What is the Credit Association of Singapore (CAS)?
Introduction to the Credit Association of Singapore (CAS)
The Credit Association of Singapore (CAS) is a non-profit organization established to represent the interests of licensed moneylenders in Singapore and promote responsible lending practices.
Background on the Credit Association of Singapore (CAS)
The Credit Association of Singapore (CAS) is a Societies, registered on 13 December 2005 (Tuesday) in Singapore.
Previously known as The Money Lender Association Singapore (MLAS), it plays a vital role in promoting responsible lending practices and ensuring that moneylenders adhere to strict government guidelines.
The association also provides its members with training and support, helping them stay up-to-date with industry developments and regulations.
How the Credit Association of Singapore (CAS) works
Currently, the association sets the following as its objectives:
– To represent, develop and promote the interest of members.
– To project moneylending as an important and integral part of the business of financing of individuals and businesses.
– To maintain close ties and cordial relationships with governmental and relevant authorities through consultation and cooperation.
– To keep members informed of developments in the industry.
– To advocate ethical practice in the moneylending industry.
– To uphold our motto of “INTEGRITY ABOVE ALL”
How does the Credit Association of Singapore (CAS) benefit borrowers
If you’re considering taking out a personal loan from a licensed moneylender, it’s essential to do your research and choose a reliable moneylender.
By selecting a CAS member, you can be confident that you’re working with a licensed moneylender committed to providing fair and transparent loans.