1 2 Lend Pte Ltd
1 2 Lend Pte Ltd is one of the few firms in the country that has been accepted by the Ministry of Law for the licensed moneylender pilot program. There are only six firms that have been accepted into the program by the Ministry of Law, and 1 2 Lend Pte Ltd is one of them. The new license has imposed a lot of more modern and more stringer requirements. It has a paid-up capital of at least S$1 million. Companies have also been required to show a track record that gives primacy for the consumers. The new models used by the Ministry of Law aims to ensure that there will be more widespread use of borrower data. This reality allows for easier access to borrower creditworthiness and better terms for the borrower.