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List of Licensed Moneylenders in Singapore. ⚠ Important Note. There have been increasing reports of scammers and unlicensed moneylenders masquerading as licensed moneylenders to deceive victims into taking loans. Deceptive tactics used include soliciting for loans via:
Through the regulating of Licensed Moneylenders, the Registry of Moneylenders cultivates a safe and professional moneylending industry in Singapore.
You are legally obliged to fulfil any loan contract you enter into with a licensed moneylender. Consider whether you are able to abide by the contractual terms, bearing in mind your income and financial obligations. Borrow only what you need and are able to repay.
Looking for a personal loan? Check out our updated list of licensed money lenders in Singapore verified by Registry of Moneylenders Singapore. Read more...
Aug 13, 2023 · Yes, borrowing money from a licensed moneylender in Singapore is entirely legal. Licensed moneylenders are regulated by the Ministry of Law under the Moneylenders Act, and they must adhere to specific guidelines and regulations regarding interest rates, fees, and ethical lending practices.
Providing unsecured large sum personal loans of up to $300K, Lending Bee® is a top licensed money lender with four branches in Singapore. Call us now at 6219-1611 for more details.
Oct 19, 2022 · In this article, we consulted Credit Bureau Singapore on the different types of moneylenders, how you can differentiate licensed vs unlicensed, and how borrowing from licensed moneylenders will affect you.
Jun 29, 2024 · The process of selecting a licensed moneylender in Singapore is essential to avoid any regrets in the future. The business of money lending is controlled by the rules and regulations of the Ministry of Law in Singapore. Licensed moneylenders are legal and safe, giving individuals an opportunity to borrow money for their needs. Most people … Everything to Know: Legal Licensed Money Lenders in ...
CreditMaster, Top Licensed Money Lender Singapore. Since 2010, CreditMaster has been a licensed money lender operating under the supervision of the Ministry of Law's Registry of Moneylenders. Our mission is to assist our clients by offering loans that are simple and fast to repay, and we strive to go above and beyond in meeting their needs.
We’re a licensed money lender in Singapore with fully legal loans. As a fast and reliable private money lender, loans are easily accessible online via our website.
