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From applications to repayments — here’s everything you want to know.
A licensed money lender is an entity that holds a moneylending license. All licensed lenders are regulated by the Ministry of Law (MinLaw). To operate a moneylending business in Singapore, a licensed money lender must abide by the Moneylenders Act and Rules. A licensed money lender in Singapore that flouts these rules knowingly risks getting its license suspended, a jail term, or both.
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