You may have heard about how it is fairly easy to get a loan from a licensed money lender compared to a bank. But do you know what licensed money lenders need to operate a moneylending business? For any business to offer moneylending services in Singapore, it must be registered with the Ministry of Law’s […]

It’s always disappointing when you’re rejected for a loan, especially if you thought you had a good chance of being approved. So why was your moneylender loan rejected? There could be any number of reasons, but some are more common than others. In this blog post, we’ll look at the most likely reasons loans are […]

When buying a home in Singapore, you are likely to need a loan to finance the purchase. This can be from a bank or HDB.  However, both options do not always offer the entire purchase amount. Banks, for instance, offer up to 75% of the purchase price. You’ll need to pay the remaining 25% with […]

Many organisations exist to protect the interests of the citizens in Singapore. Among them is the Moneylenders Credit Bureau (MLCB). The MLCB was set up in Mar 2016 by the Ministry of Law. It aims to bring order to the moneylending industry in Singapore by bringing borrowers and licensed money lenders together through its database.  […]

The homeownership journey is that is full of thrills and spills in equal measure. You are finally getting a place of your own, but on the other hand, the high cost of real estate makes it nearly impossible for you to pay for a home at one go, raising the question of where you can […]