Legal conditions to apply for moneylender’s license

There are many companies in Singapore, which are providing payday loan in Singapore. Getting loan in Singapore is little bit harder than all other countries because of their legalities. It is important to get loan from licensed money lenders sgTo find licensed companies is not an easy task because getting a license is not an easy thing. There are many legal requirements a person needs to fulfill in order to apply for the license. Here are some conditions from the Moneylenders Act (Cap. 188) (and any revised edition of the Act) and the Moneylenders Rules 2009 for obtaining and holding a moneylender’s licence.

  1. First condition is that all licensees need to make sure that activities that are being performed under their licenses are legal and according to the law of Singapore. If that is not the situation, the license holder will be considered responsible even if he himself did not perform the act.
  2. There is a specific fee of loan approval, which is 10% of the whole amount of the loan. Other than this fee, the lender needs to give the total amount of loan to the borrower in one go. The lender has no right to subtract any kind of amount from the principle amount, which needs to be given to the borrower, no interest rate no installment. These payments should only be charged on the fixed time. License will not be granted to the loan in which the lender has the right to deduct these payments upfront.
  3. To give a business loan, the lender needs to get all the documents and records of the business with the Accounting & Corporate Regulatory Authority. The papers that are required involve income tax assessment, audited financial statement, invoices, and utility bills. The reason of obtaining these papers is to make sure that the business is at least 2 years old. It is also important for the lender to research potential customer ratio of the business and to find out whether the company is running by the laws of the country or not.
  4. It is also important for the money lender’s license holders to verify their clients year income before giving or approving any loan to make sure that the borrower can return the money or time or not. They should get all these information in paper proof.
  5. The lenders will have to obtain the registrar’s agreement before going further with the loan proceedings. They will have to get the approval of the registrar to transfer the money no matter the transferee is new or an old employee of the lending company.
  6. It is also important for the licensee to hire a well-educated and well-trained person to run his all businesses places, which are approved. It is also important to hire a different person for each place. The person, the licensee is hiring should be able to obtain his own license. He must have passed the Moneylenders’ Written Test; his appointment should be approved from Registrar. In case the previous employee leave the job, the lender will get six months time to hire a new one.
  7. The lender should have one or more telephone lines from a licensed telephone company. If not the case, the registrar can reject to approve the money lending company or to grant the license.

There are many other rules and regulations to apply for the license of the money lending company. It is very important for the person who wants to start his business and  for that he can search through internet

When іѕ іt the rіght tіmе to start up mу оwn buѕіnеѕѕ

Onе оf thе most vеxіng questions thе аѕріrіng entrepreneur is fасеd with is, “Whеn іѕ the rіght tіmе tо start a buѕіnеѕѕ?” Tоо often, the entrepreneurial impulse іѕ dеfеrrеd or deterred bесаuѕе we are waiting fоr some реrfесt аlіgnmеnt оf the ѕtаrѕ оr other circumstances thаt wіll tеll uѕ wіthоut a dоubt, “Nоw is the time.” Unfortunately, there nеvеr rеаllу is a blatant ѕіgn thаt thе time іѕ rіght fоr lаunсhіng a nеw buѕіnеѕѕ – regardless of what people on the web & SEO experts says. Lіkе other іmроrtаnt сhоісеѕ, the decision when tо bесоmе аn entrepreneur іѕ ѕоmеthіng thаt wе mаkе on оur оwn. Whаtеvеr thе сіrсumѕtаnсеѕ or conditions, оnlу we саn decide if and whеn the tіmе іѕ rіght tо ѕtаrt a buѕіnеѕѕ.

Inѕtеаd of wondering whеn the rіght tіmе іѕ or how tо recognize it, simply ask, “Am I rеаdу to start a buѕіnеѕѕ?” Onlу уоu саn dесіdе how ready уоu аrе to ѕtаrt a buѕіnеѕѕ. The fееlіng оf readiness is оnе оf confidence. It is соnfіdеnсе in оnе’ѕ аbіlіtіеѕ tо ѕuссеѕѕfullу address thе many dіffеrеnt funсtіоnаl аѕресtѕ оf business оwnеrѕhір such as fіnаnсе, lеgаl, ореrаtіоnѕ, ѕаlеѕ, mаrkеtіng, аdmіnіѕtrаtіоn оr еvеn thе mоrе ѕubtlе dimensions ѕuсh аѕ іnіtіаtіvе, risk tаkіng and perseverance.You must also not forget about your company website which will be made by a professional website design company Manchester. Thеѕе аrе mаnу оf thе competencies аѕѕосіаtеd wіth entrepreneurial ѕuссеѕѕ. If уоu have thеѕе ѕkіllѕ аlrеаdу or have a plan fоr acquiring them еіthеr through реrѕоnаl development or targeted rеlаtіоnѕhірѕ, уоu wіll hаvе соnfіdеnсе in your ability to mаnаgе thе requirements of a ѕuссеѕѕful еntеrрrіѕе.

Thе bеѕt fіrѕt ѕtер in dесіdіng whether уоu are ready to ѕtаrt a buѕіnеѕѕ is tо аѕѕеѕѕ уоur lеvеl оf ѕkіll оr confidence іn еасh оf the dіffеrеnt еntrерrеnеurіаl success factors. Thе rеѕultѕ оf this ѕеlf-аѕѕеѕѕmеnt will іdеntіfу thе specific areas іn which уоu fееl a gар аnd mоrе іmроrtаntlу, thе mаgnіtudе оf those gaps. A gар іѕ not inherently gооd or bаd, nоr іѕ the рrеѕеnсе оf a gар a “dеаl breaker”. Gaps рrоvіdе реrѕресtіvе. A ѕmаll gap mау bе ассерtаblе fоr оnе person, уеt completely unacceptable for аnоthеr.

Alѕо, a gар аnаlуѕіѕ enables you to focus on thоѕе factors thаt аrе еіthеr the еаѕіеѕt to close оr thоѕе that mау have thе most ѕіgnіfісаnt іmрасt. It allows you tо rаtіоnаllу dесіdе if the gaps іdеntіfіеd іn your own еntrерrеnеurіаl ѕkіll ѕеt аrе tоо numеrоuѕ or tоо wіdе to mоvе forward wіth business оwnеrѕhір rіght now. Fіnаllу, аnd реrhарѕ most іmроrtаntlу, іt рrоvіdеѕ уоu wіth a plan tо mар out thе ѕtrаtеgіеѕ аnd асtіоnѕ thаt wіll сlоѕе уоur gaps most effectively and gіvе you thе соnfіdеnсе to decide thаt you аrе іndееd ready tо bесоmе аn entrepreneur.

Money Lending – Is It Feasible Business?

Money lending Business is a lucrative option if you want to start your own business. If you want to become a money lender, then you need to come up with a proper strategy to generate profits. You need to know the basics of money lending.

Difference Between Money Lenders And Banks

The principal difference between money lenders and banks is that the banks have a ceiling on the amount of interest which they can charge. In case of money lending, they can charge whatever amount of interest they want, and their terms are more flexible. You can either be a private money lender or a hard money lender.

Steps To Establish A Successful Money Lending Business:

Preparing To Start Your Business

To become a Licensed Money Lender, you need first to select a name for your business as it will create the first impression on the client. You need to check your state’s business filing office to know whether the name you selected is taken or not. A good business plan needs to be drafted, as it can determine whether your business will be successful or not. A good business plan will be able to direct you towards your goal. Your business plan should include an executive summary, description of your company, market analysis, product line, marketing, sales and finally financial projections. You also need to determine the source of funding for your money lending business. This will determine whether you want to be a private money lender or a hard money lender.

Although your criteria for issuing a role will not be as strict as that of a bank, you need to establish some basic ground rules. Thus you need to draft an underwriting criterion where you can assess the risk by gathering information about your client’s financial history. To establish your company, gather some advice from the veterans in this business. Try to attend their seminars as they will help your growth immensely. Since you will be dealing with money, you need to hire some lawyers as they will guide you thoroughly in case you need to take some legal action. In today’s world, you need to have a website for your company. The world is connected with just one click. So try to set up a website with your domain name.

Register Your Business

You need to be a Licensed Money Lender to establish your business. Unless you make your business legal, you cannot move further without landing in a serious problem. The first step towards making your business legal is that you need to incorporate your business. You can talk to your attorney regarding this matter. There are many corporate forms, but you need to select the right one for your business. You need to apply for a license to make your business completely legal. If you have selected a business name, you need to register it with the necessary authorities. If you are a hard money lender, your business will have investors. Thus you need to file with the appropriate security commission. If your business is not a sole proprietorship, you need a tax identification number; also known as EIN. Lending money can be a risky business, so you need to know the dos and don’ts of collecting money. Hire a compliance professional who will keep a check on your business, whether it is involved in legal activities or not.

Launch Your Business

After dealing with the legal matters, now it’s time for you to establish your business in the market. Unless you are an online money lender, you need to rent an office space. You need to open a bank account for your business. To open a bank account, you will need your Business Tax Identification number or Social Security number (if you’re a sole proprietor), your business name filing documents, articles of incorporation and business license. Before sanctioning a loan, you need to draw up contracts with the help of your lawyer. Your clients need to sign the contract before getting the loan. To increase your customer base, you need to advertise your business. The online advertisement will reach a larger audience, but you need to strengthen your local customers as well.

Trading Online with Online FOREX Brokers

Thanks this online trading company, the days of hiring a stock broker to manage your International trading is long gone. The leisure of being able to manage your own trading is now possible with this new online service. The company, world leading in its field, provides trading services in forex, indices, metals, and energies.

How to Get Started

Believe it or not, you can get started trading with as little as $250-$500 deposited into what the company classifies as a “Mini Account”. This account gives you the flexibility of not having a “fixed” account. A non-fixed account gives you the ease of mind knowing that you are not forced to habituate saving. You may decide that you want to save a different amount every month. Having this type account with FxTrade777 is at your fingertips.

You can even get started with a “Demo” account. This is just one of the many accounts offered. A “Demo” account allows you to get started immediately with no money. You do not need to make a deposit and you can immediately begin “practice trading”. Whether you are an experienced trader, or a novice trader, having a “Demo” account allows you the opportunity to practice and test your strategy process.

Accessing the Platform

At, it is easy to access your account online. The company uses the Metatrader 4 Platform, also known as MT4 in the trading industry. The Metatrader 4 platform is a downloadable application that can be downloaded on any device, such as your smart phone, tablet, or computer. You can download it from Google Play or the Apple IOS store. The Metatrader 4 platform allows you to receive quotes and news in real time. It also allows you to perform trade operations with the touch of your finger. You can control and manage your orders as well as get technical analysis. Best of all, it allows you to test and optimize your trading strategies. All of this is free at no cost to you.

Private and Commercial Accounts

Fx Trade 777, is a leader in offering both private and commercial accounts. Ordinary people like you and me can begin trading immediatey or often, just as large companies. For both commercial traders and private traders, FXtrade777 gives bonuses for just signing up. For “Mini” accounts, you can receive bonuses ranging between 25-35 percent. For other commercial and private accounts, you can receive as much as 100 percent in bonuses.

Of course, as any other type bonus, trading bonuses comes in many forms. There are match bonuses, which means that your deposited amount may be matched. There are also promotional bonuses. A promotional bonus is generally a one-time bonus that may be added to your account or your deposit.

The company also offers services to Islamic faith traders. Muslim traders can open an overnight interest and Fx Trade 777 commission free account. This type account is reserved for Muslim traders only. The account respects the Sharia law in trading which means no Riba Policy, swap free, or interest free account. Muslim traders can be sure that no hidden fees or interest will be charged to them, regardless of their trade volume or type.

Withdrawal Process

Withdrawals are easy and worry-free. Using the MT4 application allows you the freedom to withdraw your money at any time. Withdrawal requests are also accepted on their website. The company accepts all major credit cards, ewallets, and wire transfers. So, if you deposited funds by using your credit card, your profits will also be sent to your credit card. The company accepts and trades in several currencies. They accept U.S. Dollar. Euro Pound, and Japanese Yen.

Outplacement Services for Executives

The employers that are willing to provide their employees’ outplacement services do so for all and every employee. Be it a worker from a janitorial department or those in the management positions, everyone gets the support they would need for the job in the future. However, as the levels of the employees go up from a janitor and a worker who does handwork to a CEO or CFO, the need for the outplacement programs changes drastically.

The outplacement programs for an executive would be a little more personalized than others since their experience and skills are a lot different and their job has been more on the leading side than working under someone. Moreover, executive outplacement firms need to see how long exactly would these executives need the service for.

What Happens When the Executives Are Laid Off or Leave?

Due to restructuring in a company, not only the executives that are being laid off or replaced are affected but also those who are working under them because employees that have been working are familiar with how those executive work and it would take them some time to familiarize with the newer executive. This might even affect the productivity of the current employees.

It is extremely crucial for the management to have outplacement firm that would make the implementation of executive outplacement programs effective and efficient so that the impact on the employees would be minimum.

What do the Executives need?

When an executive is part of the workforce that is going through downsizing, it affects negatively at their morale. They become insecure and lose their confidence. Moreover, these people have been working for a very long time in their organization and it is very much possible that they don’t know much about the current job market and what would be required from them in the jobs that they would have to do in the future.

The executive, perhaps, needs more psychological support from the outplacement firm than most employees because getting laid off from such a high post might be a felt like a stab making them question their abilities and leadership skills.

Executive outplacement firms should take care of the above facts and provide more one on one sessions and consultancy so that the service is more personalized and tailored to their needs.

Things You Should Know About Installment Loans

When it comes to meeting sudden and unforeseen financial requirements, something like the installment loans could be the best solution. What are the things one should know before availing the loan?

Despite the fact that a person is well established financially, he or she may still come across exigencies where they might require finance beyond their existing resources. In such cases requirements are not supported by available resources and the person concerned will have to find out some other resources to meet the unforeseen expenses. For such people finance could be available in form of plans like personal Installment Loans. At US Payday Loans prospective clients will get financial assistance to resolve whatever problems they might be facing. The process is hassle free and extremely convenient for the prospective borrower. No credit score checking is involved and not many papers are required for the prospective borrower to submit.

Questions to Ask

Here are some questions that aspirant borrower should ask before availing any of the personal Installment Loans.

  • What the eligibility criteria for availing the loans are?
  • Is there any complex process like credit score checking or any other related criteria for availing the loan.
  • What are the documents and proof that are required for getting the loans?
  • Repayment terms and conditions and the rate of interest for such loans.

Requirements for Information

However, before availing any such loans the prospective borrower needs certain information that will give him or her peace of mind. Especially the following questions need to be answered before the prospective borrower decides to avail such loans. The following questions need to be answered before any decision regarding loans is taken because an informed decision is always better than groping in the dark.

What to look for in Professional loan Services

However it does not mean that the prospective client will accept the first offer that comes his or her way. Instead; he or she must take care of the following aspects.

  • The service provider should be consistently in contact with the client.
  • Client should have the facilities for reaching out to the support team at any point of time 24/7.
  • Terms and conditions offered and charges made by the service provider should be reasonable and client friendly.
  • Adequate coverage should be provided by the service provider for any damages caused.

Benefits of Using Reliable and Reputable Lender

When it comes to availing any loan and that includes bad credit Installment Loans, one of the primary issues for the prospective borrower has to find out the most reliable and reputable lender that will extend financial assistance without problems associated with the loans extended. There are some good local companies that offer such loans but it is always good using the services of a global company because of the uniformity of the rules and regulations; terms and conditions and interest rates offered by them.

Personal installment loans like the installment loans are one of the best options that are used to provide relief to people that are in financial trouble. Lender that offers such loans at convenient terms and conditions and hassle free for the borrower is the best option that any prospective borrower could have.


Trade At the Next Level With Tradesprime offers you professional trading on the go via their mobile application. You can use your tablet or smartphone to trade 24 hours per day. The app makes it so easy and enjoyable to follow your portfolio wherever you are. You can watch over your investments and follow the markets never missing an opportunity again. Having an investment app is essential to keep up with the latest news and events. With the app you can use any mobile device to access your trading account. It is user friendly, provides every trading tool you will need, is compatible with Android and iOS devices and is very simple to use. You even have the ability to test out the platform first by opening a demo account.

Currently there has been a big increase in the number of firms that are entering the investment banking business. Trades Prime forex has become the leader of them all. Tradesprime helps their investors achieve their goals. They have gained high profile clients due to their ability to stay up-to-date with the latest technology in trading. Their website provides their clients useful information with content to help them trade successfully. The company provides three main accounts.

The first is the basic account which is a great start for those interested in low-risk trading. You will learn how to strategically plan when it comes to investing. If you are a new member you will receive a 100% bonus. Your account will be handled only by a skilled member of the company. Soon you will become a pro on knowing how to manage your account. This is a free account that will show you daily market updates and reviews. A basic account is a great start for you to form the basis on getting tips to increase your profits.

The premium account is for more advanced traders that need all the support they can get in the trade. Premium accounts provide the latest analysis and updates that are essential especially if you are an aggressive trader. You can watch free training videos that will help take your trading to the next level.

Lastly, the gold account offers strategic training to help you develop even more expertise in the business. Not only will you receive a 100% bonus, but you will also receive welcome gifts that are added to your transactions. It is important to find a reputable investment firm that will provide you with the knowledge and skill to make your money grow.

Saving your finances with classified ads

In the modern world, the Internet plays a highly important role in our lives and for this reason alone, a lot of people cannot imagine living without it. People are used to spending time on the Internet almost every day for various purposes, and there is nothing surprising about it, as for some it is not simply a means of entertainment, but it is their every-day job.

Any person who has something to do with online sales wants to deliver some basic information about their services or products to a potential customer. And this is a very important aspect. Luckily, this issue can easily be solved with free classifieds ads.

Anyone, at no additional cost, can become a seller or a manufacturer on classifieds and start selling their products right away.

In order to put up an ad on classifieds of your choice, you need to have access to the Internet, which should not be a problem. Take a few minutes to select a particular site that offers an ad placement service, and publish the information about the product you want to sell. Here everything is simple enough.

You can not only place information about the product, but you can also attach some photos of the product. The main thing is that they should be high quality, so that the user can see in detail the goods being sold;

It is important to know that you do not have to spend money on placing an ad online. However, if you wish your listing to appear on top, then of course you are going to have to spend some additional money.

What are the advantages of placing an ad on classifieds?

This is the easiest and most relevant way to find a customer who wants to purchase a certain product or use your service. In addition, you will not have to spend a lot of time placing ads in magazines, newspapers, or on television, as very often, these media means have their own stream of customers, so no one knows when your ad will be published.

Even if you are not a seller who wants to sell a product or offer a particular service, but you are a regular buyer instead, then classifieds will be an ideal place for you. After all, such classifieds offer more than 100 million goods and services. And, among such an abundance of goods, you will always find the thing you are looking for. So, classifieds give you the incredible opportunity to find a product at a really good price.

That is why classifieds are so popular. They have a lot of advantages over print media. Due to their relevance and popularity, such classifieds are visited by millions of potential customers per day. Some visit them because they want to sell their old house, whereas some are looking for that same house. Thus, a transaction occurs. In this context, you may be interested in reading about 5 steps to sell your home.

Fraud, Deceptions, and Downright Lies About Proposal Writers Exposed

New Step by Step Roadmap for Proposal Writers

Throughout the procedure for writing this proposal, keep reminding yourself, It isn’t about me. Thus, your proposal needs to be persuasive. You wish to be certain you have the very best, clearly written proposal you’re able to find. A proposal is a document meant to persuade prospective customers to purchase from you. Developing a business proposal may look like a formidable job, but it doesn’t need to be. In the event the grants decision-maker reads past the executive summary, you’ve successfully piqued their interest.

Funders could have policies about the proportion of overhead they will allow in a project budget, should they allow it in any way. By way of the objectives, you’ve explained to the funder what will be reached by the undertaking. Therefore, the most important financial data gathering occurs after the narrative area of the master proposal was written.

Thinking up a research proposal can be rather a challenging task as you must develop an original and distinctive idea. It’s written for each specific need. Consider a proposal for a map explaining what services you’ll be able to provide to fulfill the requirements of an individual or company. It’s advisable to request help from professional Proposal Writer which may help you. Regrettably, the authentic answer is It depends.” Additional important points or summaries often gain from the usage of bullet lists. Don’t attempt to create this argument should itn’t really fit.

Based on how large the proposed scope of product sales might be and what number of options you’re offering, you might or might not have to precede the thorough pages with a concise summary. In any particular proposal, you’ll find yourself setting forth one or more of these sorts of objectives, based on the nature of your undertaking. Evaluation is additionally a sound management tool. There are lots of kinds of formal evaluation. The maturation of a proposal is crucial as it can determine if you receive the money or project you are looking for.

The Secret to Proposal Writers

To be productive, you must obtain the clients’ trust and make them understand you can deliver the merchandise they want and need. The approach you pick is going to count on the essence of the undertaking and its objectives. Your delivery method will be contingent on the character and location of your company together with your relationship with your prospective customer. You will gain by consulting a number of essential individuals at a young stage in the planning of the proposal. You can frequently convey exactly the same info, but in bullet list format. There are tons of resources out there to explain how to introduce yourself, highlight your merchandise, outline your outlays, and help your clients understand you’re the suitable person for the job. To earn proposal content read strong, it’s important to concentrate on the action.

The reader should get a thorough understanding of what he or she’d obtain from making the choices you promote. In all areas, proposal writers can write well. Research what is needed to develop into a proposal writer. After thoroughly researching requests to determine prospective costs and advantages, proposal writers prepare a suitable response. The preceding experience proposal writers have is crucial as it will reduce the time required to finish the proposal since there is no time wasted on a learning curve. Professional Proposal Writers have the talent required to guide you get through the procedure for writing a wonderful proposal. Concise writing does not include unnecessary words.

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