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legal money lender

What Is A Legal Money Lender?

A legal money lender is registered with a regulatory agency and must be licensed to give out loans and services. What this means is that they are bound to follow the already set rules and regulations by the government, among other factors.  A look into what is the difference between licensed moneylenders and banks. Typically, […]

legal money lender

How Do I Know If A Loan Company Is Licensed?

Seeking financial assistance from moneylenders in Singapore may be a catastrophe if correct decisions are not made. Consider first if the moneylenders are licensed or not licensed before any loan application. Licensed moneylenders are registered by the government and strictly follow policies set by the government. Their interests are pretty standard and straightforward since all […]

legal money lender

Disadvantages of Taking a Loan from “Loan Shark”

Loan sharks are illegal money lenders operating in Singapore and usually target poor and desperate borrowers. As compared to the recommended licensed moneylender, they pretend to be the best lenders that you can ever get. They attempt to lure you into borrowing with them by being friendly and offering very attractive terms when the bank […]

secured loan Singapore

4 Reasons To Engage A Legal Money Lender In Singapore

Ever heard of scammers who persuade innocent people into getting loans of a large amount of money? Well, most of these scammers end up threatening people’s lives or even hurting their families. These scammers are mostly known as loan sharks. Most of these loan sharks forge licenses and run their illegal businesses which may also […]