Loans for low-income foreigners, maids, capped at S$500 under new licensed moneylending rules

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Loans for low-income foreigners, maids, capped at S$500 under new licensed moneylending rules

(Updated: )

Low-income foreigners will only be allowed to take a maximum loan of S$500 from licensed moneylenders, as the Ministry of Law on Monday (Jul 15) announced further restrictions on the amount they can borrow. Lee Li Ying reports.

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