Balestier is a sub zone in Central Singapore, commonly known for its budget hotels and its delicacies such as bak kut and chicken rice. In the late 1960s and 1970s, Balestier was recreated into a destination for entertainment with the Ruby Theatre and Shaw Studios which were synonymous with Asian cinema. Now Balestier is filled with trendy hidden cafes, food stalls and hotels.
Summary of Top Legal Money Lenders of 2021
Fortune Credit Pte Ltd is a licensed moneylending company with branches in Bugis, and Bras Basah, Singapore. It offers personal loans, business loans, foreigner loans, wedding loans, renovation loans, payday loans etc. The moneylender provides free consultation and quotes and low interest rates from 1% to 4%. It also offers unsecured loans and flexible repayment options.
470 North Bridge Road #02-01A Bugis Cube Singapore 188735
365 Credit Solutions Pte Ltd offers different types of loans including personal loan, payday loan, foreigner loan, and business loan. They have competitive rates of up to 1 percent per month with loans processed within one hour.
14, Scotts Road, #03-64, Far East Plaza, Singapore 228213
GM Creditz PTE Ltd. is a company that offers monthly loans, foreigner loans, business loans, payday loans, and personal loans in City Hall, Singapore. The licensed moneylender charges no hidden fees, and offers flexible repayment plans and 30-minute preliminary loan approval process for online applicants.
111 North Bridge Road #01-41, Peninsula Plaza, Singapore 179098
A1 Credit SG Pte Ltd offers personal loans, foreigner loans, business loans, payday loans in Havelock II, Singapore. They offer loans for Singaporeans whose minimum monthly income is $1,500 and for foreigners whose minimum monthly income is $2,000.
2 Havelock Road #02-08 Havelock II Singapore 059763
Since 2007, Bugis Credit Pte Ltd is a licensed money lending company that offers personal loan, payday loan, business loan, and foreigner loan in Bugis Cube, Singapore. Those with a minimum income SGD 2,000 can avail of their personal loan solutions.
470 North Bridge Road #02-12 Bugis Cube Singapore 188735
Raffles credit is a company running in Singapore since 2011. They provide personal, business, payday and foreigner loan. They approve loans as fast as in 1 hour, subject to approval. They charge up to 4% of the rate of interest on any loan provided.
17A Circular Road Singapore 049373
If you found yourself lacking in funds, you can easily acquire a loan from revered licensed moneylenders to all alleviate your financial worries.
How to Identify a Licensed Money Lender?
Not all loan providers in Balestier are licensed moneylenders. Some are what are known as loan sharks. These lenders offer loans at unbelievably high interest rates and typically retrieve their funds through adverse methods. These are the prompts to identify a licensed money lender:
- Licensed moneylenders will always require you to sign a legally binding contract. A licensed moneylender is required, by law, to have all their clients sign a contract prior to providing them with a loan. This contract will contain information highlighting the terms of the loan. These stipulations include the interest rate, late payment fees, repayment period as well as others
- A licensed moneylender will breakdown the stipulations in a language of you are able to comprehend. If your lender is unwilling to explain the terms of your contract in a language that you can understand then it is quite likely that the contract contains adverse terms. It is important that you know that you have the right to have the contract translated for you before agreeing to any terms.
- A legitimate licensed moneylender will always have a physical office. If your lender is adamant about concluding your contract online or at a place other than their official office, which you can verify on the Registry of Moneylenders’ website, then it would be wise to proceed with caution.
What to Consider When Taking a Loan?
Before taking a loan, take some time to consider the following important points:
- Are you qualified to take out a personal loan?
The basic requirements to meet before taking out the loan are: are you older than 18 years, do you have a consistent stream of income, do you have a non-resident visa or are you a permanent resident of the nation? All these basic requirements must be met before being able to take out a loan.
- What do you intend on doing with the acquired personal loan?
Knowing what you intend on doing with the funds acquired will ensure that you opt for the correct type of personal loan. This could mean paying more money, in the form of interest, than you would have paid if you chose the most appropriate type of personal loan.
- What is the duration of the loan period?
The term of the loan stipulates the lifespan of the loan, after which you should have repaid the loan in its entirety. You should always opt for the shortest, sensible, loan term because you should avoid paying more money in the form of interest than you have to.
How MoneylenderReview Can Help You?
Differentiating between different loan products, maximum amounts offered, interest rates, and other associated costs can be quite challenging. That is where we step in.
List of Money Lenders in Balestier
1133 Moneylenders Pte Ltd is a licensed money lender since its establishment as an Exempt Private Limited Company in 2016. It offers personal loan and payday loan for borrowers in Singapore. MoneylenderReview.com aims to provide reliable customer reviews and feedback on best licensed moneylender in Singapore. Rest assured that the money lenders in our directory are licensed by the Registry of Moneylenders and have complied with the Moneylenders Act.
262, Balestier Road, #01-02, Okio, Singapore 329714
Since 1969, Cash Mart Pte Ltd is a licensed money lender. They are one of the oldest existing money lenders in Singapore. Their credit products are payday loans, business loans, and personal loans. Their payday loans are offered at a very competitive rate of 0.98 percent. MoneylenderReview.com aims to provide reliable customer reviews and feedback on best moneylender in Singapore. Rest assured that the money lenders in our directory are licensed by the Registry of Moneylenders and have complied with the Moneylenders Act.
277 Balestier Road, Singapore 329726
- Beach Road
- Boat Quay
- Bukit Merah
- Bukit Timah
- City Hall
- Clarke Quay
- Holland Village
- Little India
- Raffles Place
- Paya Lebar
- River Valley
- Potong Pasir
- Serangoon Road
- Tanjong Pagar
- Telok Blangah
- Toa Payoh