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KEY Facts About Moneylending In Singapore You Should Know

In recent years, there’s been a sharp increase in the numbers of domestic helpers seeking loans from moneylenders.

The Straits Times reported last year that 12,000 helpers took out loans in 2017, a huge jump from the 1,500 who borrowed money in 2016. In the first half of 2018, that more than doubled again to 28,000. What’s going on?

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By Karola Clark, April 2019

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The Finder - Issue 299

More on The Finder:

4 IMPORTANT Things To Consider Before Employing A Domestic Helper In Singapore

How to Hire a Part-time Helper in Singapore

Can You Trust Your Helper With Your Kids?

 

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