Most of what goes wrong for borrowers in Singapore's lending market isn't outright fraud. Fees are disclosed, loans are real, terms are on paper. What's missing is any real check on whether a fee is reasonable, whether a promise made verbally has anything behind it, or what happens when the person who arranged your financing simply stops answering their phone.
This series collects specific, real cases I've come across in the course of advisory work — each one a small window into a gap in the system rather than a verdict on any one person. New entries get added here as they come up.
| Story | Published | Summary |
|---|---|---|
| Borrower Charged 30% Consultation Fee by Broker for Simple Mortgage Loan Referral | 26 Sept 2026 | A client raising funds against a family property was charged a 30% consultation fee — roughly $294,000 — on a $980,000 loan. |
| Broken Promises That Led to Borrower Almost Losing His Once-Unencumbered Property | 26 Sept 2026 | A second broker sold the same client a $150,000 caveat loan on a promise to arrange refinancing shortly after — then disappeared. |
Come across something like this yourself, or want a second opinion on a fee or loan structure you've been offered?
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