Tanjong Pagar is a district conveniently located in the central business region of Singapore. It’s known for being widely multi-cultural, colorful, and filled with exciting nightlife activities.
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
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
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
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
It’s a great place to settle if you’re looking to balance work and leisure. The area offers a lot that if your financial health gets slightly shaken, there are several trusted licensed money lenders in the district willing to help you with your financial needs.
What Types of Loans Are There?
Not all loans are the same; there are several kinds of loans designed to meet specific needs and requirements. To identify which time you need, you have to consider your needs.
The following are the most common loans you’re going to come across in Singapore:
A personal loan is an unsecured kind of loan. It is a short term loan that you can use on financial emergencies such as health concerns and tuition fees. Personal loans are also for home renovation, debt consolidation, and more.
It’s the most well-known loan in Singapore, and it’s available to both locals and foreigners legally residing in the country. To apply, make sure you have all the documents they need.
Terms of loan:
- Minimum salary of $1500
- Loan amount of up to 6X salary
- Interest rate of up to 4%
Handling a start-up business is not only challenging to put-up but can also be hard to sustain. As the name suggests, this loan is made especially for businesses. You may borrow up to $200,000 with a 5-15 percent interest rate, with 24 months repayment period (subject to terms and conditions of the agreement).
Each financial establishment offers various types of business loans. There are different loans for start-ups and small to medium enterprises (SME).
Many business owners find comfort with business loans; it can help them fund some necessities like equipment and advertisement. In some cases, they use it to support the wages of their employees.
To apply for a business loan, your company must be operating for at least one year and has a minimum turnover of $60,000. Note that the interest rate for this type of loan is naturally higher as compared to others.
A payday loan is used to supplement your income in cases of emergencies and unexpected events. It’s like getting your salary in advance.
What’s interesting about payday loans is that they can be used on anything, they are available to you immediately after applying and you can get this loan even with a bad credit score.
With this loan, you have access to 1X your salary and the loan period is one month or until your next pay day.
Additional fees include a maximum of $60 for late payment and a processing fee of not more than 10% of the principal amount.
The monthly loan can be used for a wide variety of purposes including, car payments, vacation, and home improvements. How it works is that you take out one single loan to cover your expenses and you repay the loan monthly by means of fixed-rate installments.
Many people resort to monthly loans because of the number of benefits they bring. Here are some of the benefits:
- Fixed interest rate
- The ability to borrow large amounts of money
- Available even with a bad credit score
Foreigner loans are dedicated to expatriates that can enjoy the same interest rate and repayment terms as the personal loan. The only difference is the additional documents required such as a passport, work permit, among others.
The following are typical terms of a foreigner loan:
- Maximum loan amount of 6X salary
- Loan term of up to 12 months
- Interest rate ranging between 1 and 4%
How Can We Help?
It takes a great deal of patience and knowledge to find the loan that would be most beneficial to you.
That’s where we come in. With our expertise, we can determine exactly which loan is best for you by simply looking at your needs and requirements.
List of Money Lenders in Tanjong Pagar
Credit 21 Pte Ltd is a legal money lender in Singapore. Their credit solutions include personal loans, business loans, payday loans, and foreigner loans, among many others. They offer a competitive interest rate of 4 percent per month and a principal rate of up to 10%. MoneylenderReview.com aims to provide reliable customer reviews and feedback on best moneylender 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.
10 Anson Road #01-07, International Plaza, Singapore 079903
Credit Culture Pte Ltd is a licensed money lender that is a subsidiary of Dey Pte Ltd. They offer personal loans at a very competitive rate of 1 percent per month. They do not require a late interest fee. MoneylenderReview.com aims to provide reliable customer reviews and feedback on best moneylender 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.
31A, KEONG SAIK ROAD, SINGAPORE 089138
Credit Thirty3 Pte Ltd is a licensed money lender located in Lucky plaza, Singapore. It mainly offers payday, personal, foreigner/expat, and business loans. Aside from these, it also offers lifestyle loans including renovation, education, Grabtaxi Driver, electrical appliances, and luxury goods loans. For clients in need, the company also has urgent emergency and bad credit personal loans. MoneylenderReview.com aims to provide reliable customer reviews and feedback on legal money lender 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.
190, LORONG 6 TOA PAYOH, #01-548. SINGAPORE 310190
Power Credit is a licensed money lender company which is commissioned by the bank of Singapore. They provide bank loan approval within 60 minutes and loans for bad credit or low-income customers as well. They provide personal, fast cash, wedding, business payday and foreigners loan. MoneylenderReview.com aims to provide reliable customer reviews and feedback on accredited money lender Singapore. Rest assured that the money lenders in our directory are licensed by the Registry of Moneylenders and have complied with the Moneylenders Act.
1 Tras Link #01-11, Orchid Hotel, Singapore 078867
- 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