The East Coast of Singapore is one of the five regions in the city-state. It is mostly a residential area. The place houses Changi Airport and Paya Lebar Airbase.

Summary of Top Legal Money Lenders of 2021

If you want easy access to the international airport, white sand beaches, and other famous eating spots, the East Coast is the best place. Apart from these, different parks and camping areas are found in this area.

How to Get a Fast Cash Loan?

Known ways of spotting illegal moneylenders

It is not safe to deal with moneylenders without a license to operate. Illegal moneylenders are loan sharks that aim to trap you in debt due to their unreasonable interest rates.

To spot illegal moneylenders, be wary if they do some or all of the following:

  1. Retain your NRIC card or personal ID documents
  2. Approve a loan without exercising due diligence
  3. Grant a loan without giving you a contract or explaining the terms and conditions
  4. Use abusive language and threats
  5. Ask for your SingPass credentials
  6. They are not listed by the Ministry of Law of Singapore

Have required documentation with you during application

Before dealing with moneylenders be sure to prepare all the documents they may require. Visit their websites to know more about the full documentation they need to process your loan. This will help fast-track applications.

Find out about any collateral requirement upfront

Most licensed moneylenders do not require collateral to approve a loan. However, to be sure it is always advisable to still ask if there’s a collateral requirement upfront. Loan interest rates are lower when a loan is secured. If you want to enjoy this, you can call or contact the moneylender online first so that you can prepare better.

Advantages of Taking a Loan With a Money Lender

Taking a loan with moneylenders has advantages. These are:

  1. Credit Scores Don’t Matter
    Moneylenders are not strict when it comes to credit scores. Unlike banks, you may still get a loan even if you have a low credit score.
  2. Quick Transactions and Cash Disbursement
    Since moneylenders only ask for a few requirements, the loan application is quick and easy. You may secure your loan after signing the agreement, which can happen within an hour. If you are in need of urgent cash, then getting a loan with moneylenders a good idea.
  3. Customised Loan Packages and Repayment Plans
    Another attractive advantage is the option to customize your loan package. Moneylenders are more flexible when it comes to structuring the loans. If you want a loan that best fits your situation, then get it from a moneylender.

How Can Our Company Help You? Why Us?

If you have a hard time looking for licensed moneylenders, we are here to help. We, at Moneylender Review, are committed to bridging the gap between money lenders and borrowers.

Our company has the most updated directory of the best licensed moneylenders in Singapore. You will also get personalised loan quotes from multiple licensed moneylenders all at once!

Don’t worry much about the process of getting your loan. Thus, we provide you with a three-step process that will conveniently help you find the perfect loan for you.

  1. Submit a loan application form.
  2. Receive your personalised loan quotes.
  3. Visit the Licensed Moneylender office to sign the papers and secure your loan!

Conclusion

Moneylender Review is ready to help in case you need additional information or clarification on anything. Our goal is to assist you in securing the loan that best fits your needs!

Get up to three loan quotes from Singapore’s best legal money lender by filling up our online form today

List of Money Lenders in East Coast

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