Personal Finance
What Are Licensed Money Lenders & Should You Borrow From Them?
By Seedly  •  September 30, 2022
We know life is filled with unpredictability and sometimes, we may run into emergencies where we need money. But, how? Lend money Source: Tenor When you’re caught in a financial rut, besides banks, do you know that money lenders exist? I’m referring to licensed money lenders and not unlicensed money lenders aka loan sharks. These services allow you to make a quick turn to relief your finances temporarily, but of course, you will incur interest in the process of borrowing. Let’s find out how this entity works, and whether it can be an option for you to consider when borrowing!

TL;DR: What Are Licensed Money Lenders & Their Interest Rates

What Are Licensed Money Lenders & Should You Borrow From Them_ Difference between a licensed money lender and a bank What to do if you’re unable to repay a licensed money lender in Singapore Best Licensed Money Lenders in Singapore

What Is a Licensed Money Lender?

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By Seedly
Launched in 2016, Seedly helps users make smarter financial decisions with its budgeting app which allows its 40,000 users to sync up their financial accounts and better manage their cash-flow. Last year, we introduced a new community feature which allows users to crowdsource knowledge from peers before making a financial decision.
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