Sumo Credit Pte Ltd | Top Licensed Money Lender In Ang Mo Kio Singapore
101, UPPER CROSS STREET,
#01-24, PEOPLE’S PARK CENTRE,
Licence No. 62/2017
262, BALESTIER ROAD,
Licence No. 115/2017
With the rise of unlicensed moneylenders on the Internet, Katong Credit has created this list of valid licensed moneylenders registered in the Republic of Singapore. This list is based on Registry of Moneylenders of the Ministry of Law, so that borrowers can be sure that they are applying a legal loan from a licensed moneylender.
Under the advertising rules, which took effect on 1 November 2011, licensed moneylenders are only permitted to advertise only through these three channels:
(a) business or consumer directories (in print or online media);
(b) websites belonging to the moneylender; and
(c) advertisements placed within or on the exterior of the moneylender’s business premises.
All other channels are prohibited.
(Therefore those moneylenders that you see advertising via Google Adwords and Facebook Ads, are usually unlicensed moneylenders and you should avoid them at all cost.)