For a long period of time, the issue about unlicensed service in moneylending in Singapore is still up. There have been certain efforts made to get rid of the recurring problems. Even if there are these efforts to manage dealing with unlicensed lenders in this country, there remains some debates that this can be a crime and some moves have been done to get rid of issues concerning moneylending harassment.At present, moneylender Singapore has finally become a great help to both individuals and business owners out there. It has brought a lot of remarkable benefits that cannot be seen from other financial sources. Some of these advantages are as follow:
- Prevents any harassment method – If consult a legit moneylender Singapore, you will have no worry at all. It is due to the reason that it adheres to strict policies of various lending laws implemented by the government.
- No higher interest rate – Singapore’s Registrar of Moneylenders has licensed almost all moneylenders which implies that there will be restrictions on various maximum interest rate, maximum amount to lend out and other fees.
- No SMS spam – With a licensed moneylender, you are rest assured that it is prohibited to send or advertisements or tele market to its target clients. Otherwise, they will be punished by the government and have to face some consequences.
When dealing with a moneylender Singapore, just make sure that it is licensed and complies with the laws and policies implemented by the government. All you need is to be aware of what a good and reliable lender should be.
If you are still doubtful about the legitimacy of a moneylender in this country, do not hesitate to visit an expert. Feel free to ask what you want to know as long as it has something to do with lending.