Moneylenders Act Singapore: Rules, Rates & Limits Guide
Key Takeaways The Moneylenders Act Singapore protects borrowers. It regulates how licensed lenders operate, ensuring fair practices, transparency, and protection from unethical behaviour. Interest rates and fees are strictly capped. The permissible licensed money lender interest rate is capped at 4% per month, with clear rules on fees to prevent excessive charges. Only licensed lenders […]