Best Licensed Money Lenders That Open on Sunday

Life in Singapore can be fast-paced, hectic and oftentimes expensive. From time to time, we all need to find some quick cash, whether that be by applying for credit, borrowing money from a bank or approaching licensed money lenders for a competitive business or payday loan.  There are tons of amazing moneylenders on the market […]

Understanding the Total Debt Servicing Ratio (TDSR)

The total debt servicing ratio or TDSR is the maximum threshold for property loans. Usually, you are only allowed to dedicate up to 60 percent of your gross monthly income to debt repayments. And you have to remember that the TDSR is not a temporary cooling measure. It is a permanent structural reform followed by […]

What You Should Know About Singapore Moneylenders Act

Borrowing money has become an important industry in Singapore. It has helped thousands of people survive financial crises and difficulties. But, the business of moneylending is not free of problems.  There are loan sharks or “Ah Long” which are illegal lenders who would charge exorbitant fees and who are willing to use violence and intimidation […]

Registry of Moneylenders Role in Singapore Moneylending

The moneylending industry of Singapore is made complicated by unlicensed moneylenders operating at the guise of licensed moneylenders. The Ministry of Law passed the Moneylenders Act to deter all illegal moneylending services with the help of the Registry of Moneylenders (RoM). The Registry of Moneylenders (RoM) supervises both the registration as well as the regulation […]

Pawn Shop Loan Vs Moneylender Loan: Which is Better?

People usually get loan products such as credit cards or personal loans from traditional money-lending institutions like banks and moneylenders.  When in dire need of money or at the point of desperation, getting loans from a pawn shop is probably one of your best alternatives. Pawn shops in Singapore have their own advantages that weigh […]