maid loan and agency fees

[gumiho]

Please advise why is the Placement Fee so high ?

[verykiasu2010]

gumiho:

Please advise why is the Placement Fee so high ?

1. profit need to be maintained
2. cost of running the agencies eg office rental might have gone up

[gumiho]

Agencies Fee - S$588 (EST)

Maid Loan - S$3200 (EST - 8 mths)

Total : S$3788.00

That is consider a huge amount to collect from Employer solely for a maid.

[Funx3]

gumiho:

Agencies Fee - S$588 (EST)

Maid Loan - S$3200 (EST - 8 mths)

Total : S$3788.00

That is consider a huge amount to collect from Employer solely for a maid.

Maid Loan - Is this Paid in PD Chq by installment,
OR in ONe Lump Sum?

[letlive]

Hi, i have just heard from an agent that come april 2011, the new maid’s loan will be borne by employer as part of agency fees. i cannot seem to confirm this news from the mom website. As anyone heard about it or is it jus this agency’s tactics to get me to hire sooner than later? thank you for help…

[gumiho]

Funx3:

gumiho:

Agencies Fee - S$588 (EST)

Maid Loan - S$3200 (EST - 8 mths)

Total : S$3788.00

That is consider a huge amount to collect from Employer solely for a maid.

Maid Loan - Is this Paid in PD Chq by installment,
OR in ONe Lump Sum?

Lumpsum.
Understand the Agency Fee will be double if pay by Postdated cheque.

[Funx3]

gumiho:

Funx3:

[quote=\"gumiho\"]Agencies Fee - S$588 (EST)

Maid Loan - S$3200 (EST - 8 mths)

Total : S$3788.00

That is consider a huge amount to collect from Employer solely for a maid.

Maid Loan - Is this Paid in PD Chq by installment,
OR in ONe Lump Sum?

Lumpsum.
Understand the Agency Fee will be double if pay by Postdated cheque.[/quote]Wah, A Lot of Advance Fees Collected UpFront by the Agencies ....
What if Maid Found Not Suitable To Work, and Need Replaced?
Then Got to Pay Another 8 Months Maid Loan Again?

[verykiasu2010]

Funx3:

gumiho:

[quote=\"Funx3\"]
Maid Loan - Is this Paid in PD Chq by installment,
OR in ONe Lump Sum?

Lumpsum.
Understand the Agency Fee will be double if pay by Postdated cheque.

Wah, A Lot of Advance Fees Collected UpFront by the Agencies ....
What if Maid Found Not Suitable To Work, and Need Replaced?
Then Got to Pay Another 8 Months Maid Loan Again?[/quote]multiply that S$3788 by a thousand maids a year = S$3,788,000 income per year for the agency

[gumiho]

Funx3:

gumiho:

[quote=\"Funx3\"]
Maid Loan - Is this Paid in PD Chq by installment,
OR in ONe Lump Sum?

Lumpsum.
Understand the Agency Fee will be double if pay by Postdated cheque.

Wah, A Lot of Advance Fees Collected UpFront by the Agencies ....
What if Maid Found Not Suitable To Work, and Need Replaced?
Then Got to Pay Another 8 Months Maid Loan Again?[/quote]Nope. Their loan will extend additional 1 or 2 months, depend on the Maid Agencies.

[Funx3]

verykiasu2010:

Funx3:

[quote=\"gumiho\"]
Lumpsum.
Understand the Agency Fee will be double if pay by Postdated cheque.

Wah, A Lot of Advance Fees Collected UpFront by the Agencies ....
What if Maid Found Not Suitable To Work, and Need Replaced?
Then Got to Pay Another 8 Months Maid Loan Again?

multiply that S$3788 by a thousand maids a year = S$3,788,000 income per year for the agency[/quote]Waliao verykiasu2010 U Very FAST Calculate -le!
May Be Can Consider Change Vocation to .... MAID AGENCY- Cum - LOAN AGENCY? (So Much Money Come in Fast and Interest-Free Too!)