UPDATE: We now have new a live listing of current loan offers from legally licensed moneylenders in Singapore.

Each month the Moneylender’s Directory of Singapore receives hundreds of inquiries requesting information about actual borrowing costs and if monthly repayments would be possible. As a followup to our article detailing the maximum allowable fees and interests under current government regulations and as a service to our visitors we asked a few of our directory members to publish example loan offers. Continue reading “Detailed loan offers from four legally licensed moneylenders in Singapore”

To help borrowers understand the maximum allowable interest and fees under the current rules and regulations applied to moneylenders in Singapore, we have put together a handy example loan calculation to illustrate the maximum legal cost of a hypothetical $1,000 one-month loan. Continue reading “What will it cost me to borrow $1,000 under the current rules and regulations for licensed moneylenders?”