What are the interest rates and fees charged by Woodlands licensed money lenders?

The maximum interest rate legally set by Singapore Law is allowed is 4% per month for both secured and unsecured loans. Administrative fees cannot exceed 10% of the loan principal. Late fees are capped at $60 per month.

Fee Type Amount/Limit
Interest Rate ≤ 4% per month
Admin Fee ≤ 10% of principal
Late Fee ≤ $60 per month