Life going too fast to see where your finance is going?
Life going too fast to see where your finance is going? We got you covered. Now have a break on us. SINGA CREDIT PTE LTD. Your trusted moneylender for all your short term loans in Singapore.View More
5-Step Guide to Borrowing from Licensed Money Lenders
It is certainly obvious that “ah longs” are illegal. However, many people tend to mix up “ah longs” with licensed money lenders as they do not know the nature of the business. There is a huge difference between the two because licensed money lenders operate legally under the Singapore Moneylenders Act. As of 1 June 2019, there are a total of 158 licensed money lenders in Singapore according to the Registry of Moneylenders. Licensed money lenders are well-regulated by the government and have strict rules to comply with in terms of licensing, maximum interest rates and even advertising! With this, they are fully authorized to offer loans to help ease the burden of both Singaporeans and foreigners.View More