Money Guide

Everything You Need to Know About Licensed Moneylender Singapore

Singapore is one of the most expensive cities in the world, making settling your bills and expenses without a financial backup one of the hardest things ever. Although banks are

The Standards of Dance Education

If you wish to run a nursery school or day care, one has to be certified. This may also be done by those who want to teach in the public

What Can You Get from Dance?

Generally speaking, dance is known to be an art which is about the movements of the body along with a certain rhythm provided by music. The kind of movements is

The New Innovation in Dance

When the word innovation is mentioned, there are so many things that come to the mind of people. Well, first – it is usually attributed to technology. However, when it

Personal Finance

Everything You Need to Know About Licensed Moneylender Singapore

Everything You Need to Know About Licensed Moneylender Singapore

Singapore is one of the most expensive cities in the world, making settling your bills and expenses without a financial

The Standards of Dance Education

The Standards of Dance Education

If you wish to run a nursery school or day care, one has to be certified. This may also be

Money Hacks

What’s New

  • Singapore is one of the most expensive cities in the world, making settling your bills and expenses without a financial backup one of the hardest things ever. Although banks are among the great options for support in financial emergencies, they take time to sanction the loans. This is where licensed money lenders come into the picture. Before borrowing loans from these lenders, herein is everything you need to know to avoid messing things up. Singaporeans have endless possibilities when it comes to getting funds to meet their financial emergencies. The city has banks and over 100 money lenders dedicated to making lives easier. However, these sources of funds have advantages and downsides that make citizens, permanent residents in the country, or foreign employees choose where to borrow. For instance, private licensed money lenders process loans faster than banks and unlicensed money lenders. Moreover, most of them operate under the Ministry of Law (MinLaw); hence, borrowing cash from them is safe. Singapore sees more licensed money lenders join the market every day. Therefore, you should not Ignore finding a trusted one for your emergency financial needs. Who Exactly is a Licensed Moneylender in Singapore?  A licensed moneylender is a person or group registered under the Singapore Moneylenders Act to provide loans.  The Act requires these moneylenders to adhere to the state rules and regulations. What is the best part? Licensed moneylenders ensure loans are approved within 24 hours, which does not happen in most Singaporean banks.  Moreover, they send notices to borrowers who delay repayment instead of taking insensitive actions like Unlicensed moneylenders.  Since licensed moneylenders wait for the signal from the government before making moves, their interest rates are also expected to be fair because the state regulates them. The hassle-free loan approval procedure of these lenders focuses on your credit score and vital details. Once they are verified, you will get your loan depending on what you earn. Types of Loans Licensed Moneylenders Issue Licensed Moneylenders in Singapore provide Secured Loans and Unsecured loans. The former is a personal loan tied to your property as collateral. If you go out of the agreement and default the loan, the lender will sell the properties or assets to recover the funds.  For unsecured loans, including credit card debt, assets or properties are not involved in the contract.  However, if you default on the loan, the moneylender can file a lawsuit to claim what you owe. The court can then rule out you settle the debt if you have the cash. I do not have the needed loan amount, the High Court may order your property to be sold to pay off the unsecured loan. Let us now look at everything you need to know about licensed money lenders in Singapore. Everyone Qualifies for loans in Singapore  Licensed moneylenders give citizens, permanent residents, and foreign employees loans for their legitimate urgent needs. The government understands the world is now globalized; hence, there may be ex-pats residing with Singapore nationals. If you are not a Singaporean, licensed moneylenders will require your payslip to confirm your occupation, passport, bank statement, and employment pass before giving you a loan. Licensed Moneylender Have Standard Interest Rates Whether the loan you want is huge or small, licensed moneylenders will always charge a 4 % nominal and late interest on your loan. Apart from the interest on each late payment, you will be charged a late fee of more than $ 60. These figures show that licensed moneylenders provide loans at reasonable interest rates than unlicensed ones. However, this should not make you ignore early repayments to avoid debt accumulation that can compromise your financial status. Failing to Repay Installments on Time Can Attract Late Payment Penalties Moneylenders have a right to sue you for failing to commit yourself to the installments as agreed. If repaying the installments according to the agreed time is challenging for you, talk to your licensed moneylender to see the best way to go about it. In your negotiation, request refinancing or extension to avoid penalties attached to late payments. Although you may incur more costs in this process, the transparency achieved can be crucial to your financial status. You Can Complain if the Lender Shows Unethical Behaviors The law of Singapore allows you to forward a formal complaint in case the licensed moneylender is portraying unethical behaviors. Some deviant behaviors the Singaporean government does not expect from licensed moneylenders include threats, withholding the borrower's crucial behavior, and using persuasive tactics. Rules and regulations also require borrowers to only present copies of their original documents, scanned when approving loans. If you grow suspicious of your lender’s activity, reach the Registry of Moneylenders through 1800-225-529.   Also, the Registry of Moneylenders has a website you can use to forward the complaint. Once your complaint is received, formal investigations will be launched and the right action taken against the lender. You may also be required to provide more details to speed up investigations. Most importantly, the moneylender will not know your identity during the investigation. Face to Face Loan Verification is important Technological advancements have allowed licensed moneylenders to provide online loan applications. However, loan verification should be done at a physical address before the lender disburses the funds.  If the lender informs you about the loan approval through a text message or email, that is a red flag you should take seriously and look for another licensed lender. Moneylenders operating under the rules and regulations of Singapore are banned from texting, making phone calls, or emailing their clients. Also, avoid moneylenders who are unclear about their contracts because chances are they are fraudsters. The Bottom Line If you find yourself in financial emergencies, licensed money lenders Singapore can be your savior. Although there are unlicensed money lenders and banks, the services of licensed moneylenders are unmatched. Before borrowing, check if the authorized money lender has a better reputation and is listed to avoid messing things up while looking for financial support.  Above is everything you

  • If you wish to run a nursery school or day care, one has to be certified. This may also be done by those who want to teach in the public schools. Basically, they have to hold their bachelor’s degree, most especially their master’s degree, if they want to observe a successful dance project. A ton of collage dance programs would ask for the faculty to have at least a college degree. This should be done in addition to their professional experience. Anyone who is interested in teaching dance might be wondering – what do they need so that they can teach at private dance studios? It can be quite easy to be in the business, but there is really more to this. Standardized Dance Education – Is There A Need For It? Dance is dubbed as a physical demanding activity. If it is not going to be taught incorrectly, it may even be dangerous because it will just lead to injury. For most of the time, improper trainings would case a long-term damage in the knees, ankles, hips and lower back. The damage may also bring about poor physical heath. This is why standards in dance project and education are necessary. The eyes of the public when it comes to dance have to change as well. Since most of them are accustomed to low quality dances, these parents and students tend to perceive dance as frivolous and trivial. The trivializing of dance can be a dangerous subversive to the profession itself. Once you have sat down on never-ending recitals, which are often perceived as sequins and fringe, there are parents out there who no longer volunteer to watch a professional dance concert. This can be alarming. Even for individuals who suddenly venture to professional performance, they usually find themselves disappointed. They feel this as they stereotype recitals ad frilly. Indeed, it is mentally challenging, dull and intense. Each and every dance studio, organization or show should adhere to poor standards which would diminish the large dance community. This would turn potential audience members, emerging dancers and supporters away from the art. This is what dance projects should check and change. The Creation of National Standards With the given situation, it is just right to come up with national standards when it comes to dance projects and schools. It is not boastful to say that there are many outstanding teachers out there who can teach dance. However, they seldom have an amazing performance because they do not know how to handle such. Standards should then regulate poor teachers. This is a legitimate concern that must not be snubbed. There are individuals out there who are passionate about the dance education. They would surely be ready to take the challenge and embrace the standards, if they must. Considering all these is a chance to have self-improvement. This should not be an obstacle, but rather, an opportunity to be good in one’s craft. This may work for sure. Do not fail to check on this!

  • Generally speaking, dance is known to be an art which is about the movements of the body along with a certain rhythm provided by music. The kind of movements is dependent on the type of dance, of course. Today, there are several types of dance which are performed by a ton of individuals all over the world. They may change depending upon the culture of a country, of course. In the Philippines, for instance, there is this so-called folk dance which speaks about the traditions of the Filipinos. In Africa, natives would usually perform an interpretative dance so that they may express their life and their community. They tend to go beyond their individuality for this. Another good example is ballet which originated from Italy and then prospered in Russia and France. Modern Dance Now, the big question is – what is new today? With the modernity of the world comes the new breed of agencies which are executed by a ton of young people these days. What is even good is that most of them are passionate about the type of movement. Such is modern dance, hip hop dance, belly dancing, break dancing, tango and ballroom dancing. All of these. Needless to say, each and every person comes with a reason as to why they would ever dance. It may be a spiritual or emotional expression. There are those who would express themselves, whether they are happy or sad, through dancing. It may be dubbed as the hidden language of their soul. This is one of the best ways to express what they really feel. This also speaks about their desires through storytelling. How fascinating can that be, right? Most people would consider dance is a non-verbal communication because we all have different ways to express ourselves. It may be an expression of your emotion. This is probably one of the reasons why most people would dance in various ways. It is quite possible that you may not be well-versed with steps. However, this does not mean that you are no longer a dancer. There are times when the talent is not innate, you may have to exert more effort and that means you have to be more dedicated to practicing. Please remember that this is the only way so that you may be able to adapt to the changes that are going around which concerns this field. At the end of the day, your motivation to keep on going must not falter. Dancing – as it is Dancing should always be fun. For anyone who finds themselves bored with their routine in life, they must think about this option more often. It does not matter if it is Zumba, Latino or Pop. It may be of any style as well. Basically, dancing can always be a good break for you. This may be a chance to go away from your monotonous life. At the end of the day, you will definitely feel fresh. Dancing may look daunting at first. However, with the proper amount of motivation, you can definitely go places here.

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John Doe

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