Should You Borrow Money from the Bank or Licensed Money Lenders?

Borrowing money has always been a last resort for many. In fact, the question of where to borrow money hasn’t always been a choice for the majority. At that point, most Singaporeans just want to get the loan without caring whether the lender, their rates, or anything may matter during repayment time. Well, as a prudent finance student of life, you ought to plan for now and the future. That way, it may be possible to give yourself options when deciding who to borrow money from. On that note, between the bank or licensed money lenders, who should one go to borrow money from? And why should one settle for…