Unauthorized moneylending in Singapore has come under the radar but the solutions may be social more than financial in nature, says SMU Associate Professor of Law Christopher Chen. SINGAPORE: While businesses across Singapore have been impacted by COVID-19, there is one sector that is thriving: Unlicensed moneylending. Nearly 300 were arrested by the police for loan shark …
1. What should I consider before taking up a loan? You should keep these key points in mind: Before approaching a moneylender, consider other alternatives, such as the various financial assistance schemes offered by various Government agencies. You may contact the agencies to find out more about their schemes. You are legally obliged to fulfill …
Since 2017, housemaids in Singapore have been taking up huge loan amounts from licensed money lenders and this had become a major issue. It is especially worrying for employers and their families as their housemaids would be faced with huge stress from licensed money lenders once they are unable to pay on time. Fortunately, the …
How to stop your maid from taking a loan from licensed moneylenders in Singapore? Read More »
Eight months after the Government decreed that low-income foreign workers can take a maximum loan of S$1,500 from licensed moneylenders, the limit has been further slashed to S$500 in a bid to stem a surge in borrowing over the last three years. The rules apply to foreign workers who earn less than S$10,000 a year, …
Loan limits for foreign workers slashed – licensed moneylenders face new restrictions Read More »
If getting an urgent cash loan with fast approval is what you are looking for and traditional banks are simply not an option, you could consider getting a fast cash loan in Singapore which located at Serangoon Central in Singapore. It is of utmost importance that you seek out a loan from a legal moneylender …
Everything you will know about licensed moneylender in Serangoon Area Read More »
Ang Mo Kio or AMK is a planning area and a residential two in the North-East of Singapore. Prior to urbanization, Ang Mo Kio is just another rural district in Singapore but with the large commercialization, it rises as one of the neighborhood startup businesses. It is evident with the presence of Ang Mo Kio …
Yishun, formerly known as Nee Soon, is a residential town situated in the northeastern corner of the North Region of Singapore. Yishun bus interchange serves its commuters until Northpoint City and the nearest MRT station is Yishun MRT Station. There are three MRT stations located in Yishun: the Yishun MRT Station, Khatib MRT Station, and …
