30 Oct Steer Clear Of Loan Scams In Singapore And Just How To Share With Whether A Private Cash Lender Is Licensed (2020 Enhance)
In Singapore, there are numerous items that personal licensed cash loan providers aren't permitted to do. Seven of the true points are listed below.
1. No marketing through SMS, WhatsApp, leaflets, along with other casual methods. It really is unlawful for licensed cash loan providers in Singapore to promote through the avenues mentioned previously. Licensed money loan providers are merely permitted to promote through company directories, their website that is own an advertisement published regarding the real premises of the workplaces.
2. They're not permitted to run without getting registered aided by the Registrar of Moneylenders in Singapore. This enrollment helps to ensure that lenders stick to most of the regulations set straight down by the Singapore federal government.