Registry of Moneylenders: Your Guide to Safe Borrowing
Key Takeaways The Registry of Moneylenders (RoM) lets borrowers confirm whether a money lender is legally authorised to operate in Singapore. The Moneylenders Act establishes the legal framework that licensed money lenders must follow, including rules on interest rates, fees, contracts, and borrower protections. Borrowers should compare a lender’s business name, licence details, address, and […]