Regardless of your requirements, it will always be better to take loans from a licensed moneylender singapore rather than from the illegal one. The reason is because it has several benefits to offer to you. In order to get you convinced, one of the reasons will be discussed below.
A benefit of borrowing money from a licensed money lender singapore is that it can be made sure that you will get protection when borrowing the money. Getting yourself protected is, indeed, important as it will be the one that prevents you from getting yourself a harassment which an illegal moneylender can give to you. Particularly, in Singapore, any licensed moneylender is required to follow strict laws which organise all the process of money lending in the country. If they happen to violate any of the laws, they have to be prepared to face some serious punishments. That is why borrowing money from the moneylender which has been licensed is, indeed, more beneficial.