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5 Things You Should Know About Personal Loan Interest Rates in Singapore

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No Singaporean has gone through their lives without using a personal loan as additional financing for a time-sensitive investment or expense. Truthfully, all personal loan interest rates increase yearly. They start at 3.5% and often end with an enormous 11% due to the yearly interest rate increases. Most Singaporeans use the interest rate as their … Read more

How Moneylenders Act Protects Borrowers Like You From Moneylenders

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The Moneylenders Act primarily protects borrowers from any abusive act that moneylenders may commit within the duration of the contract. The Ministry of Law requires the signing of a cautionary statement by borrowers before handing any personal loan. This cautionary statement signifies that borrowers were fully informed of potential unlawful conducts of moneylenders. Moreover, it … Read more

How to Choose Licensed Moneylender in Singapore?

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Singapore is one of the most expensive countries in the world. Even Singaporeans face financial difficulties at some point in their lives. Thankfully, the numerous licensed money lender Singapore has makes it easy to find emergency financing solutions. Counting on banks for excellent financial service is indeed better than going directly to money lenders. However, … Read more

10 Profitable Small Business in Singapore 2021

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The Covid-19 pandemic has negatively impacted the world by causing havoc with their economies. It has caused supply chain disruptions and put a halt into the production of much-needed products.  Singapore has also been severely affected. The pandemic has caused one of the worst economic contractions on record. And businesses are going to be feeling … Read more

How to Get the Best Debt Consolidation Plan in Singapore

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Maintaining a steady credit balance and keeping updated with all your credit card debts are quite difficult to manage. The situation turns even more difficult if you have multiple debts. You may find yourself trapped into several dates and loan-clearing amounts to pay. Housing loans, home repairing debts, vehicle loans, and the list is endless … Read more

How Much Can You Borrow from Financial Institutions in Singapore?

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In many situations, loans and credits save us from financial difficulties and troubles. They offer easy and convenient ways to have cash. Early on, the government had realized that incurring too much credit can be detrimental to a person’s finances and the country’s economy. They have been regulating the amount Singaporeans can borrow. Today, the … Read more

Taking a Loan from Licensed Money Lender Vs Bank

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Without a doubt, personal loans have helped thousands of families and individuals in Singapore. People in need of money resort to borrowing from financial institutions. But, for a borrower, borrowing money is a choice between licensed money lenders vs banks. This article lays down the differences between these two choices. It points out the advantages … Read more