Recently, in the news we have information that a certain moneylender is not only charging exorbitant prices in Singapore towards desperate business owners. Interest rates ranging from 5-8% a month. Somewhere between 60-80% per annum which is highly ridiculous and impossible for business owners to survived. Is as good as hitting the nail in the coffin to seal their fate once business owners have borrowed from lenders like them.
We are writing to warn business owners against dirty moneylenders like these. Which we won’t name them and not only that they are trying to bankrupt a certain property developer in the market using dirty tactics.