There are many legal money lender Singapore available to choose from, so it is worth taking the time to research them online and chose one that best suits your needs.
• Never borrow from an unlicensed money lender. There are easy to find lists online that will advise you of all companies in Singapore that are licenced.
• When choosing a legal money lender in Singapore, it is advisable to consider the facts. Firstly, is it affordable? You are legally required to pay back the full cost of the loan once the terms have been accepted. Only borrow what you are comfortably able to pay back.
• Always look at the rates offered by the legal money lenders– are they reasonable, and do they have a penalty for paying back the loan early? These factors could make a big difference to you, once you have entered into the contract.
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