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What is a Licensed Money Lender Singapore?

Finance

money lender singapore

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singapore law on licensed moneylender

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No matter what type of loan you decide to contract, you should be aware of the terms and conditions of the contract. According to law, you must repay the whole amount of money you borrow plus the agreed charges. Always be calculated and prepared for this new responsibility, avoiding unwanted stressful situations. That means only borrowing what you can surely repay. Fortunately, the advisors will help you in this direction, explaining aspects such as the interest rates and the repayment period. You will sign the document only once you clearly understand and agree with the contract's terms and conditions. When the deal is done, you will receive a copy of the signed contract.