Taking Loan from Licensed Moneylender Singapore
Taking Loan from Licensed Moneylender Singapore You should keep these key points in mind while taking loan from Moneylender Singapore 1. Before approaching a Moneylende r Singapore , think about other options, such as the various financial assistance schemes provided by various government agencies. You can contact the agencies to learn more about their programs 2. Any loan contract you enter into with a licensed moneylender is legally binding on you. 3. Consider whether you can meet the contractual terms in light of your income and financial obligations. Borrow only what you need and can repay. Be aware that if you fail to meet the contractual terms, the late payment fees and interest payments will put a financial strain not only on you but also on your family. 4. By law, moneylenders must explain loan terms to you in a language you understand and provide you with a copy ...