Our important target is to help public to make brilliant resolution. Our research workforce is try to filter out the perfect licensed cash lender in Singapore. By this fashion, you can save loads of time and afford to go looking across the moneylender. At the identical time, you possibly can keep away from get loan from ah long. Ah long is spamming in Singapore, and thousand of household is falling into the tragedy.
12. If a moneylender for the aim of his enterprise as such points or publishes or causes to be issued or printed any advertisement, circular or doc of any kind whatsoever containing expressions which could fairly be held to indicate that he carries on the enterprise of banking he shall be liable to a fine not exceeding 200 dollars and on a second or subsequent offence shall be liable to the wonderful aforesaid or to imprisonment for a time period not exceeding twelve months and an offender being a company shall for a second or subsequent offence be liable to a fine not exceeding one thousand dollars. (Amended by 2 of 1945, s. 117.)
In 2014, businessman Goh Meng Leong borrowed $350,000 from a licensed moneylender company at an annual curiosity price of 240 per cent. Over two years, Mr Goh paid back a total of $700,000 in instalments to ABK Leasing. Nevertheless, although Mr Goh had paid again twice the quantity he had borrowed, he still owed the company a further $900,000 extra.
You can find us close to the MRT in Singapore. As a cash lender in Clementi, Don’t hesitate to provide us a call as we consider our companies will suit your each want. Prominently located within the west finish of Singapore right beside the MRT, our moneylender Singapore office is handy and easily assessible and near Clementi MRT singapore. Alternatively, go to our contact page to search out out where exactly we are in the west aspect of Singapore.