Moneylenders are now targeting HDB sellers

Licensed moneylenders are changing strategies, and are now targeting HDB sellers who are in need of immediate cash.

Instead of advertising the availability of personal loans to all and sundry, some moneylenders are stressing that only those who intend to put their homes up for sale need to apply.

The reason seen behind this scheme is that HDB owners will have money after a successful sale of their flats and that will almost ensure repayment.