In this article, we are going to talk about how a person can legally borrow money from a licensed lender. Also, how to know if they are licensed, who are licensed lender, and which are their prohibited practices.

Who are licensed moneylenders?

These are the people or a group of people who have been approved by the law to give loans to people. There are also several rules and regulations which they have to follow to give out loans. These rules have been set by the Ministry of Law, which was made by the Singapore government. These rules and regulations are followed by many lenders and are hence included in the list of licensed lenders.

They will only act as an agent who is responsible for lending money to the borrower. They will have to charge them all the fees and also interest rates according to the rules. If they want to be legal in the market, they have to follow everything that the law states. Then only will they be included in the list of the licensed lender, which is updated almost every month?

Moneylender Singapore gives you a lot of options from which you can choose according to your needs. They will give all the type of loan you want, and each will be of a different price. Also, there will be a huge difference between the interest rate on different loans available.

A licensed lender will never try to interact directly with a borrower as stated in the rules. This is because some of the illegal lenders will meet them and threaten them into taking the loan. So this is the reason why the lender is not allowed to meet the borrower virtually. By virtually, it means they should not even interact with the lender who meets them on call or through ads.

How to know if a moneylender is licensed or not?

It is made compulsory by the MinLaw that the people should know which are legal and which illegal. This is to save them from getting scammed in the market. Also, they can save their money this way. Moneylenders are strictly told not to contact borrowers through SMS, email, or phone call.

You should automatically know which lender is legal and which is illegal by this. The moneylender is also given some rules to give you loans at a fixed rate of interest. Also, the amount for which the loan can be given and also the fees are fixed. If you have to repay the late repayment fees, you only have to pay $60 a month.

These are some of the rules and regulation which all the lender have to follow to stay legal. They have also made this a compulsion that the lender can only take a maximum of 4% interest on all loans. If any of the lenders found breaking this law will be fined and also jailed.

The people can also report any kind of behaviour to the MinLaw, and they will investigate further. The licensed moneylender has a policy where they never try to contact or give anything online. They will have to meet face to face if they want to give a loan policy to the borrower.

What are some prohibited practices of moneylenders?

There is much different practice which a lender does, and some of them are prohibited. These prohibited activities can be used by the lender to scam some people. Here are some of the prohibited activities to look out for in a lender.

• The use of abusive language and also an aggressive tone is used by the illegal lender.

• The legal lender is never allowed to ask for your SingPass Id and also password.

• They will not give back NRIC, Personal ID card, and also ATM card or passport.

• They will never ask you to sign a blank contract before making the terms and conditions.

• They are not even allowed to give out loans to the people before explaining to them the terms and conditions.

• They cannot keep a part of the principal amount of the loan for their personal use.

Private loan Singapore is a very risky thing to take due to these illegal lenders. These types of lenders are also called loan sharks in the market and Ah Long in the Singaporean language. These are the lenders who are trying to make a profit for themselves and ruining the name of others.

So there are different corporations made which are working on solving this matter. These are Credit Bureau Singapore (CBS) and also the moneylender credit Bureau (MLCB). They work every night and day to separate the illegal ones from the legal ones. This helps the people to easily recognize the legal lender and then take a loan from them.

What are the things to do before borrowing from a licensed moneylender?

Here is a list of things that you have to do before you take a loan from the licensed moneylender.

•  Check your ability to abide by the terms

This means that before you borrow the loan, you have to check the terms and conditions. Then you will have to see if you can abide by or complete all the payments mentioned in this policy. This means that you have to check all the terms and conditions before you sign the contract.

•  What is the interest rate which lender can charge

The maximum amount of interest rate that is allowed to be taken by the lender is 4%. If any lender is charging you more than 4%, then you should not take the loan from them.

•  Other fees that can be taken

They can take different charges, but these are also limited by the MinLaw. They can take late repayment fees of up to $60 per month on the current policy. They can also take 10% principal amount of the loan as an administrative charge.

•  Beware of caveats

This is like a hidden charge which some of the lenders create on the borrowers’ property without informing them. This is an illegal thing to do, and those caught doing this will be fined, jailed, and their business closed.

If you want to know about the essentials of home cinema London? We made it easy for you. Here are the vital points to think about when picking a residence theater system:

• The TV. If you don’t already have television to build your home cinema around, you’ll require one. If you do have a TV as well as it’s not a 4K HDR TV, consider obtaining a new one because they are remarkable. Plus, provided all the connection alternatives built-in, you are going to be set for your future. Nowadays new smart TVs go way better to get connected to everything, whether components, streaming sound, or video, thanks to Bluetooth, Wi-Fi, and so on.
• Your room. Some residence theater systems have larger speakers, some have smaller ones. Technically, larger is preferable when it involves audio quality; however, particular brand names provide medium and small-sized audio speakers that kick significant derrière despite their dimension. The point: Provided your space’s style, size, as well as design choices, think about what size audio speakers you desire from a decor viewpoint, which will likewise drive your receiver selection. P.S. Some larger audio speakers are seriously eye-catching, some speakers are really discreet, as well as some are made to be hidden in wall surfaces as well as ceilings.Is your room still bright from surrounding light? One of the options is to find curtains or blinds from suppliers to block out these light.
• Streaming devices. A remarkable side advantage of getting a home theater? The right house cinema receiver can double as a multi-talented center for streaming almost anything, sound from your computer system, tablet, or phone, and can use online apps like Qobuz, Spotify, and TIDAL. What’s more, when you have cordless speakers in your home, the home cinema receiver can tap into those as well, so you can play your music all over your house.

Or simply skip the rest of this as well as search for the best home theater equipment of 2021. Then tap yourself on your back. You are going to have what the specialists are calling several of the best residence theater systems from anywhere, at any cost.

Features of online betting

The main factor is we don’t need to pay excessive taxes on horse race betting. This allows you to place your bet without any hesitation. Live Grambling is a significant property most bookmakers provide you and many other punters.

This feature is flawless for Indian gamblers, as it allows you to keep updated on all of the upcoming contest, permits you to get the essential highlights of the event in the present time and place various kinds of the live wager. It brings up the enthusiasm of the race track straight on your computer screen.

You simply required to follow the below steps:

1. Drag over to the online bookmaker before the race starts.
2. Make sure that you have sufficient funds in your bank account.
3. Search for a live or ‘in-play Grambling division of the bookmaker.
4. Find the racecourse on which you want to bet and place your stake.
5. See whether your horse finishes the line for a huge payout.

Live Horse Racing Betting Tips

As there is hardly any time for someone to check and analyze every horse’s performance and efficiency, as well as whatsoever associated with the racecourse.

Therefore, it becomes essential to follow some tips and tricks that will help you to become smart and luckier at live horse racing betting.

1) Gain information about the raceway where the horse race will take place; you can search either by a browser or the official Web page for more information, take a look at how big the racecourse is and what is the condition it.

2) Research the several horses that will participate in the race you can look for,

 – How well these horses have accomplished in the same situations;

 – What was their practise pattern;

 – Condition and age of that particular horse;

3) Look for the coach and jockey

The way the horse is handled by the trainer and the past achievement of the coach and jockey (mainly if they ever have ridden any other horse in the past).

4) Check what the weather forecast is, on the race day as weather can affect the horse’s agility

Check for High winds or wet ground due to rain, high winds and hot or cool weather.

5) Come early to the bettor to start placing any of the bets

 – choose in advance what type of bet you have to wager

  – Try to get there 30 minutes before the race timing to start

Just by following up on these tips and tricks, you can easily have your chance to win the live horse race betting. Unfortunately, you need to have a bit of strong luck with it. At the last moment, anything can happen anytime.

Therefore, you mustn’t place your bets according to the tips and tricks mentioned above. If you do not want to lose a big amount of your money, you must place your bets on more than one horse. In this way, you can play the betting game safely and wisely.

How to cook potatoes is a question that can be answered with dozens of exotic and common recipes. How you want your potatoes to look, and taste depends on the recipe you choose. Thankfully, you can always go for a dish of barbecued potatoes. Interested?

Barbecue potatoes are delicious to taste if prepared right. Barbecuing also called grilling, is a way of cooking potatoes overheat without direct contact. This cooking method brings a special taste and aroma to potatoes and is just a little different from baking potatoes in ovens. Here is how to cook potatoes by grilling:

1. Gather your recipe: Spices, olive oil, foils, seasonings such as salt and pepper.
2. Choose the right species: Although every type of potato can be barbecued, some species are better in taste than others. The Russet variety is the most preferred for barbecue, but you can also get sweet potato and the Southern species. If, however, you do not have these, go ahead to use even Irish potatoes. You would still love it.
3. Decide how you want it: You may decide to grill your potatoes whole or sliced. Either way is okay, but grilling whole potatoes require you to remove the skin before eating. If you want it whole, simply wash and allow the potatoes to dry first. If you want it sliced, peel the skin off and cut the potatoes into desired slices.
4. Add spices and other ingredients: You may decide to barbecue the potatoes without spices –that is fine; the taste remains great. But if you want to make it tastier, it is a great idea to add some spices. For example, roll the slices in powdered spices and allow it to tick. You can also sprinkle the spices onto them directly. Explore some Thai or Indian spices for a great experience. You should also add drops of olive oil in the middle and then wrap everything in foil. The olive oil keeps potatoes moist while being grilled.
5. Grilling: The heat should be moderate and controlled. Too much heat may overcook or even burn the potatoes. Potatoes do not get burnt easily, but you would need to check it regularly. It is best to use an electric grill, but if you are going the ol’fashioned way, using hot coals is best. The estimated time is 45 minutes – 1 hour.

Whether you know how to cook potatoes, barbecuing some is easy and pretty straightforward. Go ahead and enjoy your meal.