7 Things a Licensed Moneylender Legally Cannot Do to You in Singapore (2026)

the seven things a licensed moneylender in Singapore is legally not allowed to do

Key Takeaways Interest is capped at 4% per month on the outstanding balance, regardless of your income, your nationality, or whether the loan is secured Late interest is also capped at 4% per month, and it may only be charged on the amount that is actually overdue — not on the whole outstanding loan Permitted […]