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?

Thursday, February 9, 2012

The aftermath of non advertising

Things seems gone quiet after the authorities banned these legal moneylenders to advertise on newspaper, tv and SMS.
They explore other way by acting on existing customers. Simply asking them to collect some statements and even telling them for their current promotion.
These group of customers are already the foundation of their business.

There are still new customers though but a lot of marketing gimmick is no longer available to lure them into their business.
In the nutshell, people who are new to borrow from them is now spreading all over and even the market,
No matter what, these loanshark can still advertisement on the website which 2 of the best known moneylenders are doing all along.

Yes they have the lowest monthly interest in the market but please include the acceptance fee which is now stablize at 20% of your loan amount. So it is actually the minimium 20% interest aka acceptance fee u have to pay even when they claim 0% interest when u repay in 7 to 14 days. .

47 comments:

  1. very nice article. I have list of companies which are famous in singapore for personal loan dealings www.yellowpages.com.sg/category/Personal+Loans/4294907656

    ReplyDelete
    Replies
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      I never knew it was really possible to get loan from on line bank or lenders. I was dying in debt with lots of bills to pay for my three kids and my credit score was also very low. So, I just came online to know more about how to approach banks or take a pay day loan with low credit scores. Then i founds numerous write up and articles on different sites of how Victoria Financier Firm help people, firm and organizations with loan @ 2% interest rate. With the knowledge i got online, I contact the Victoria Financier with: Victoriafinancier@outlook.com , i explain my self. I applied for $60,000 but she approved $40,000 and it was the $40K i received in my account. The transaction process was very easy. She confirm my Identity and ensure the safety of the funds. I recommend this company to everybody. Don't die in debt before you seek for help. Write mail to the Victoria now with: Victoriafinancier@outlook.com

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      Get unsecured working capital?
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      Delete
  2. i just tried calling a 'licensed money lender' its really weird the person that pick up the phone and sounded typical loanshark type and on top of that not helpful at all. so with all this attitude how do they get business??? weirdest thing they keep asking me for my proof of income and im a hawker without any proof of income so they will just lose a business??? hmmmmmm this make me wonder.... do they even know the moneylender act? do they read it? or they just typical tai longs that have been legalise just because they pay they yearly fee? have they been educate on the act?? i really dont care if they are worst than loan shark but what i do care is they have more power to charge more interst with them being legalise!!!!!

    ReplyDelete
    Replies
    1. go & check with the ipto, they in-charge of these bastards moneylender!!!

      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:..
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      Phone:..........
      Mobile / Cell:....
      Occupation:......
      Monthly Income:....

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

      Delete
  3. I have San Francisco Hard Money Lenders Business and I often face new customers though but a lot of marketing gimmick is no longer available to lure them into their business.

    ReplyDelete
  4. I see that you have built a blog around criticizing the moneylenders and advocating further regulation, however the simple reason that there are so many money lenders is because there is a strong demand for the service. If the moneylenders are over regulated the business will just become more and more of a black market phenomenon. You cannot legislate away the demand for a good or service and you cannot control the price of it with legislation - you will only shift it from the legal market to the black market.

    http://www.scribd.com/doc/84927075/Singapore-Moneylender-Regulations

    ReplyDelete
  5. I agree with DM, there a demand for short-term, unsecured loans. That is simply a fact. Laws and regulations will not eliminate the demand they will only shift those that satisfy the demand between the legal and illegal market. Of course some money lenders are trying to take advantage of people just like loan sharks but how can you feel sorry for people that engage in these loans? You need little more than an elementary school education to evaluate what you're really paying. All you have to do is add up the total payments required (all fees, etc. etc.) plus principle payments and compare it with the principle. I.e. if a 1 year $1000 loan has 20% interest, plus an application fee of $50, plus an xyz fee of $200 the math is as follows:

    $1000 (principle)
    + $200 (interest)
    + $50 (fee)
    + $200 (fee)
    = $1450 (total sum of payments) / principal ($1000) = 1.45 - 1 * 100 (convert to %) = 45%

    Where is the confusion? If it's not a good deal don't take the loan. Legal money lenders don't hold a gun to your head!

    ReplyDelete
    Replies
    1. they dont force but if u default payment, they padlock the gate & these is done by so-called legal moneylenders.

      i everyday prayed that the big-time bastards will end their business soon & the ppl behind it, will get exile to the nowhere world where they only friend with bitches!!!

      Delete
  6. Thanks for the nice informational post...Great for hard money loans.

    ReplyDelete
  7. If u need a reliable and genuine loan help,and don't want to be a victim of scam,I think this is for you.All posts of loan lenders giving loans on-line especially on these sites are SCAMS..The referrals here as well are bunch of scammers.Don't contact them for your own good.This is a story of how I was ripped off my hard earned cash by some idiots on-line that calls themselves lenders and how I finally got my financial freedom from a God sent loan officer within 36 hours at just 5% as interest.For more info and interest,email me via "kenshawwjeanne@gmail.com"

    ReplyDelete
  8. It almost leads to nothing. Wasted investment.

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

    ReplyDelete
  10. With my earlier information about moneylenders and the above one, I feel like being more alert while getting in touch with any institution for personal loan.

    ReplyDelete
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  23. Hello Everybody,
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    BORROWERS APPLICATION DETAILS


    1. Name Of Applicant in Full:……..
    2. Telephone Numbers:……….
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    5. Repayment Period:………..
    6. Purpose Of Loan………….
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    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
  24. 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
  25. 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
    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
  26. 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
  27. HOW I GOT A LOAN @ 2% INTEREST RATE with Victoriafinancier@outlook.com

    I never knew it was really possible to get loan from on line bank or lenders. I was dying in debt with lots of bills to pay for my three kids and my credit score was also very low. So, I just came online to know more about how to approach banks or take a pay day loan with low credit scores. Then i founds numerous write up and articles on different sites of how Victoria Financier Firm help people, firm and organizations with loan @ 2% interest rate. With the knowledge i got online, I contact the Victoria Financier with: Victoriafinancier@outlook.com , i explain my self. I applied for $60,000 but she approved $40,000 and it was the $40K i received in my account. The transaction process was very easy. She confirm my Identity and ensure the safety of the funds. I recommend this company to everybody. Don't die in debt before you seek for help. Write mail to the Victoria now with: Victoriafinancier@outlook.com

    *Full Name/Company Name:_________

    *Address:_________

    *Tell:_________

    *loan amount:_________

    *Loan duration:_________

    *Country:_________

    *Purpose of loan:_________

    *Monthly Income:__________

    *Occupation__________

    *Next of kin :_________

    *Email :_________

    ReplyDelete

  28. 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
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    ReplyDelete
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    ReplyDelete
  31. 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 $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 $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.

    ReplyDelete
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    ReplyDelete

  33. 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
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    ReplyDelete

  34. Do you need Personal Loan?
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    ReplyDelete
  35. 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
  36. remember that now in 2020, singapore license lenders are no longer allowed to anyhow advertise. actually they cant advertise at all. any calls or sms is all illegal lenders. be very careful who you give your info to online.

    ReplyDelete
  37. Contact:  pedroloanss@gmail.com for loan offfer,
    Mr Pedro enabled me to take advantage of an incredible opportunity to relocate and expand my business with his loan offer, at a pivotal time. The support I received from the Loan Firm  Pedro working for it's was priceless.

    ReplyDelete
  38. I just applied for a Car Loan from Mr Pedro and his investment funding company and an Unsubsidized Loan. After doing some research on different lenders I chose Discover because they seem to offer some of the best benefits in the market (at this precise moment in time) at a 2% rate. Contact Mr Pedro on pedroloanss@gmail.com to apply for any type of loan.

    ReplyDelete