Web17 jan. 2024 · Burgis Credit Pte Ltd is a licensed moneylender and a trusted loan provider in Singapore. It takes its clients’ well-being into account, charges reasonable interest, and accommodates individuals of varying annual income. Ready To Get Your Loan? Request for a quotation from our friendly officers by filling out the form below * WebInstead, you should report the advertisements to the Registry at 1800-2255-529 or via our website. Errant licensed moneylenders will be investigated by the Registry and unlicensed moneylenders will be investigated by the Police. 7. Can I rely on the content of an advertisement to take up a loan from a moneylender?
Illegal Money Lender Singapore: Red Flags to Be Aware of
WebFact 6: Licensed Money Lenders In Singapore Cannot Charge You Interest Exceeding 4% Per Month. Regardless of your income or loan amount, the maximum interest rate licensed money lenders can charge is 4% a month. This cap applies to both the nominal interest (value of the loan), as well as for late interest (late payment each month). WebGet the latest list of Licensed Moneylenders in Singapore Contact Us Find the answers to your questions News Be Aware More Ministry of Law - Registry of Moneylenders About … childsfarm.com uk
FAQs on Borrowing From Licensed Moneylenders
Web7 jan. 2024 · If you’re looking for a reliable money lender in Singapore, then you can make use of 1 Fullerton Credit ‘s personal loan service. We are a licensed money lender in Singapore offering foreigner loans, personal loans, payday loans, and more. Click here to visit our website for more information, or give them a call at 6588 1886. Webchecks, making advances to customers) in Singapore, it must possess a valid license granted under the Banking Act 1970. The advantage of a banking license is that a licensed bank falls within the category of “excluded moneylenders” under the Moneylenders Act and is not required to hold a separate license under the Web13 sep. 2024 · Check if you are dealing with a licensed money lender. Check out the complete list of licensed money lenders in Singapore at the Ministry of Law’s website. You are prevented from taking on too much debt. The Act sets specific limits on how much you can borrow from a licensed moneylender based on your income. goyers power equip inc