Licensed Moneylender Scam Singapore: 7 Red Flags Most Borrowers Miss in 2026
Key Takeaways Licensed moneylenders in Singapore are legally prohibited from sending unsolicited WhatsApp, SMS, or Telegram messages. Any loan offer through these channels is a scam. Legitimate lenders never ask for upfront fees. Admin fees are capped at 10% of the principal and are only deducted AFTER loan approval, never before. Every licensed moneylender must […]
