If you’re looking for a remote yet modern place, Changi Village is a modernised place in the eastern part of Singapore. Due to its location, it’s often regarded as a transit place where people like fishermen and traders tend to stop by on their way to other places.
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
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
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
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
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
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
Changi village also gives access to an array of licensed moneylenders offering different kinds of loans.
Types of Loans
A personal loan is usually unsecured. You can use this loan for any personal reasons such as for home renovation, medical bills, wedding, among others. The amount that you can get depends on your salary.
Features of a personal loan:
- Minimum income of $1500
- Loan amount of a maximum of 6X salary
- Loan term of 12 months
It’s completely normal for businesses to borrow money for daily operations and working capital, but instead of opting for a bank overdraft, a good alternative is a business loan.
It will allow your business to reach its monthly targets with relative ease.
It’s worth noting that in order for your loan application to be considered, you’ll have to provide various company documents like a recent financial statement and recent utility bills that are under the business name.
Features of a business loan:
- Maximum loan amount of $200 000
- 5-15% interest rate
- Maximum 24 months loan term
The Payday loan was introduced to the market to cater to people who need to borrow money quickly in order to resolve issues like urgent overdue utility bills or other emergencies.
Since it’s an ideal choice for pressing situations, you’ll usually have access to the money the same day as you apply for the payday loan.
To apply for it, you need to provide proof of employment, which is typically a recent pay slip.
Next, you need to meet the income requirements of SGD1500 if you’re a local citizen or SDG2000 if you’re a foreigner.
Features of a payday loan:
- 1X salary
- 1 month repayment period or until next payday
- Maximum late fee of $60
A Monthly Loan comes in handy when you have something that needs immediate funding, but also it’s a versatile loan that can be used for a wide variety of reasons.
It’s especially a good choice if you have a steady stream of income and you can afford to repay monthly payments for a predetermined period of time.
Unlike the payday loan, the monthly loan can be medium-term or long-term depending on the amount of money you borrowed.
Features of a monthly loan:
- minimum income of $1500
- Loan amount of up to 6X salary
- 12 months loan term
Foreigners often have a hard time finding loans that are specifically designed for them and that don’t feature requirements that most foreigners don’t meet.
For this reason, the foreigner loan targets a typical foreigner’s financial needs.
Features of a foreigner loan:
- Minimum income of $2000
- Loan amount of a maximum of 6X salary
- Loan term of 12 months
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List of Money Lenders in Changi Village
On Line Credit has been providing loans in Singapore since the year 1998. They provide diverse product range to customers, including personal loans, bridging loans for private property, short term loans and loans for foreigners. They also provide Emergency loans for anyone having immediate needs. MoneylenderReview.com aims to provide reliable customer reviews and feedback on accredited licensed money lender Singapore. Rest assured that the money lenders in our directory are licensed by the Registry of Moneylenders and have complied with the Moneylenders Act.
Blk 210 New Upper Changi Road #01-731, (half portion only), Singapore 460210
UK Credit (S) provides the loan repayment period of up to 12 months, subject to approval. Also they give loan at a 4% interest rate per month and a loan amount of up to 6 times the customer’s monthly salary. MoneylenderReview.com aims to provide reliable customer reviews and feedback on reliable money lenders 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.
210 New Upper Changi Road #01-723, Singapore 460210
- 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