Lending rules by market
For each market, what the published rules require for unsecured consumer loans, in the order a loan is made, and how TS LMS handles each step.
CambodiaLicence from the National Bank of Cambodia · 18% annual interest rate ceiling · Fees and disclosure · Credit risk assessment · Electronic contracts and signatures (Law on Electronic Commerce) · Customer identification under the NBC AML/CFT Prakas · Credit reporting system and protection of electronic personal information · Complaints and collection conductThailandLicence and conduct rules · Interest rate cap · Fees and disclosure of cost · Assessment of ability to repay · Loan agreement and electronic signature · KYC and AML/CFT · Personal data and credit bureau · Debt collectionVietnamLicence and conduct rules · Interest rate cap · Fees and disclosure of cost · Assessment of ability to repay · Loan agreement and electronic signature · KYC and AML/CFT · Personal data and credit bureau · Debt collectionLaosLicence from the Bank of the Lao PDR · Electronic contracts and signatures · Electronic data protection and the credit information companyMyanmarLicence from the Microfinance Business Supervisory Committee · Interest and service fees set by the Supervisory Committee; disclosure · Loan documents; Electronic Transactions LawPhilippinesLicence and conduct · Interest rate cap · Fees, penalties and cost disclosure · Affordability assessment · Loan agreement and e-signature · KYC and AML/CFT · Personal data and credit bureau · Debt collectionIndonesiaLicence and conduct · Interest rate cap · Fees and total cost · Affordability assessment · Loan agreement and e-signature · KYC and AML/CFT · Personal data and credit bureau · Debt collectionMalaysiaMoneylending licence from KPKT · Interest caps: 12% secured, 18% unsecured per year · Only stamp duty, legal costs and refundable charges · Affordability assessment · Prescribed Schedule J/K agreement, witnessed; e-signatures under Act 658 · BNM AML/CFT policy applies to licensed moneylenders · PDPA 2010 consent and cross-border rules; CCRIS via credit reporting agencies · Collection only at approved premises; harassment is an offenceSingaporeMoneylender's licence from the Registry of Moneylenders · Interest cap 4% per month; late interest 4% per month · 10% upfront fee, S$60 late fee, total cost ≤ principal · Income-based aggregate caps and income assessment · Terms explained, Note of Contract; e-signatures permitted · Moneylenders' AML/CFT Rules supervised by the Registry · PDPA 2012 and mandatory Moneylenders Credit Bureau report · Collection hours and conduct (Registry handbook)BruneiMoneylender licence from BDCB · Statutory cap: 24% p.a. unsecured, 15% p.a. secured · Finance companies: 60% TDSR limit · Written, stamped acknowledgement; Electronic Transactions Act · Criminal Asset Recovery Order 2012; non-face-to-face CDD · PDPO 2025; BDCB Credit BureauTimor-LesteODTI licence (Public Instruction No. 06/2010) · Disclosure of credit terms; no charge for information · Credit documentation; Electronic Commerce and Signatures Decree-Law · Law No. 17/2011 and BCTL Instruction No. 05/2017Hong KongLicence and conduct rules · Interest rate cap and extortionate level · Fees and charges · Affordability assessment and records · Loan agreement and signing · KYC and AML/CFT · Personal data and credit reference · Debt collectionIndiaLicence and conduct rules · Key Facts Statement, digital-loan fees and cooling-off · Assessment of ability to repay · Loan agreement and electronic signature · KYC and AML/CFT · Personal data protection and credit reporting · Debt collection and recovery agents
Rule-change alerts
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