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Difficult for maids in Singapore to get loans legally
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A licensed moneylender at City Plaza in 2018. Licensed moneylenders were in 2019 banned from having ads targeted at maids.
PHOTO: TNP FILE
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SINGAPORE - Licensed moneylenders have stopped offering loans to maids in recent years.
This followed changes between 2018 and 2019 that put an end to ads targeted at them, capped loans at $500 for those making less than $10,000 a year and limited the number of foreigners they can lend to in any year to 50.
