Finance

New repayment scheme in Singapore to help borrowers pay off unsecured debts

A new repayment scheme that aims to help over-indebted customers repay unsecured loans from facilities like credit cards, personal loans and overdrafts will be launched next Monday (Jan 23). Under the new scheme, a customer can consolidate all his/her unsecured credit balances across the 14 banks with just one institution. This means that the bank…

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