Looking for moneylenders
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Hi there I'm looking for a private loan. Can anyone hook me up,
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SGDirectory - The #1 Loan Directory In Singapore : www.sgdirectory.sg/personalloan
iONEfunds.com : http://www.ionefunds.com
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What is Unlicensed Moneylending?
Moneylending in Singapore
Under the Moneylenders Act 2010 (Revised Edition), Chapter 188, anyone who wishes to operate a moneylending business is required to apply for a Moneylender’s Licence from the Registrar of Moneylenders. Licensed Moneylenders are required by law to abide to the provisions under the Moneylenders Act and its Rules. For more information on Moneylending in Singapore and how one can apply for a Moneylender’s licence, the public can visit the Insolvency & Public Trustee’s Office (IPTO) website at the following link.
Verifying whether a moneylender is legal
To verify whether a moneylender is licensed, the public may access the IPTO website at the following link to check against an updated list of licensed moneylenders maintained by the Registry of Moneylenders.
What are loansharks?
Loansharks are unlicensed moneylenders, who illegally give out loans when not licensed to do so by the Registry of Moneylenders. Loansharks often lend money at unfair terms, such as at exorbitant rates of interest as high as 20% and 1018% per annum, frequently to people who are desperate for money and unable to get loans from legitimate sources.
Because they operate outside the law, loansharks resort to unscrupulous and often violent harassment acts to ensure repayment from their debtors. These include splashing paint on the front doors’ of debtors and innocent bystanders; scrawling graffiti detailing debtors’ personal details on walls; sending “Hell Notes” to frighten debtors; locking the front doors of debtors’ units; damaging cars belonging to debtors and innocent residents; and even setting fire to the front doors’ of debtors.
Loansharks are also known to outsource their illegal business by employing the vulnerable for their operations. These may include forcing debtors who are unable to repay their loans to conduct acts of harassment on other debtors; offering youths quick cash in return of committing acts of harassment; and offering money to people who open bank accounts to facilitate in their illegal money transfers.
What constitutes loansharking activities
Those who may dabble in loansharking activities of any nature are warned, as Police take a serious view on such offences.
Anyone who contributes or facilitates a loansharking operation will not escape the law. Persons carrying out any of the following acts are deemed to have participated in loansharking activities:
Carrying out acts of loanshark harassment (eg. splashing paint, scribbling on walls, setting fire; locking gates; sending hell notes);
debt collection;
providing funds or allowing premises to be used for loansharking business;
providing or selling prepaid SIM cards to loansharks;
opening bank accounts to facilitate fund transfers of loansharking syndicates;
promoting or advertising loansharking activities;
giving instructions to carry out harassment;
provide transport for runners; or
acting as a lookout or verifying harassment on behalf of the loansharks.
Punishments
Assisting loansharks:
First-time offenders – fine between $30,000 and $300,000, jail up to four years, liable to six strokes of the cane
Repeat offenders – fine between $50,000 and $500,000, jail up to five years, liable to 12 strokes of the cane
Conducting acts of harassment:
First-time offenders – fine between $5,000 and $50,000, jail up to five years, liable to six strokes of the cane
Repeat offenders – fine between $6,000 and $60,000, jail up to nine years, liable to 12 strokes of the cane
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National Crime Prevention Council (NCPC)X Ah Long Hotline 1800 - 924 5664If you have information about illegal money lenders, call the X Ah Long Hotline. All calls are private and comfidential. Your details will not be asked or recorded in this hotline.Website: http://www.ncpc.gov.sgNational Council on Problem Gambling (NCPG) Helpline 1800 - 666 8668If you experience difficulty in controlling your gambling, you may have a gambling addiction, which could lead to serious personal, financial and family issues. Before it becomes a problem, know where to draw the line. Help is available.Website: http://www.ncpg.org.sg
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Stay vigilant, report loansharking activities
The public can help the Police with their vigilance and immediate reporting of suspicious persons and loanshark harassment activities in their neighbourhoods. Police seek the public’s assistance to provide detailed descriptions of such persons and to work with the Police to solve the case. The public should however avoid doing anything which would put them in harm’s way.
To provide Police information on loansharking activities, members of the public can call the Police Hotline at 1800-255-0000 or to dial ‘999’ if urgent assistance is required.
Alternatively, persons who may not want to approach the Police directly may call the National Crime Prevention Council’s (NCPC) ‘X Ah Long’ Hotline at 1800-924-5664 (1800-X-AH-LONG) (9am to 5pm from Mondays to Friday) to provide the information which will be channelled to Police to assist us with our investigations. All information will be kept strictly confidential.
Victims of loansharking activities
Victims of loanshark harassment are advised to lodge a Police report at the nearest Neighbourhood Police Centre or to dial ‘999’ if urgent assistance is required. Police will investigate into all reports of loanshark harassment. They can also consider installing CCTVs at their residence to deter harassment and to provide Police with footage capture to assist with our investigations.
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MoneySENSE - A National Financial Education Programme
MoneySENSE is a national financial education programme launched by Mr. Lee Hsien Loong, then Deputy Prime Minister and Chairman of the MAS on 16 October 2003. MoneySENSE brings together industry and public sector initiatives to enhance the basic financial literacy of consumers.
The MoneySENSE programme covers 3 tiers of financial literacy:- Tier I - Basic Money Management - which covers skills in budgeting and saving, and provides tips on the responsible use of credit;
- Tier II - Financial Planning - to equip Singaporeans with the skills and knowledge to plan for their long-term financial needs; and
- Tier III - Investment
Know-How - which imparts knowledge about the different
investment products and skills for investing.
MoneySENSE is a national financial education programme launched by Mr. Lee Hsien Loong, then Deputy Prime Minister and Chairman of the MAS on 16 October 2003. MoneySENSE brings together industry and public sector initiatives to enhance the basic financial literacy of consumers.
Since its launch in October 2003, MoneySENSE has published over 253 educational articles in the media, organised talks, seminars and workshops that have attracted over 93,000 participants as well as issued 29 consumer guides with a total circulation exceeding 2.2 million.
MoneySENSE has also disseminated financial tips and messages in interesting ways such as a series of games at the inaugural MoneySENSE 2006 Roadshow which attracted over 89,000 visitors, organised a MoneySENSE-CPF inter-polytechnic financial education outreach that saw over 33,000 visitors, and subsequent roadshows at the Institute of Technical Education and various locations. In addition, MoneySENSE commissioned TV shows “Dollar and Sense” and “Mind Your Money” which saw over 1.1 million viewers, and various radio programmes with total listenership exceeding 1 million.
The MoneySENSE programme covers 3 tiers of financial literacy:
- Tier I - Basic Money Management - which covers skills in budgeting and saving, and provides tips on the responsible use of credit;
- Tier II - Financial Planning - to equip Singaporeans with the skills and knowledge to plan for their long-term financial needs; and
- Tier III - Investment Know-How - which imparts knowledge about the different investment products and skills for investing.
MoneySENSE is spearheaded by the public-sector Financial Education Steering Committee (FESC). The FESC provides strategic direction and oversees financial education programmes in Singapore. It comprises representatives from the Ministry of Social and Family Development, Ministry of Education, Ministry of Manpower, Central Provident Fund Board, Monetary Authority of Singapore, National Library Board and People's Association.
The FESC works closely with the MoneySENSE Industry Working Group (MIWG) to implement MoneySENSE programmes. The MIWG comprises the Association of Banks in Singapore, the Association of Financial Advisers (Singapore), the Consumers Association of Singapore, the Financial Planning Association of Singapore, the General Insurance Association of Singapore, the Insurance and Financial Practitioners Association of Singapore, the Investment Management Association of Singapore, the Life Insurance Association of Singapore and Singapore Exchange Ltd. -
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Hi im looking for a $4000 loan urgently
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Maxi-Cash Financial Services Corporation Ltd (“Maxi-Cash”) is a provider of financial services in the form of pawnbroking and the retail and trading of
The Leader and Innovator in the Pawnbroking Industry
pre-owned jewellery and watches. Today, Maxi-Cash® has the largest network of pawnshops and retail outlets in Singapore which are prominently and conveniently located near bus interchanges and MRT stations.
As the leader and innovator in the pawnbroking industry, it has paved the way in
changing the overall image of pawnbroking by allowing customers to enjoy
modern ”bank-like” pawning experience to meet their short-term financial needs.
Over the years, customers have come to recognize trust, transparency and
reliability as the basic hallmarks of the Maxi-Cash® services. -
Yellow Gold (916, 20K and 18K)
White Gold
Diamond Jewellery
Solitaires
Certified Diamonds
Branded Timepieces
At Maxi-Cash®, we care about your financing needs. You can depend on us to provide professional advice during those moments in life when you need cash.
Warm and reliable service awaits you at our modern pawnshops. Our friendly staff are experienced and trained to:
Listen to your financial needs
Give the highest valuation for your precious items
Give a loan – fast
Provide safe storage for your pledged items -
A traditional business in a contemporary mould
We believe that to break the rules, one must first know the rules. We know that the pawn business is widely regarded as a traditional form of collateral lending, and many people think that it has fallen behind in this technological driven economy. We strive to offer a different approach to this pawn broking business by conducting our business in a contemporary and forward thinking fashion. No effort has been spared to bring cutting edge technology and modern tools to our trade, to allow us to provide better service to you.
Heng Seng Pawnshop has been in this trade for a long time and we lead a team of loyal, experienced staff to provide reliable pawn broking services to you.
OUR philosophy of doing business...
We are proud of our profession and do not hide behind fancy names. We are professional. We believe in HONEST and FAIR trading. We firmly believe in customer satisfaction and we endeavour to be competitive in our trade.
If you are honest and reliable, you willl find us more than fair. If we get to know you, your word will count as much as the goods you bring. We would much rather you pick up your pawn than us selling it, regardless of its value.
We will work towards that end. Should you have any problems, please do not hesitate to contact us.
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Who can pawn? - Above 16 years old with a valid I/C, passport or foreign documents
What can pawn? - Any valuables (e.g. gold, jewelries, branded watches etc)
Why pawn? - Simple, hassle-free procedure that gives you instant cash loans in minutes
4 easy steps to get instant loans!!!
Step 1 - Bring in your valuables for us to valuate.
Step 2 - We will then pawn you the valuation price given by our friendly staffs.
Step 3 - We will print a pawn ticket based on the loan amount, items and weight of your valuables.
Step 4 - You will then receive the pawn ticket and cash.
Pawn Contract Rules
1.5% interest per month
Interest charge = Loan amount x 1.5% per month
6 months validity
Come in anytime within 6 months of your pawn-in date to renew your ticket or to redeem your items
To renew your ticket, please pay us the 1.5% per month interest and extend your validity for another 6 months
To redeem(take out) your items, please pay us the (1.5% per month interest + loan amount)
e.g. You take a loan amount of $100.
To renew after 6 months = ($100 x 1.5% per month) x 6 months
= $9.00
To redeem (take out) after 6 months = [($100 x 1.5% per month) x 6 months] + loan amount
= $109.00
Want more cash from your existing pawn ticket?
E.g. Your valuables might be worth $100 at the pawn-in time but you only pawn $50 to tide over your money crisis.
After 1 month later, you realized you need more cash. Come back to us with your pawn ticket, verify you are the pawner and our staff will increase the pawn amount to $100 (provided your valuables are still worth $100 in a month's time).
All you have to do is to pay us 1 month interest ($50 x 1.5% per month = $0.75) and we will give you another $50 and a newly printed pawn ticket of $100 loan (Please bear in mind that your interest is higher now ($100 x 1.5% per month = $1.50)).
Flexible installment payment
E.g. Your pawn ticket stated is $100 cash loan. 1 month later you come back to us and request to reduce the pawn amount to $80.
All you have to do is bring your pawn ticket, pay us the interest of ($100 x 1.5% per month = $1.50) plus $20 (total of $21.50) to reduce the pawn amount to $80. Therefore your next interest payment is lower ($80 x 1.5% per month = $1.20) -
Is there any other way that i can get instant cash?
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rob a bank
like now you see me
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Originally posted by FireIce:
rob a bank
like now you see me
PSI 400 how to see
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bank is indoors wat
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If you are boy, go become gigolo.
If you are girl, go become hooker.
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then u should read " How to rob a bank for dummy"
i do have the money ....... but i m not going to lend it to u
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Don’t be tempted by fast and easy cash. In this crimewatch segment, see how the officers from the Criminal Investigation Department arrested 2 youths, who were employed by loansharking syndicates to harass their debtors.
More youths have been arrested for loansharking and harassment activities in the first half of this year as compared to the same period last year. A key reason for youth involvement in loansharking and harassment is to make a quick buck.
“Second Thoughts” is a cautionary tale of the consequences of youths getting involved with loansharks. Of how one youth yearned after a lifestyle of easy money, borrowed money from loansharks and ended up being a runner for them.
This story aims to create “Second Thoughts” in the viewer’s mind about getting involved in loansharking activities and that crime does not pay.Others
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There is someone here who is willing to borrow from banks just to lend his friend money...
U need to go be his friend
