loan needed
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hi! just like to ask where can i find a loan other than from the newspaper or bank??? pls help me... thanks..!
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loan for what purpose?
maybe u can check out the post office. -
What kind of loan? Education can ask from parents, but need to pay back, maximum of 10 years. Financial loans, there is SingPost if you are in Singapore.
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got some debts to clear... hope someone can lend me and i will pay back with interest....
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first of all if you are fishing for loans here,you should stop b4 the flaming comes.Why the hell should someone lend money to someone who cannot prove his credibility?
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how much you need?
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well.. im just trying my luck...Originally posted by Aveme:first of all if you are fishing for loans here,you should stop b4 the flaming comes.Why the hell should someone lend money to someone who cannot prove his credibility? -
Lending money to friends already very hard to get back liao, let alone lending to strangers....
A female friend of mine borrowed 30 dollars, until now 3 months already still don't have the ability to pay me back...
She also claimed pay back with interests and that she has a job.
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abt $5k...Originally posted by leo-kun:how much you need? -
well im a man of a word... if somebody lend me... i will sign bond with that person... photo copy my ic blah blah blah blah... i will make sure that person can sue me in court if i nv return...Originally posted by XciteZ:Lending money to friends already very hard to get back liao, let alone lending to strangers....
A female friend of mine borrowed 30 dollars, until now 3 months already still don't have the ability to pay me back...
She also claimed pay back with interests and that she has a job. -
in the first place,such a loan is considered as an illegal loan so such documents will not be recognized by the singapore court
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.Originally posted by XciteZ:Lending money to friends already very hard to get back liao, let alone lending to strangers....
A female friend of mine borrowed 30 dollars, until now 3 months already still don't have the ability to pay me back...
She also claimed pay back with interests and that she has a job.
$30 also must make a big fuss. instead of waiting for her ,why don u go ask her for the money. confirm will lose face -
Sue you for $5k...?Originally posted by shin-kyo:well im a man of a word... if somebody lend me... i will sign bond with that person... photo copy my ic blah blah blah blah... i will make sure that person can sue me in court if i nv return...
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wait she goes around scolding u a cheapo, petty and ungentlemen bastard.Originally posted by used:.
$30 also must make a big fuss. instead of waiting for her ,why don u go ask her for the money. confirm will lose face -
What is your current status...?Originally posted by shin-kyo:abt $5k...
As in working...? Student..? What's your current income if any...?
Can't you try to borrow from relatives..? Close friends..? Advance pay..?
Who do you owe...? -
Lolx. Must be WC Fever.
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If you are working, can ask from your company.Some company provide loan benefit to their stuff.
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I.O.U is illegal?Originally posted by Aveme:in the first place,such a loan is considered as an illegal loan so such documents will not be recognized by the singapore court
Court need to have papers in black and white leh.
Then what assurance can lender have? -
Neither a lender nor a borrower be....
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my piece of advice.. don't ever loan to him..
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yes such private loans that involve interest is illegal,unless of course someone here wants to give this person an interest free loanOriginally posted by pqr:I.O.U is illegal?
Court need to have papers in black and white leh.
Then what assurance can lender have?
Under the Money lending act chapter 188
http://statutes.agc.gov.sg/non_version/cgi-bin/cgi_legdisp.pl?actno=1959-REVED-188&date=20060615&method=whole&doctitle=
What is defined under the law as a moneylender under provision 3 (applies here since this person asking for a loan wants to pay interest)
Certain persons and firms presumed to be moneylenders.
3. Save as excepted in paragraphs (a) to (e) of the definition of “moneylender” in section 2, any person who lends a sum of money in consideration of a larger sum being repaid shall be presumed until the contrary is proved to be a moneylender.
What a moneylender must do for his loans to be legal
Licences to be taken out by moneylenders.
5. —(1) Every moneylender residing and carrying on the business of moneylending in Singapore whether as principal or as agent shall take out a licence annually.
If you do not have this licence,you will be considered as giving an illegal loan,and thus under provision 15
Contract by unlicensed moneylender unenforceable.
15. No contract for the repayment of money lent by an unlicensed moneylender shall be enforceable:
and this is why loansharking is illegal and loan sharks have no recourse on using the law to get back what they have lent out. -
Those not going to lend can just keep quiet...i don't see any neccessary means to flame or pinpoint or even lecture him....
As he has said he was just trying his luck if anyone wanna lend him, so, those wanna lend him just go ahead...and those not going to lend him, just siam lor...