What are Payday Loans and What do You Need to Know about Them?

Payday loans play a balancing role in the short-term lending sector in Singapore, providing temporary liquidity to those who need it. For the uninitiated, payday loans are usually a short-term loans with a higher rate of interest as compared to other loans and the dues should be paid on your next payday. Depending on the …

How a Moneylender Can Finance Your Home Improvement Project

Financing a home improvement project while living in Singapore can become an overwhelming task. Whether you want to make a few simple upgrades or construct a pricey new addition to kitchen, remodeling your home in Singapore can drain up your savings pretty easily. So you must look for a loan depending on your monthly income …

Changes to the Moneylenders Act Set New Loan Limits for Borrowers in Singapore

The Singapore Government has passed changes to the Moneylenders Act on January 8, 2018 to prevent people from drowning themselves in a mountain of debt. Law and Finance Senior State Minister, Indranee Rajah has proposed changes to laws regulating moneylenders in Singapore. Presently, how much people can borrow loan amount is capped by their income …