#Easyfind vs easyfind2 how to#

In Singapore, the law requires all licensed money lenders to be transparent with borrowers when it comes to providing all pieces of information encompassing the loan terms. It is a major responsibility of the money lender to present clearly the terms and conditions of the loan contract in a language that can be understood by the borrower. Transparency in Presenting the Terms of the Loan Contract

#Easyfind vs easyfind2 how to#

Since the last thing you want to deal with when you’re worried about your finances is to fall into the trap of a loanshark, it makes perfect sense to check out these tips on how to determine whether the money lender is legal and trustworthy or not. They may also intimidate and threaten borrowers during the loan application and repayment process, and these actions can add to the stress and concern of borrowers. What they do is to perform unorthodox business practices and require massive fees and interest rates about 40 percent or higher. However, you need to be aware of the fact that there’s such a thing as “ loansharks” or illegal lenders who charge a very high rate to borrowers just because they are desperate for a loan. They make the entire moneylending process simple for you, which is why they are usually the best option for those who are unsure about getting approval from a bank. There’s no doubt that licensed money lenders can save you from so much stress and burden if you find yourself worried about your finances. Moneylenders in Singapore – Qualities to Look For By knowing the differences, you will uncover what is ah long and how licensed moneylender works. With the presence of loan shark or ah long, it is essential that you know the difference between licensed moneylenders and illegal money lender in Singapore.

However, illegal money lenders in Singapore are present and this is making moneylending much more complicated and worrisome. This is why many people think about going straight to moneylenders to apply for a personal loan since they offer a faster and more seamless way of borrowing the amount you need. But the thing is, taking out a bank loan is not that easy or convenient, considering all the hurdles you need to go through with the paperwork, waiting period, and the anxiety of not knowing whether you will be approved of a loan or not. At one point or another, you may find yourself in need of a source of emergency funds in case financial issues arise.