Will Singapore banks regret easy loans for coronavirus-hit businesses?

In a coronavirus-stricken world, Singapore’s loan sharks and licensed moneylenders are feeling the pinch as struggling customers look elsewhere for cheaper credit.Some loan sharks have been driven to desperation from a lack of business. Bogus advertisements for staff to enforce stay-home orders are actually requests for runners. Hundreds of dollars worth of food deliveries are sent to debtors as harassment.ValueMax, one of Singapore’s biggest moneylending and pawning chains with over 30 outlets…

from South China Morning Post https://www.scmp.com/week-asia/economics/article/3085714/will-singapore-banks-regret-easy-loans-coronavirus-hit