Understand the Singapore Private Licensed Moneylenders and their Personal Loan Package.
With the changes in moneylenders act, Private Licensed Moneylenders are popping up like mushroom. Where do they come from, how they operate and how much interest do they charge and what are the catch?

Tuesday, June 14, 2011

Defaultors down by half and acceptance fee up by 2 times

More moneylenders doing checks on loan applicants
from CNA
Posted: 14 June 2011 1425 hrs
Singapore dollar
--------------------------------------------------------------------------------
SINGAPORE: Licensed moneylenders are becoming more careful about who they lend money to. Over half of them have joined credit bureaus, giving them access to credit checks and the payment history of individuals applying for loans.

The DP SME Commercial Credit Bureau said moneylenders are the fastest growing group of new members, with more than 200 joining in the last 12 months.

One licensed moneylender, I-Credit, said the number of defaults across its portfolio of loans has dropped by more than half since joining the credit bureau.

It said the ability to do a credit check is also a benefit to the applicant.

The company said as a responsible business, it does not want to lend money to individuals who can't manage their debts.

- CNA/cc

The number of defaultors down by half and acceptance fee up by 2 times?
What is the rational?

Only I-credit's default figure down by half? or the rest of the licenced moneylenders loan blindly?

26 comments:

  1. hi. what if the borrower left sg and reside in another country will the loan dinosaur harrass the next of kin?or any legal action they can take or sue bankruptcy?

    ReplyDelete
    Replies

    1. Do you need Personal Loan?
      Business Cash Loan?
      Unsecured Loan
      Fast and Simple Loan?
      Quick Application Process?
      Approvals within 24-72 Hours?
      No Hidden Fees Loan?
      Funding in less than 1 Week?
      Get unsecured working capital?
      Contact Us At :oceancashcapital@gmail.com
      Phone number :+16474864724 (Whatsapp Only)

      LOAN SERVICES AVAILABLE INCLUDE:
      ================================
      *Commercial Loans.
      *Personal Loans.
      *Business Loans.
      *Investments Loans.
      *Development Loans.
      *Acquisition Loans .
      *Construction loans.
      *Credit Card Clearance Loan
      *Debt Consolidation Loan
      *Business Loans And many More:

      LOAN APPLICATION FORM:
      =================
      Full Name:................
      Loan Amount Needed:.
      Purpose of loan:.......
      Loan Duration:..
      Gender:.............
      Marital status:....
      Location:..........
      Home Address:..
      City:............
      Country:......
      Phone:..........
      Mobile / Cell:....
      Occupation:......
      Monthly Income:....

      Contact Us At oceancashcapital@gmail.com
      Phone number :+16474864724 (Whatsapp Only)

      Delete

    2. Do you need Personal Loan?
      Business Cash Loan?
      Unsecured Loan
      Fast and Simple Loan?
      Quick Application Process?
      Approvals within 24-72 Hours?
      No Hidden Fees Loan?
      Funding in less than 1 Week?
      Get unsecured working capital?
      Contact Us At :oceancashcapital@gmail.com
      Phone number :+16474864724 (Whatsapp Only)

      LOAN SERVICES AVAILABLE INCLUDE:
      ================================
      *Commercial Loans.
      *Personal Loans.
      *Business Loans.
      *Investments Loans.
      *Development Loans.
      *Acquisition Loans .
      *Construction loans.
      *Credit Card Clearance Loan
      *Debt Consolidation Loan
      *Business Loans And many More:

      LOAN APPLICATION FORM:
      =================
      Full Name:................
      Loan Amount Needed:.
      Purpose of loan:.......
      Loan Duration:..
      Gender:.............
      Marital status:....
      Location:..........
      Home Address:..
      City:............
      Country:......
      Phone:..........
      Mobile / Cell:....
      Occupation:......
      Monthly Income:....

      Contact Us At oceancashcapital@gmail.com
      Phone number :+16474864724 (Whatsapp Only)

      Delete
  2. That is the risk of the unsecured personal loan. But for Migration, it can be checked but if you are talking about abandoning Singapor, quit your job, sell your house to hide oversea and come back every month. 1st it is not worth it cause the most you can loan from these loan dinosaur is 3k if you earn a lot but usually it is 1k. For that 1k, probably it is not worth it. As they are linked, the most u can borrow from different moneylender although is most 3k. Still not worth it. The debt collectors can go frequently house visit but they can't do much as the moneylender license is at stake and few thousand cannot be sued bankrupt. It will then be put as bad debt.

    ReplyDelete
  3. hi,
    its wrong that someone take a loan and he should go or migrate from that country to other without any investigate.cia or other intelligence branch can take the action any part of the world.

    ReplyDelete
  4. You make it sound as though the moneylenders are conspiring to keep the fees high... but how can that be? There are 250 of them. Do you suppose all 250 lenders meet secretly and decide to keep the fees high? If just one of them were to go against the group they would get all the business! Fees are high because short-term, unsecured, subprime credit is a *very* risky business! If you don't like the terms don't borrow!

    ReplyDelete
  5. go & check ipto, they are linked

    ReplyDelete
  6. This comment has been removed by the author.

    ReplyDelete
  7. It's a well created & highly informative post. Thanks for sharing.....



    Debt Consolidation Loans

    ReplyDelete
  8. Dear Investors/Financial Seekers.


    We are a Registered Private Investors/Loan Lender! Do you need FINANCIAL ASSISTANCE? Are you in financial mess OR debts? We offer loan at 3% interest rate within 1 year to 30 years repayment duration period to Individual and Companies that are in need of financial assistance and to any part of the world.


    We give out loans ranging from $5,000.00 to $500,000,000.00, CURRENCIES: USD, CAD, KWD, OMR, SGD, RUB, GBP, AUD, MYR, ZAR, IDR, UAH, PHP, EURO.


    Our loans are well insured for maximum security is our priority, Are you losing sleep at night worrying how to get a legit loan lender? Are you in poverty? Do you need financial assistance to set-up a business? We can assist you financially. We'll help you get over those financial obstacles.


    Interested Individual OR Companies should contact us via:

    Email:{linpohloanfirm@yahoo.com.sg}

    Regards,

    Lin Poh Loan Firm Team.

    ReplyDelete
  9. Loan! Loan!! Loan!!!

    We are Yun Chung Loan Firm! We are a Government Approved/Registered Financial Company. Do you need a loan? Do you need investment funds? Are you in any financial crisis or do you need funds to start up your own business? Do you need loan to settle urgent debts and stay with one lender? Do you need loan to pay off your bills? Do you have a low/poor credit score and you are finding it hard to obtain loan from your local banks and other financial institutes? Here is your chance to obtain a loan from our company.

    We offer loans to individuals and cooperate bodies at a basic interest rate of 3% without credit check. We offer all kinds of loan from a Minimum amount of $3,000 to $100,000,000 Maximum. We offer Local & International Loan in any currencies worldwide. If you are interested in obtaining a loan from us, do not hesitate to send your request to: {yunchungloanfirm@yahoo.com.sg} And the Loan Application will be send to you! Thanks for your patronage as we await your response.

    ReplyDelete
  10. My names are Phoenix Robyn.I am a single parents.I needed an urgent loan for business and clearing of debts.I met a reverend who directed me to Mr.Elvince Mike. Elvince LOAN who granted me $30,000 USD without stress.Since then I have decided to publish their genuineness all over the internet for those who require loan to see and to avoid being scammed as there are a lot of scammer's out there. I have been scammed before until I met Mr. Elvince Mike my story changed,i know that this will be your loan solution that is why i am sending you this email,so below is the email to reach him. You can contact them on E-mail:

    elvince_loancompany@yahoo.com



    TELL THEM THAT I Phoenix Robyn REFER YOU TO THEM THAT THEY GAVE ME A LOAN
    SOMETIME AGO.

    I bet you that you won't regret it!

    Warm Regards.

    Robyn Phoenix.

    ReplyDelete
  11. Dear Loan Seekers,
    We are Cheng Loans Finance! We offer loans to Individual & Companies in need of financial assistance (Loan) at 2% interest rate for the duration of 1 to 25 years. Do you need a loan without stress or delay? Have you been turn down by your local banks? We offer International & Local Loans to interested clients for the amount of $5,000 USD to $100,000,000 USD OR (EUR, GBP, KWD, SGD, MYR), apply with us and get your loan approved without stress: Interested person should contact us via E-mails: {chengloansfinance@yahoo.com.sg} OR {gohcheng444@gmail.com}

    ReplyDelete


  12. GET YOUR LOAN INTO YOUR BANK ACCOUNT WITHIN 24HR CONTACT US


    Hello, Do you need a loan from The most trusted and reliable company
    in the world? if yes then contact us now for we offer loan to all
    categories of seekers be it companies or for staff usage. We offer
    loan at 3% interest rate, Contact us via email:
    homefund01@gmail.com

    (1) Full Name
    (2) Full Address
    (3) Country
    (4) Age
    (5) Occupation
    (6) Tell phone number
    (7) Sex:
    (8) Loan Amount needed:
    (9) Loan Duration

    Email us at: homefund01@gmail.com

    ReplyDelete


  13. Do you need an urgent loan we offer worldwide loan to who in need of loan the business opportunity you having being looking for is here again. email us now at: mrwilliam751@gmail.com
    LOAN APPLICATION FORM
    1) Full Name:
    2) Gender:
    3) Loan Amount Needed:.
    4) Loan Duration:
    5) Country:
    6) Home Address:
    7) Mobile Number:
    8)Monthly Income:
    9)Occupation:
    )Which did you here about us.

    Best Regards.

    ReplyDelete
  14. DO YOU NEED FINANCIAL ASSISTANCE? Contact PCM FINANCE GROUP! for any kind of financial needs! Are you an investor, business minded, worker, student or do you need startup funds? We offer low interest rate (3%) annual, 1 to 25 years duration and easy access of loan funds within 24 to 48 hours. Minimum amount $10,000.00 to $100,000,000.00 maximum (USD, EUR, GBP). E-mail { pcmfinance.group@gmail.com }

    ReplyDelete
  15. Do you need Personal Finance?
    Business Cash Finance?
    Unsecured Finance
    Fast and Simple Finance?
    Quick Application Process?
    Finance. Services Rendered include,
    *Debt Consolidation Finance
    *Business Finance Services
    *Personal Finance services Help
    Please write back if interested with our interest rate
    Contact us on whatspp +447513195409
    housingfinance22@gmail.com
    Mr Osman Ibrahim

    ReplyDelete
  16. Have you been looking for how to get access to a private loan lender? Are you facing financial difficulties and you need a cheap loan? Do you want to boost your business or looking for capital for start-ups? This is a very huge chance for you to get all your financial problems solved. I am Mr Rod Alfred a private loan lender. I offer all kinds of loans at 3% interest rate. Visit us for more details on (rodfinancing@gmail.com)

    ReplyDelete
  17. Hello Everybody,
    My name is Mrs Sharon Sim. I live in Singapore and i am a happy woman today? and i told my self that any lender that rescue my family from our poor situation, i will refer any person that is looking for loan to him, he gave me happiness to me and my family, i was in need of a loan of S$250,000.00 to start my life all over as i am a single mother with 3 kids I met this honest and GOD fearing man loan lender that help me with a loan of S$250,000.00 SG. Dollar, he is a GOD fearing man, if you are in need of loan and you will pay back the loan please contact him tell him that is Mrs Sharon, that refer you to him. contact Dr Purva Pius,via email:(urgentloan22@gmail.com) Thank you.

    BORROWERS APPLICATION DETAILS


    1. Name Of Applicant in Full:……..
    2. Telephone Numbers:……….
    3. Address and Location:…….
    4. Amount in request………..
    5. Repayment Period:………..
    6. Purpose Of Loan………….
    7. country…………………
    8. phone…………………..
    9. occupation………………
    10.age/sex…………………
    11.Monthly Income…………..
    12.Email……………..

    Regards.
    Managements
    Email Kindly Contact: (urgentloan22@gmail.com)

    ReplyDelete
  18. Are you in need of a loan? Do you want to pay off your bills? Do you want to be financially stable? All you have to do is to contact us for more information on how to get started and get the loan you desire. This offer is open to all that will be able to repay back in due time. Note-that repayment time frame is negotiable and at interest rate of 3% just email us (creditloan11@gmail.com)

    ReplyDelete

  19. Do you need Personal Loan?
    Business Cash Loan?
    Unsecured Loan
    Fast and Simple Loan?
    Quick Application Process?
    Approvals within 24-72 Hours?
    No Hidden Fees Loan?
    Funding in less than 1 Week?
    Get unsecured working capital?
    Contact Us At :oceancashcapital@gmail.com
    Phone number :+16474864724 (Whatsapp Only)

    LOAN SERVICES AVAILABLE INCLUDE:
    ================================
    *Commercial Loans.
    *Personal Loans.
    *Business Loans.
    *Investments Loans.
    *Development Loans.
    *Acquisition Loans .
    *Construction loans.
    *Credit Card Clearance Loan
    *Debt Consolidation Loan
    *Business Loans And many More:

    LOAN APPLICATION FORM:
    =================
    Full Name:................
    Loan Amount Needed:.
    Purpose of loan:.......
    Loan Duration:..
    Gender:.............
    Marital status:....
    Location:..........
    Home Address:..
    City:............
    Country:......
    Phone:..........
    Mobile / Cell:....
    Occupation:......
    Monthly Income:....

    Contact Us At oceancashcapital@gmail.com
    Phone number :+16474864724 (Whatsapp Only)

    ReplyDelete

  20. Do you need Personal Loan?
    Business Cash Loan?
    Unsecured Loan
    Fast and Simple Loan?
    Quick Application Process?
    Approvals within 24-72 Hours?
    No Hidden Fees Loan?
    Funding in less than 1 Week?
    Get unsecured working capital?
    Contact Us At :oceancashcapital@gmail.com
    Phone number :+16474864724 (Whatsapp Only)

    LOAN SERVICES AVAILABLE INCLUDE:
    ================================
    *Commercial Loans.
    *Personal Loans.
    *Business Loans.
    *Investments Loans.
    *Development Loans.
    *Acquisition Loans .
    *Construction loans.
    *Credit Card Clearance Loan
    *Debt Consolidation Loan
    *Business Loans And many More:

    LOAN APPLICATION FORM:
    =================
    Full Name:................
    Loan Amount Needed:.
    Purpose of loan:.......
    Loan Duration:..
    Gender:.............
    Marital status:....
    Location:..........
    Home Address:..
    City:............
    Country:......
    Phone:..........
    Mobile / Cell:....
    Occupation:......
    Monthly Income:....

    Contact Us At oceancashcapital@gmail.com
    Phone number :+16474864724 (Whatsapp Only)

    ReplyDelete
  21. Do you need a Loan?
    Are you looking for Finance?
    Are you looking for a Loan to enlarge your business?
    I think you have come to the right place.
    We offer Loans at low interest rate.
    Interested people should please contact us on
    For immediate response to your application, Kindly
    reply to this emails below only.
    Whats app +919205646839
    neadneadloan@gmail.com

    Please, do provide us with the Following information if interested.

    1) Full Name:………
    2) Gender:………
    3) Loan Amount Needed:………
    4) Loan Duration:………
    5) Country:………
    6) Home Address:………
    7) Mobile Number:………
    8)Monthly Income:…………………
    9)Occupation:………………………
    )Which site did you here about us…………………

    Thanks and Best Regards.
    neadneadloan@gmail.com
    Whats app +919205646839

    ReplyDelete

  22. Do you need Personal Loan?
    Business Cash Loan?
    Unsecured Loan
    Fast and Simple Loan?
    Quick Application Process?
    Approvals within 24-72 Hours?
    No Hidden Fees Loan?
    Funding in less than 1 Week?
    Get unsecured working capital?
    Contact Us At :oceancashcapital@gmail.com
    Phone number :+16474864724 (Whatsapp Only)

    LOAN SERVICES AVAILABLE INCLUDE:
    ================================
    *Commercial Loans.
    *Personal Loans.
    *Business Loans.
    *Investments Loans.
    *Development Loans.
    *Acquisition Loans .
    *Construction loans.
    *Credit Card Clearance Loan
    *Debt Consolidation Loan
    *Business Loans And many More:

    LOAN APPLICATION FORM:
    =================
    Full Name:................
    Loan Amount Needed:.
    Purpose of loan:.......
    Loan Duration:..
    Gender:.............
    Marital status:....
    Location:..........
    Home Address:..
    City:............
    Country:......
    Phone:..........
    Mobile / Cell:....
    Occupation:......
    Monthly Income:....

    Contact Us At oceancashcapital@gmail.com
    Phone number :+16474864724 (Whatsapp Only)

    ReplyDelete
  23. Do you need Personal Loan?
    Business Cash Loan?
    Unsecured Loan
    Fast and Simple Loan?
    Quick Application Process?
    Approvals within 24-72 Hours?
    No Hidden Fees Loan?
    Funding in less than 1 Week?
    Get unsecured working capital?
    Contact Us At :oceancashcapital@gmail.com
    Phone number :+16474864724 (Whatsapp Only)

    LOAN SERVICES AVAILABLE INCLUDE:
    ================================
    *Commercial Loans.
    *Personal Loans.
    *Business Loans.
    *Investments Loans.
    *Development Loans.
    *Acquisition Loans .
    *Construction loans.
    *Credit Card Clearance Loan
    *Debt Consolidation Loan
    *Business Loans And many More:

    LOAN APPLICATION FORM:
    =================
    Full Name:................
    Loan Amount Needed:.
    Purpose of loan:.......
    Loan Duration:..
    Gender:.............
    Marital status:....
    Location:..........
    Home Address:..
    City:............
    Country:......
    Phone:..........
    Mobile / Cell:....
    Occupation:......
    Monthly Income:....

    Contact Us At oceancashcapital@gmail.com
    Phone number :+16474864724 (Whatsapp Only)

    ReplyDelete
  24. Invest with 200$ and get a returns of 5,000$ within seven business working days.
    Why wasting your precious time online looking for a loan? When there is an opportunity for you to invest with 200$ and get a returns of 5,000$ within seven business working days. Contact us now for more information if interested on how you can earn big with just little amount. This is all about investing into Crude Oil and Gas Business.

    Email: investmoneyoilgas@gmail.com

    ReplyDelete