Blog Articles

Quick Takeaway: The Moneylenders Act caps interest at 4% per month, late fees at $60 per month, and borrowing at $3,000 (income under $20k) or 6x monthly income (above $20k). Any lender who breaks these rules isn't a licensed moneylender — they're a scam. 1. What the Moneylenders Act Actually Is The Moneylenders Act is the Singapore law that governs every licensed moneylender operating in the country. It exists for one reason: to draw a clear legal line between regulated lend

Quick Takeaway: You can nudge your CBS score up within 1–3 months by paying every bill on time, keeping credit card utilisation under 30%, and stopping new credit applications. Major grade jumps (CC to BB) usually take 6–12 months of consistent behaviour. 1. What CBS Actually Measures Credit Bureau Singapore (CBS) pulls data from every bank and finance company in Singapore, then generates a score between 1000 and 2000 plus a grade from AA (lowest risk) down to HH (highest ris

Quick Takeaway: The 50/30/20 rule tells you to spend 50% on needs, 30% on wants, and 20% on savings. In Singapore, use your post-CPF take-home pay as the base and bake 9% GST into your 'needs' bucket. That small shift makes the rule actually work here. 1. The Classic 50/30/20 Rule The 50/30/20 rule was popularised by US Senator Elizabeth Warren. The idea is simple: 50% of your after-tax income covers needs (housing, food, utilities, transport), 30% covers wants (dining out, s

200,000+ platform workers in Singapore have no payslips. Here's how to prove income to a lender when you're your own boss—and which lenders actually get it.

Hospital bills can exceed $50,000 overnight. Here's how to navigate insurance, Medisave, and loans to cover the costs without drowning in debt.

Your CBS score is the financial ID that lenders use to decide in seconds whether to approve you. Here's exactly what lenders see, how scores work, and the mistakes that cost you thousands.

This guide breaks down what homeowners should realistically expect when renovating a BTO compared to a resale flat, how renovation loans fit into each scenario, and when additional financing may be needed.

Which Loan is Right for Your Home Renovation in Singapore? Planning a home makeover but unsure which loan will work best for your budget? From dedicated renovation loans to flexible personal loans, Singapore offers a variety of financing options—but choosing the right one can feel overwhelming.

Home renovation in Singapore is rarely cheap, and for many homeowners, the final bill often ends up higher than expected. Whether you are collecting keys to a new BTO flat or renovating a resale unit, the question is no longer just what design you want, but how much you realistically need to budget. With rising material costs, labour shortages, and longer renovation timelines, renovation planning today requires more financial foresight than it did a few years ago.