In the event that you are standing for a surety of the loan, you must take into account the following: a)you fully understand your responsibilities, b) you must have a copy of the Note of Contract when the loan is granted to the borrower, c)the licensed moneylender has explained well the terms in the Note of Contract, d)the lender also does not retain your NRIC card or other personal ID documents, and e)the moneylender never asks for your personal log-ins e.g. your SingPass or online banking account or your email log-ins. Take in mind that you need to be fully aware of the responsibilities since it involves legal liabilities.