How to Repay a Licensed Moneylender Loan Early in Singapore

Borrower reviewing an early loan settlement quotation from a licensed moneylender in Singapore.

If your financial position has improved, you may consider paying off your licensed moneylender loan before the final scheduled instalment. Early repayment can simplify your monthly commitments and may reduce future interest, depending on your contract and the settlement date. However, you should not transfer an estimated amount and assume that the loan has been […]