October 15, 2015 / by Karen Tan / General / 0 comments
With the official capping of monthly interest rate charged by licensed money lenders in Singapore to 4 per cent since 1 October 2015, many of these credit companies have now switched their customers to weekly loan contract (instead of monthly) in order to circumvent the law and cover their losses in interest income. All these […]
Read more
Read more about these posts of Platinum Credit’s Licensed Money Lender Blog that are labelled with the tag of Weekly Contract.
Weekly VS Monthly Loan Contract – What You Need to Know
October 15, 2015 / by Karen Tan / General / 0 comments
With the official capping of monthly interest rate charged by licensed money lenders in Singapore to 4 per cent since 1 October 2015, many of these credit companies have now switched their customers to weekly loan contract (instead of monthly) in order to circumvent the law and cover their losses in interest income. All these […]
Read more