Is licensed money lender singapore the same as ...

Is Licensed Money Lender Singapore the same as “loan sharks”? Loan shark is a term for someone who takes advantage of lending money to others by requesting a refund of a loan of several percents depending on the amount of money loan over a period of time, if unable to return the loan on time, it will be fine with the percentage already Determined, so the bigger the return of money up to 2 times the loan money...