MLA How Much Can I Borrow From Licensed Moneylenders Moneylenders Loan Academy MLA Singapore

How Much Can I Borrow From Licensed Moneylenders

How much money can I borrow from licensed moneylenders? In case your annual income is less than $20,000, it’s almost impossible to acquire a loan from a bank that’s ready to offer you an unsecured loan. But a licensed moneylender can legally offer a personal loan of a maximum of $3,000. In Singapore, there is […]

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How Do I Know If A Moneylender Is Licensed MLA Moneylenders Loan Academy Singapore

How Do I Know If A Moneylender Is Licensed

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 […]

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Who Is A Licensed Moneylender MLA Moneylenders Loan Academy Singapore

Who Is A Licensed Moneylender

Who is a licensed moneylender?  A moneylender, according to the Moneylenders Act, is an entity that acts as the principal lender or an agent to a particular moneylending organization, carries or holds themselves as running a money lending business. You cannot serve as a moneylender unless you are fully licensed or exempt or excluded moneylenders […]

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