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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. Relevant Laws and Regulations. Be equipped with the knowledge of moneylending legislation in Singapore. List of Licensed Moneylenders. Get the latest list of Licensed Moneylenders in Singapore.
Below you will find the complete list of licensed moneylenders registered with the Ministry of Law and the Registry of Money Lenders in Singapore. Important note: Licensed moneylenders are disallowed to solicit for loans via whatsapp, text messages or phone calls.
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.
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.
1AP Capital is the top licensed money lender providing 24 hours legal money lending & personal loan with fast approval and low interest in Singapore. Get your cash now.
The Registry of Moneylenders oversees the registration and regulation of moneylenders in Singapore. For more information on the Registry of Moneylenders, please click here. Last updated on 28 Jan 2015. NEXT. Registry of Pawnbrokers.
Nov 26, 2011 · Since 2010, BTB Creditz has been an authorised licensed money lender regulated by the Ministry of Law’s Registry of Moneylenders in Singapore. Our steadfast commitment to legal compliance underscores our reliability and creditworthiness in the financial sector. Apply Online Now. Personal Loan Calculator.
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.
Oct 19, 2022 · The Moneylenders Act defines a licensed moneylender as a person, whether as principal or as agent, who is authorised to carry on the business of moneylending in Singapore by a license. It is any person, other than exempted moneylenders, who lends a sum of money in consideration of a larger sum being repaid is presumed.
