Bedok is one of the best areas in Singapore if you’re interested in outdoor entertainment. The neighbourhood boasts: Beautiful, immense beaches Bicycle trails Running tracks Plenty of fishing places Watersports Zip-lining Many golf and country clubs nearby Bedok is simply a walking distance to the beautiful East Coast Park. That’s the place where you can […]
If you’re looking for a taste of traditional Singapore, there’s no better place than Clementi. This old neighbourhood has been transformed from a swampland into a thriving new town during the past 50 years. Today locals and expats alike love Clementi for its relaxed vibe and authentic atmosphere. You’ll find everything from fresh fruit and […]
Personal loans are advantageous in crises and during a financial emergency. These can be available with minimum documentation and would not require any collateral. With many banks sponsoring instant personal loans, getting a personal loan approved does feel like an easy task. Still, when you actually go for it, there can be many eligibility necessities, […]
Ang Mo Kio is a northern neighbourhood in Singapore. Its name translates as the “red-haired man’s bridge – a colloquialism for Caucasian people. Ang Mo Kio’s expansion began at the crossroads between the 19th and the 20th centuries, when the local rubber industry started to flourish. That’s when the neighbourhood saw an influx of settlers. […]
Avoiding credit card debt is extremely important in today’s world. Unsuspecting credit card users don’t follow the best practices for spending on their credit cards and end up in perpetual debt. The compounding interest doesn’t help either. In 2021, there was an increase of 23% for those under 30 who haven taken loans. In this […]
Money is a powerful tool that controls daily life. While some people may be financially secure, others might find it challenging to fulfil their financial obligations. Individuals who do not have bank accounts often choose to borrow funds from other financial institutions that provide favourable terms. Borrowers may consist of people who have pay cheques […]
Wouldn’t it be great to have enough money to pay all your expenses at any given time? Unfortunately, this isn’t reality for many people. You not only have to manage your day-to-day expenses and monthly bills, but also deal with unexpected expenses that life throws at you. Add to this the costs of major life […]
In addition to the requirements under the Moneylenders Act (Cap. 188) (and any revised edition of the Act) (“the Act”) and the Moneylenders Rules 2009 (“the Rules”) for obtaining and holding a moneylender’s license, the following conditions for the grant of your license are imposed under Section 5(4) and/or Section 5(7) of the Act: General […]
Finding out if a moneylender is licensed The Ministry of Law has made it easier for borrowers to verify how legitimate a moneylender is and whether or not they are licensed. The ministry has created a list of all licensed moneylenders in Singapore. As a borrower, you can easily check the list and verify if […]
The Moneylenders Act is An Act for the regulation of moneylending, the designation and control of a credit bureau, the collection, use and disclosure of borrower information and data, and for connected matters. Short title and commencement 1.—(1) This Act may be cited as the Moneylenders Act. (2) Section 5(3)(b) shall come into operation on […]