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Setting up loan companies in singapore

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Mr Tan
Posts: 70
Joined: Fri, 08 Apr 2011 11:22 am

Setting up loan companies in singapore

Post by Mr Tan » Tue, 31 May 2011 1:33 pm

hire purchase legal ??
anyone , i like to start with 50k to roll , possible ?

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Post by BillyB » Tue, 31 May 2011 3:17 pm

You'll need at least 5-10 times that amount for anything realistic. I also believe you would need a money lending license and paid up capital to operate legally in SG.

You'd get a better return if you stuck it in decent fixed income type product rather than by loaning it out.

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