Smart Borrowing Tips: How to Choose the Right Loan
Most people choose a loan the wrong way round. They work out how much they can borrow, borrow close to it, and then discover what the monthly repayment does to their budget. The better order is the reverse: work out what you can comfortably repay each month, and let that decide the size of the […]
Before You Borrow: How to Spot Illegal Moneylenders in Singapore
If you have searched for blacklisted moneylenders in Singapore, you are probably trying to answer a simple question: is this lender safe to deal with? The good news is that there is a definitive way to check; it takes about a minute, and it does not depend on reviews, forum posts, or word of mouth. […]
Can a Licensed Moneylender Charge You More Than You Borrowed?
No. Borrow S$5,000 from a licensed moneylender in Singapore, and the interest and fees on that loan can never add up to more than S$5,000, however long the loan runs or however many payments are missed. That is not a lender’s goodwill gesture. It is a statutory ceiling written into the Moneylenders Rules, and it […]
How Is the 4% Monthly Interest Rate on a Licensed Moneylender Loan Calculated?
Licensed moneylenders in Singapore may charge no more than 4% interest per month, and as of September 2026, that ceiling applies regardless of your income and whether the loan is secured or unsecured. The number most borrowers get wrong is not the rate. It is the base the rate is applied to. Under the Moneylenders […]
How Much Can You Borrow from Licensed Moneylenders?
For unsecured loans, how much you can borrow depends on your annual income and residency status, and applies across all licensed moneylenders combined, not per lender. As of August 2026, Singapore Citizens and Permanent Residents earning under S$20,000 a year can borrow up to S$3,000 in total; those earning S$20,000 or more can borrow up […]