Is It Safe To Borrow From A Licensed Moneylender In Singapore? Read This Before You Decide
Key Takeaways Licensed moneylenders in Singapore are regulated under the Moneylenders Act by the Ministry of Law. They are not loan sharks. Interest is capped at 4% per month by law. No licensed moneylender can legally charge more than this, for any reason. All licensed moneylenders are publicly listed on the Ministry of Law’s registry. […]
