Punggol is a scenic waterfront town perfect for outdoor lovers. The Punggol Waterway Park stretches far and long where locals walk, cycle, and relax. You can also hike in Coney Park, ride horses in Punggol Ranch, or attempt a food crawl among the seafood restaurants in the area.
Summary of Top Legal Money Lenders of 2022
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
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
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
If you’re a business owner in Punggol needing financial help, consider a moneylender!
What Is SME Business Loan and How it Works?
SME business loans are loans targeted to finance small and medium-sized enterprises, which make up at least 99% of the businesses in Singapore. Business owners usually take out these loans to expand the business, increase working capital, purchase inventory, and much more.
You can borrow up to $200,000 from licensed moneylenders in Singapore, which charge interest rates ranging from 5 to 15%. The repayment term is usually 24 months, but it can vary based on the terms and conditions you negotiated.
Advantages of Taking SME Business Loan With a Moneylender?
Although the government and banks offer SME business loans, there are advantages to obtaining these loans from licensed moneylenders for the following reasons:
- No High Credit Score Required
A low credit score can be unappealing to banks and finance companies. However, moneylenders are much more concerned with your current ability to repay the loan.
- Fast Transactions
It can take days for a bank to approve and release your loan. But if you need a loan for an immediate business need, getting a business loan from a licensed moneylender can immensely help. You can receive your loan within an hour after submitting your loan application and relevant requirements.
- Customized Loan Packages
To suit your company’s unique requirements, moneylenders can recalibrate their loan packages and repayment plans to help you repay your loan in the best possible way.
How to Apply?
To begin taking out a business loan, you have to fill in the loan application form of your chosen moneylender or a loan comparison service, which can give you multiple loan quotes at once.
You have to be at least 18 years old to apply for this loan. Moreover, your business must be operating for at least a year and has a minimum turnover of $60,000 annually.
Most moneylenders require the following documents as well:
- All directors and partners’ NRIC
- Recent information report (Business Profile) from the Accounting & Corporate Regulatory Authority (ACRA)
- Recent Income tax assessment notice (both personal & from the company)
- Recent financial statement
- Recent invoices or business contracts
- Recent utility bills under the company name
- Recent six-month bank statements
- List of assets owned by the company, directors & partners (if any)
- Office/shop tenancy agreement (if any)
Finally, visit your chosen moneylender’s office to sign your papers and receive your money!
How Can Our Company Help You?
If you’ve decided that an SME business loan from a licensed moneylender in Singapore is the best financing option for your company, then Moneylender Review can help you find the perfect loan for you.
Moneylender Review has the best algorithm that gives you the three best quotes (free of charge) from top licensed money lender in Singapore. Fill out this online form to get your personalised business loan recommendations now!
List of Money Lenders in Punggol
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