Singapore Top 10 Legal Moneylenders (2019 update)

There are such a large number of moneylenders in Singapore. Be that as it may, would you say you are ready to differentiate among legal and unlicensed moneylender (fka loan shark)? Moreover, there are such a significant number of the legal moneylender, we always would like to choose the best. Check out www.sglicensedmoneylender.sg to get the […]

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Borrow Wisely

Borrow Wisely It is important to only borrow what you can repay. You should consider these before taking a loan from licensed moneylenders: 1. Never borrow to pay off another debt. 2. If you are unable to meet the contractual terms, the late payment and interest fees will be a financial strain not just on […]

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Six Firms to Pilot New Business Models for Moneylending

MinLaw Singapore announced today that six firms have been selected to pilot new business models for moneylending, as part of an initiative to better protect borrowers through business-led improvements. These new models include a more comprehensive use of data to assess creditworthiness. Then using digitalized processes to lower cost and giving better terms to those […]

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New Moneylending Regulations to Better Protect Borrowers to Come Into Force on 30 Nov 2018

New Moneylending Regulations to Better Protect Borrowers to Come Into Force on 30 Nov 2018 1          From 30 November 2018, the Ministry of Law (“MinLaw”) will implement the first phase of the Moneylenders (Amendment) Act 2018[1] and Moneylenders (Amendment) Rules 2018 to provide better protection for borrowers and strengthen the regulation of licensed moneylenders. 2          The […]

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