Pasir Ris is a planning area found next to Changi Airport and Tampines. What really stands out about Pasir Ris is the amount of amenities and recreational activities to do. In fact, the place is packed with swimming pools and water parks.
It’s the ideal place to travel to or settle in if you’re in search of a place with somewhat of an olden-day aesthetic but still modern enough to keep you entertained.
What Is a Bridging Loan and How Does it Work?
Bridging loans are specially designed for Singaporeans who want to purchase a new property, like a house or flat, but need to borrow additional capital to fund the purchase.
Features of a bridging loan:
- $1500 minimum salary
- Maximum loan amount of 6X salary
- Maximum interest rate of 4%
- Loan term of either one month or until the outstanding process has been finalised
What Are the Advantages of Getting a Bridging Loan from a Moneylender?
- Minimal requirements: The most important requirement is the Option to Purchase. Other requirements are easy to provide, such as proof of income.
- Quick application: Loan officers can get back to you within an hour after submitting the application
- Fast disbursal of loan: You can receive the money as soon as you sign the contract in-person. The officer will explain the terms beforehand so make sure to understand the terms before you agree.
How to Apply?
You must exercise the Option to Purchase (OTP) to be eligible and apply for a bridging loan. Moneylenders require borrowers to be at least 18 years old and have a minimum salary of $1,500.
Other typical requirements are:
- Copy of the OTP
- Identity card
- Proof of residence
- Proof of employment
- SingaPass to log in to IRAS, HDB, CPF
Why Get a Loan Through Us?
Moneylender Review is a loan comparison site that finds the most suitable loan packages for borrowers according to their budget and needs. We do the legwork and tons of research so you don’t have to. We do this to help you make smarter financial decisions while taking steps to financial independence.
Summary of Top Legal Money Lenders of 2022
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
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
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
List of Money Lenders in Pasir Ris
No licensed money lenders found in the area
- 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