibly and embrace the endless opportunities that await you. You’ll be moving out of campus, entering a full-time job and becoming financially independent.What you do with your