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Further curbs on money lending to foreigners

Published Mon, Jul 15, 2019 · 09:50 PM

Singapore

BUILDING on measures implemented in November last year, the Ministry of Law (MinLaw) has further tightened caps on loans to foreigners and low-income foreigners in particular.

A self-exclusion mechanism for borrowers to opt out of licensed moneylender loans that had been announced in October was also launched on Monday, via SingPass.

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