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Your loan information report includes the following information: Personal Information. This section details information such as your full name (as per NRIC/other official ID) and ID number as submitted by Licensed Moneylenders (LMLs). Loan Summary.
You can also obtain your credit report at any of the following offices. A transactional fee of $0.50 applies. Moneylenders Credit Bureau Office 2 Shenton Way #20-02 SGX Centre 1 Singapore 068804 Tel: +65 6565 6363.
Moneylenders Credit Bureau i. Press Release New Credit Bureau to Support Prudence in Borrowing and Lending (53KB) ii. Infographic The...
Jun 1, 2024 · If you have received text messages from someone claiming to represent licensed moneylenders and/or were told to make deposits/transfer money into bank accounts before a loan is granted, we advise you to file a police report immediately via one of the following channels:
It will allow licensed moneylenders to assess the creditworthiness of borrowers, and help to prevent borrowers from borrowing beyond their means. From 1 March 2016, licensed moneylenders will purchase a borrower’s credit report from the MLCB before granting a loan.
Oct 10, 2023 · What is a MLCB Report? Your MLCB report serves as a comprehensive record of your loan payment history, compiled from various LMLs. As part of their assessment process, LMLs are required to review your loan credit report to gauge your creditworthiness before approving a loan.
MLCB is a central repository of data on borrowers' loans and repayment records with all licensed moneylenders (LMLs) in Singapore. It will allow LMLs to assess the creditworthiness of borrowers and make informed decisions when granting loan applications.
