Holland Village is a planning area situated close to Bukit Timah in the western part of Singapore. The area was initially where the British army resided and fast forward hundreds of years later, it’s turned into an artistic place.

Summary of Top Legal Money Lenders of 2021

If you’re a huge fan of arts and other creative talents, then Holland Village is a place you should think of visiting and take some time to explore. Furthermore, it’s unlikely that you will face financial hardships you can’t handle because the place is packed with dozens of well-known and trusted licensed moneylenders.

What are the Characteristics of a Licensed Money Lender?

You should note that not every money lender out there is legitimately licensed and authorized by law to lend money. As a matter of fact, there are hundreds of loan sharks out there. The following are sure signs that a lender is licensed:

  • A licensed money lender will be on the list of moneylenders as seen in the Registry of Moneylenders. If you search their name on the Ministry of Law website and their name doesn’t pop up, that’s a pretty good sign that you should discontinue any business you have with them.
  • Licensed moneylenders will always behave in accordance with the government’s accepted behavior for licensed money lenders. That is they will not use aggression, violence and intimidation while working with you.
  • A physical office is a must for licensed moneylenders and they will conduct all business, including signing of contracts on their official office premises.

What to Consider Before you Take a Loan?

It’s not enough to identify a licensed moneylender, you also need to think about whether a loan is exactly what you need and there aren’t any other better suited alternatives. Consider the following before you proceed to borrow money:

  • Do you meet the requirements?
    When it comes to personal loans, licensed moneylenders will generally have lenient eligibility requirements but others tend to be a bit more demanding. One of the most common requirements you’re likely to encounter is whether you have regular income that is above the minimum stipulated income.
  • Can you keep up with monthly installments?
    Monthly installments are small payments you’re going to have to make for a specified period of time, or until you have managed to repay the totality of the loan. It makes sense to take a loan if these monthly installments will not put pressure on your monthly budget.
  • Do you have a set plan to pay it off?
    It’s important to know that you can afford to borrow money, that is, you’ve made all necessary calculations and all your current income streams will be enough to allow you to fully pay back the amount you borrowed.

How Can We Help?

We have enough expertise to identify the best moneylender that will be best adapted to deal with your needs in terms of loan amount, term of loan, interest rates and other terms that most people don’t understand.

Get in touch with us and let Moneylender Review help you find the best legal money lender in Singapore. Simply fill up our online form and get FREE quotes from us today!

List of Money Lenders in Holland Village

No licensed money lenders found in the area