Telok Blangah is located in an area behind Keppel Harbour in Bukit Merah, Singapore. It is a subzone region and housing estate. Known for its historical sites, Telok Blangah still houses Masjid Temenggong Daeng Ibrahim, a mosque that was formerly a royal audience hall, and the Johor Royal Mausoleum. 

Summary of Top Legal Money Lenders of 2021

Known ways of spotting illegal moneylenders

Not all moneylenders in Singapore are licensed. It is not safe to deal with those operating without a license. Illegal moneylenders are loan sharks that aim to trap you in debt due to their unreasonable interest rates.

To spot illegal moneylenders, be wary if they do some or all of the following: 

  • Retain your NRIC card or personal ID documents
  • Approve a loan without exercising due diligence
  • Grant a loan without giving you a contract or explaining the terms and conditions
  • Use abusive language and threats
  • Ask for your SingPass credentials
  • They are not listed by the Ministry of Law of Singapore 

 

Have required documentation with you during application

Your application will be more convenient if you prepare the required documents ahead of time. Each moneylender may ask for a different set of requirements. Be sure to check out its website and prepare the specific requirements needed for a particular loan. 

 

Find out about any collateral requirement upfront

As a general rule, most licensed moneylenders do not require collateral to approve a loan. However, it will be more prudent to ask if there’s a collateral requirement upfront. A secured loan usually has a lower interest rate. If you want to enjoy this, you can call or contact the moneylender online first so you can prepare better.

Advantages of taking a loan with a money lender?

Here are significant factors that make moneylenders a practical choice:

1.     Credit Scores Don’t Matter

Unlike banks, moneylenders do not consider credit scores that much. Even if you have a low credit score, moneylenders may still grant you a loan. 

2.     Quick Transactions and Cash Disbursement

Moneylenders also ask for fewer requirements making the transaction quick and easy. In fact,  you can secure your loan as soon as you sign the agreement. Moneylenders can grant your loan in an hour, making it a helpful choice if you are in an emergency. 

3.     Customised Loan Packages and Repayment Plans

Dealing with moneylenders helps you tailor fit the loan according to your needs and abilities. This option makes them a more attractive choice. 

 

How can our company help you? Why us?

There are a couple of licensed moneylenders out there, and perhaps you find the search for moneylenders daunting. Worry not. Our company is here to help. We, at Moneylender Review, are committed to bridging the gap between moneylenders and borrowers. 

If you want an up-to-date directory of best licensed moneylenders in Singapore and personalised loan quotes from multiple licensed moneylenders all at once, then you came to the right place. 

Searching for the best plan for you only takes three steps. Here are our convenient and hassle-free process for you: 

  1.     Submit a loan application form.
  1.     Receive your personalized loan quotes.
  1.     Visit the Licensed Moneylender office to sign the papers and secure your loan!

 

Conclusion

Moneylender Review is ready to help in case you need additional information or clarification on anything. Our goal is to assist you in securing the loan that best fits your needs!

To get up to three loan quotes from Singapore’s money lender Singapore, apply now!

List of Money Lenders in Telok Blangah

No licensed money lenders found in the area