Have you ever experienced being in a sudden financial bind because of an unexpected bill or emergency? If you have, you may remember how difficult it is to get the funds you need. You may have had to borrow from your family or friends, a loan from a bank or pawn off your jewelry. Unfortunately, either one of these methods can take time, and you may have to pay more than what you borrowed depending on your arrangement with your family, friends, bank or selected pawn shop. Fortunately, you can also borrow funds from legal money lenders if you find yourself pressed for cash. You simply have to apply online, submit a few requirements and you can get the funds as fast as 24 hours. However, with the number of moneylenders now online promising they have the best loan offers for anyone who needs funds, which one should you trust? Here are five of the most notable moneylenders in Singapore you can count on for your sudden financial trouble:
If you are looking for a payday loan in Bugis, Bugis Credit should be your number one destination. Established in 2007, Bugis Credit is one of Singapore’s highly reviewed money lenders and promises fast loans for Singaporeans and foreigners alike. It is also cited as one of Singapore’s Outstanding Enterprise. Their application process is quite simple. You simply have to fill up the online application form, wait for the call of the loan officer after one hour and head on to their office with all your supporting documents.
During your meeting with the credit officer, they will explain the loans and their respective repayment terms to ensure you understand each offer before you choose. They will also answer all the questions you may have about the loans and indicate all the fees you may be charged with once you borrow from them. Your information would also be reviewed during this period and will be kept confidential to ensure others will not misuse your details. When everything is done, and your loan is approved, simply sign their contract and get the money afterward.
Are you close to Orchard and in need of funds? You can check out Advance Planners Credit. Advance Planners Credit offers the best loan offers for any cash-strapped Singaporean or foreigner no matter when they need funds. The application process is straightforward with this moneylender. You simply have to apply online through their website and wait for them to call you. They will ask you some questions, and if everything seems alright to them, they will ask you to visit their office. Once you arrive at their office, they will request you to fill up a loan application, and once your loan application is approved, you can collect your cash.
All information you provided will be 100% confidential, and they will not restrict your loan terms based on data. Their staff will guide you through the process and render financial assistance should you need to adjust your loan terms. When you find yourself in a financial bind, you do not want to end up borrowing money from a bad money lender that will give you further problems. The lenders we have cited on this page are reviewed based on their online reviews, and you can be sure they are very reliable.
If you are looking for a private money lender with a good reputation and affordable repayment terms, you should check out GM Creditz. Noted as one of the best moneylenders in Singapore by Bizlistings.sg, GM Creditz is open 7 days a week and provides low interest rates and flexible loans for anyone in need of funds.
In order to apply, you need to be 18 years old and above and have a minimum monthly salary of $1500 for local residents and permanent residents or $2000 for foreigners. You can either apply through their website or call their hotline number. Upon application, they will give you an appointment date so they can review your documents, discuss your loan and customize it based on your needs. When you are happy with your loan program, you simply have to sign the contract and get the cash immediately. The contract for every GM Creditz loan is very detailed and lists down all the fees and payments you will need to remember.
Want to get the loan on the same day so you can pay your bills or expenses ASAP? You can try applying to A1 Credit. Established in 2009, A1 Credit is one of the best money lenders in the country. Like other moneylenders, A1 Credit offers a variety of loans depending on your needs and can be customized depending on your requirements and repayment capacity. Each loan they offer also come with low interest rates. Borrowers should be 18 years old and above and must have a minimum monthly income of $1500 for Singaporean and permanent resident borrowers or $2000 for foreign borrowers.
Borrowers with bad credit history can still apply with A1 Credit. However, their situation and repayment capacity will be reviewed before their applications are considered. Those undischarged bankrupts will not be permitted to borrow. To apply for a loan, you can visit their offices in Havelock Road, call their hotline or apply online. When they get your application online, they will call soon after and determine if you are eligible to loan from them. If you tick all their requirements, you will be asked to visit their office and speak to one of their loan officers in case you have questions about the loan. The loan officer would also review your documents to ensure everything is in order. Once you have clarified the details of the loan and its repayment, the loan officer handling your loan application would print out the contract for you to sign it. After you sign, you will be given the money you borrowed immediately. The whole process will usually only take about 60 minutes or less if everything is ok!
Are you looking for a moneylender that is open 7 days a week and offers fast loans? If you are, 365 Credit Solutions may just be the one you need. This money lender was founded in 2010 and is one of Singapore’s Outstanding Enterprises for 2016-2017. They promise same day cash loan approvals and every loan application will be reviewed as soon as possible. Their rates are also great and only reach up to 48% per annum.
If you wish to apply for a loan through 365 Credit Solutions, you must be 18 years old and have a minimum monthly income of $1500 for locals and permanent residents or $2000 for foreigners. You can then submit your application online or visit their offices directly. Once you discuss your loan application with them, they will show you every detail of your loan terms and all the fees that will be charged. Repayments can also be discussed, and you can select whether you wish to repay via bank transfer, GIRO or cash. They will also review your requirements for verification. When you are satisfied with your loan terms, you just have to sign their contract and get the cash immediately.
Things You Should Take Note Of When Choosing A Money Lender
When you require some quick cash to pay medical bills, unexpected vehicle breakdown, or any other unexpected expenses, it’s necessary to find a trustworthy online moneylender. Always bear the below pointers in mind as you choose the right money lender:
The Licensed Money Lender Reputation
Ensure you look for a moneylender who has a professional approach in their dealings with their customers. The moneylender you work with needs to have a focus on transparency and integrity even as they provide you with the financial assistance you urgently need. Before deciding on a lender, it’s suggested that you determine the lender’s company reputation among their previous and current clients. You can get this information by reading through money lender reviews and feedback offered online by their clients.
Loan Request and Approval
Choose a moneylender who can offer you efficient, trustworthy, and fast services for all your financial needs. Fast loan processing needs to be another important criterion to look at when choosing a legal money lender. The lending company needs to be able to address your needs correctly and offer you a solution together with fast processing.
A trustworthy money lender will not carry out extensive background checks and for them to approve your request for a personal loan when you hold a bad credit record. There are licensed and trustworthy loan companies available in Singapore that give considerations to those borrowers who have bad credit. They trust that these borrowers are able of improving their credit score when offered the chance. Therefore, ensure you do your research thoroughly and choose lenders who have less strict policies. This you can conclude by browsing through the application requirements and procedures of the particular lender you intend to work with.
The Money Lender Credibility
It’s is advisable for you to pick a moneylender who has a strong lending background and uses a research-backed approach in all their financial products. The best money lenders should be able to offer client-oriented services to help meet all their financial needs.
Take time to verify their licenses, for you to be sure that the money lenders are allowed to operate their lending business legally. Their license needs to be valid and issued by Registry of Moneylenders. All licensed money lenders need to comply with Moneylenders Act and Rules. Interviews and online research will help you locate the ideal consultant who will give you pointers to help you make an informed decision before applying for a personal loan.
In addition, you need to choose a company that has been in the business for several years. This is because the duration of time in any business serves to reflect on their good reputation and performance.
It is important for you to recognize that legal moneylenders provide interest rates that might differ from one another. It is for this reason that you have to compare interest rates before making your final decision. Confirm that there are no hidden charges and some other essential details that are pointed out in the loan contract’s fine print before signing anything.
Additionally, you need to be cautious of money lenders who offer you very low rates that appear too unbelievable. Always take your time when deciding on the right one for you. Make sure you carry out thorough research before making any commitment to a particular company.
Flexible Loan Repayment Plan
You need to discuss with your moneylender the choice of repayment plan as well. This is because it could affect your being able to repay the loan fully. Even then, you might end up coming across more problems after you get a lender who will provide you the loan amount you require, but the repayment conditions are sadly non-negotiable.
Opt for a lending institution that takes time to talk with you about every topic that may affect your choice of getting a loan. This could include interest rates, repayment terms, loan amount, as well as other issues related to receiving the ideal loan package.
Loan Services and Products
It’s best to choose a licensed moneylender from Smart Loan (Licensed Moneylender Directory) who can give you personalized and best deals as well as rates to match the loan type you are looking for. Once you have reviewed the money lender’s reputation, credibility, interest rates, and their approval process, you need to take a look at their services and products.
It’s better to go for a loan provider that will provide you with a range of loan services and products. This is because you will not have to look further each time you need multiple loans from the same moneylender in the future. Some of the popular loan packages that most lending companies provide include payday loan, personal loan, unsecured loan, foreigner loan, vacation loan, and debt consolidation just to name a few.
Without a doubt, money transactions are the most crucial. For that reason, it’s of the highest importance to pick a lending company that endeavors to uphold the integrity and transparency of their key priorities. Overall, do consider the fairness of all the services they offer to their clients.