Singapore’s Little India is a hit among tourists and Singaporeans because of the many cultural spots and hotpot mixes you’ll find in the area. For example, you can find the Sri Veeramakaliamman Temple, one of the world’s oldest Hindu temples surviving the Second World War, among other Hindu and Buddhist temples in the area.
Summary of Top Legal Money Lenders of 2022
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
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
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
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
However, if you’re a bit short on cash, enjoying your spiritual and cultural exploration might come to a halt. Thankfully, you can quickly find a reliable lender for all your financing needs in the area.
How Do You Know You’re Working With a Licensed Moneylender?
With a quick search engine query, you’ll find a helpful licensed moneylender easily. However, you might fall for a loan shark’s trap because of their convincing advertising and enticing offers. Here are a few easy ways to spot legitimate lenders:
- Advertises Properly
The Ministry of Law oversees all Singaporean moneylending activities. It assigns The Registry of Moneylenders to conduct examinations and the issuing and revoking of licenses. All licensed moneylenders can only advertise through their physical location and website. They cannot have a social media entity or perform outreach messaging.
- Friendly and Helpful Staff
The courteous staff is a must in any licensed moneylending center. They should be willing to completely explain the loan contract’s terms and conditions in the best way possible, especially for first-time borrowers.
- Products are in accordance with The Ministry of Law’s Stipulations
Loan sharks design predatory loan products automatically, sending borrowers to a deep debt spiral. However, the Ministry of Law defends borrowers from these predatory practices through a strict regulatory guideline on all conduct and product design. Check if they’re in the Registry of Moneylenders too.
Things To Consider When Applying for a Loan
Even if you’re working with legitimate moneylenders, you are still at risk of deep debt if you fail to manage your loan. Prepare yourself and everything involved by considering the following before finalizing your loan application.
- Your Income and Work Stability
If you’re on a 30-day resignation notice, you’ll want to delay your loan application until you land a new job. Failing to pay your loan and dealing with the ceiling 4% interest rate can lead you to expensive debt.
- Loan Amount and Financing Objectives
Focus is the primary goal of successful loan repayments. Before applying, list down your financing objectives and priorities. In doing so, you’ll always have the concentration necessary to realign your financial goals correctly.
- Make a Realistic Budget
Personal loans aren’t the best financial solution for all your needs. You’re paying expensive interest fees with a single missed repayment. However, it doesn’t mean you need to compromise your financial needs with an unrealistic budget. If your income-to-debt ratio is above 50%, reconsider applying for a loan.
- Research and Compare Products
Interest rates, loan amounts, and promotions are easy to compare thanks to the Internet. You might be missing out on solid offers if you fail to research and compare numerous financial products available to you.
Moneylender Review: A Helpful Comparison Website
If you need the most advanced moneylending comparison algorithms, you can count on Moneylender Review’s capable search and comparison engine. Find up to three of the best offers and the most useful financing from a legal money lender in Singapore today. Fill out this online form to get them today!
List of Money Lenders in Little India
RM R Credit Pte. Ltd. is an Exempt Private Company Limited, incorporated on November 2018 in Singapore. They cover both secured and unsecured personal loans. They provide flexible loan solution as per the customer’s requirements. MoneylenderReview.com aims to provide reliable customer reviews and feedback on accredited money lenders Singapore. Rest assured that the money lenders in our directory are licensed by the Registry of Moneylenders and have complied with the Moneylenders Act.
29A, Upper Dickson Road, Singapore 207488
S P Credit Pte. Ltd. is a licensed and trustworthy moneylender in Singapore that helps borrowers of all income levels. They are operating since 2018 and provides personal, business and short term loans. MoneylenderReview.com aims to provide reliable customer reviews and feedback on money lenders Singapore. Rest assured that the money lenders in our directory are licensed by the Registry of Moneylenders and have complied with the Moneylenders Act.
43A, Campbell Lane, #02-00, Singapore 209915
TKM Creditz Pte Ltd was incorporated in November 2018 as an Exempt Private Company Limited by Shares in Singapore. They provide personal loan, business loan, education loan, and renovation loan. 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.
43A, Campbell Lane, #02-00, Singapore 209915
- 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