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Borrowed capital

Floating rate

Loan term

Credit score

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The Moneylenders Act in Singapore governes the operations of moneylenders within the country. It's aimed to safeguard borrowers from predatory lending schemes. The Act sets restrictions on interest rates, expenses, and other clauses that moneylenders can impose on borrowers. It also grants solutions to borrowers who experience issues with their moneylender.

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Individuals who require a loan should carefully scrutinize the terms before committing into any contract with a moneylender. It's also essential to comprehend your duties under the Moneylenders Act.

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Before you apply a loan, it's important to compare rates and comprehend the terms and conditions carefully. Keep in mind that interest rates can vary between lenders, so ensure you're getting a fair deal.

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A registered moneylender will negotiate on your behalf here creditors to lower your monthly payments and may even consolidate your debts.

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Before engaging a moneylender, it's essential to review their reputation and ensure they are legally licensed. Look for glowing reviews from past clients.

A licensed moneylender in Jurong East can be a valuable resource for individuals facing debt. They offer expert assistance to manage your debt-related problems.