All loans are subject to review and approval. Annual percentage rates (APRs) for our loans vary, depending on various criteria. Eligibility to receive a loan is not guaranteed, and extending a loan requires that a sufficient pool of liquidity is available to fulfil your request and that you meet other conditions. Borrowers must be individuals resident in Singapore, holding either Singapore citizenship, Singapore permanent residency, a valid work pass, or a long term visit pass,and must be at least 21 years old at the time of application for a loan. Borrowing against collateral entails risk and may not be appropriate for your needs. MWA does not provide legal or tax advice. Please consult your advisor before applying for a loan.
You acknowledge that you have read and understood these Terms and that you are at least 21 years old.
MWA reserves the right to refuse use of the Services to anyone and to reject, cancel, interrupt, remove or suspend any application, transaction or services at any time and without notice for any reason without liability.
a. to use the Website, the App and the Services in any way that violates any applicable law, legislation or regulation;
b. to use the Website, the App and the Services for any unauthorized, fraudulent, or malicious purpose;
c. to engage in any other conduct that restricts or inhibits anyone's use or enjoyment of the Website, the App and the Services, or which, as determined by us, may harm the Company or users of the Website and/or the App or expose them to liability;
d. to use the Website, the App and the Services in any manner that could disable, overburden, damage, or impair the site;
e. to use any robot, spider, or other automatic device, process, or means to access the Website and/or the App for any purpose, including monitoring or copying any of the materials on the Website;
f. to access systems, data or information not intended by us to be made accessible to a user;
g. to obtain or attempt to obtain any materials or information through any means not intentionally made available by us; or
h. to use the Website, the App and the Services for any use other than the purpose for which it was intended.
For example, you will not use the Website, the App and the Services in connection with money laundering or the financing of terrorism.
You acknowledge that you have read through the Notes to Borrowers When Obtaining Loans from Licensed Moneylenders issued by the Ministry of Law. If you do not understand English, the Notes have been explained to you in a language/dialect which you understand. Weblink here: https://www.mlaw.gov.sg/content/dam/minlaw/ipto/assets/documents/LinkClick04.pdf. Before approaching us, you have considered other alternatives for borrowing money. You acknowledge that you are taking this loan in your personal capacity and solely for your own benefit.
The Services, the Website and the App may use data collection devices such as “cookies” and other technologies such as pixel tags and web beacons to personalize your online experience, help analyze the flow of the Website and/or the App and measure promotional effectiveness. "Cookies" which are small files that reside on your computer's hard drive generally contain an anonymous unique identifier and are accessible only by the website that placed them there and not by any other website. We may offer features that are only available through the use of a “cookie”.
You may choose to enable or disable cookies in your web browser or mobile application. Most web browsers and mobile applications automatically accept cookies but you can modify your device to prevent that or to notify you each time a cookie is set (if your browser/ application permits you to do so), although in such a case you may not be able to access certain features on the Website and/or the App which may be restricted or rendered inoperable. In addition, you may delete cookies that have already been placed on your hard drive. For further details please refer to the help menu in your browser and/or mobile application.
At our request, you agree to provide us with the information we request for the purposes of identity verification and the detection of money laundering, terrorist financing, fraud, or any other financial crime and permit us to keep a record of such information, subject to applicable laws, legislation or regulations.
By submitting an application through the Website and/or the App, you confirm the following:
a. all the details provided by you are accurate and complete;
b. all original documents provided by you are authentic, in full force and effect and has not been terminated, suspended or amended;
c. there is no other information or documents other than those which have been disclosed by you that would require examination for any loan application;
d. there is no law or contractual obligation which would prevent you from performing the terms of this loan; and
e. you have not been adjudged to be a bankrupt under any applicable law in Singapore or in any other jurisdiction in the world.
MWA is the owner or the licensee of all intellectual property rights in the Website and the App, and in the material published by it. Such content include at any given time text, graphics, logos, icons, images, sound clips, video clips and data compilations, and together with the Website and the App's page layout, underlying code and software. All such rights are reserved. You agree to respect all intellectual property rights, including but not limited to copyright, trademarks, trade names (whether registered or not) contained or displayed on the Website and the App or which you gain access to in connection with using the Services.
We do not warrant the accuracy, completeness, or usefulness of any information presented on or through the Website and the App. Any reliance you place on such information is strictly at your own risk. We disclaim all liability and responsibility arising from any reliance placed on such materials by you or any other visitor to the Website and/or the App, or by anyone who may be informed of any of its contents. Nothing on the Website or the the App constitutes:
a. advice or a recommendation of any kind (legal, financial or otherwise); or
b. an indication of results that may be achieved.
Services on the Website and the App are provided on an "as is" and "as available" basis and makes no warranty, guarantee, or representation (express or implied) that the Website and the App will meet your requirements, that it will be of satisfactory quality, that it will be fit for a particular purpose, that it will produce any specific results, that it will not infringe the rights of third parties, that it will be compatible with all systems, that it will be secure, or that all information provided will be accurate.
In no event shall MWA, nor any of its officers, directors and employees, be liable to you for anything arising out of or in any way connected with your use of the Website and the App, whether such liability is under contract, tort or otherwise, and MWA, including its officers, directors and employees shall not be liable for any indirect, consequential or special liability arising out of or in any way related to your use of the Website and/or the App.
MWA controls and operates the Website and the App from Singapore and makes no representation that these materials are appropriate or available for use in other locations. If you use the Website or the App from other locations you are responsible for compliance with applicable local laws, legislation and regulations.