If you are in cash shortage now , it is the best way to find a legitimate money. but also the safest option, Singapore licensed money lender are not very difficult to find, and they are always available, so people can always be from a respected loan provider, as long as they want to. If you want to find the Singapore licensed money lenders, there are some things you can do to make sure you get what you want.

The first thing for you to make sure is you are dealing with a legal money lender. If go to national banks to get a loan is your choice, you can sure that you are
dealing with a licensed business. But if you do not want to take this route, and instead go to moneylenders to get a loan, you have to ask the money lenders if they are legal. Some money lenders may get offended when you inquire about their license status, so it is best for you not to go to illegal money lenders looking for a loan.

You see your lender is authorized to give a loan of another way is to contact the lender registry. Each Singapore licensed money lender must be registered with the service to operate as a licensee. If your bank is not registered, it is not a legal person. They are able to fake business licenses, but there is no way to cheat the lender’s registry, if you’re in contact with this service, they are always able to find the real you.

One of the most basic and common sense ways for you to check out if a service is legit on a basic level is to see if the service requires to sign contracts in order to get a loan. If there is no contract, it is a sure sign that something is wrong. If you are in this situation, you need to go somewhere else.

Interest rates can also indicate whether a lender is legit or not. Interest rates for legal loans are usually very low, no matter what kind of loan it is. If you go to
a service, and the service has a high interest rate, five percent or higher, then it is a sign that you are probably dealing with a loan shark trying to trap you into
paying interest for the rest of their life. If you only deal with a legal money lender in Singapore, you don’t have to worry about having to pay enough interest on a loan to bankrupt. Singapore licensed money lender also normally provide better service to their customers than places that are not licensed.