Thomson is a popular spot for nature-lovers since it is in close proximity to Singapore’s largest water catchment area. It is a narrow area stretching from Novena in the Central Region of Singapore up north to Sembawang. Dotted with several local restaurants and hip cafes, you will always find exciting things to do in Thomson like an afternoon hike along MacRitchie Trails, or be bold on the TreeTopWalk suspended bridge for a great view and a thrilling experience.
Summary of Top Legal Money Lenders of 2021
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
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
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
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
Thomson has easy access to the Central Area which houses popular schools and parks. This part of Singapore is favored by expatriates and locals alike due to its unique vibe.
What Is SME Business Loan and How Does it Work?
A small to medium-sized (SME) business loan is a type of loan that aims to fund small and medium-sized businesses, whether they are looking to expand the business, acquiring additional equipment, or in need of extra operational funds.
A SME business loan is similar to a personal loan. The borrower is given a fixed lump sum that must be paid together with a reasonable interest rate in a flexible term.
Advantages of Taking SME Business Loan With a Moneylender
Traditionally, most people go to banks to get funding. However, today, licensed moneylenders are rising as trustworthy sources of loans. The following are the advantages when you consider loaning with a moneylender:
- Low credit is not a bar to your application
Unlike banks, moneylenders do not deny loan applications based on low credit scores. For them, they just want to look at the company’s current ability to repay the loan amount. If your credit score is low, consider getting a loan from a moneylender.
- Quick loan approval
Moneylenders require fewer documents for loan approval. Thus, the approval of a loan may be done within hours. If you need immediate financing solutions, licensed moneylenders are the way to go.
- Customised loan packages and repayment plans
Unlike uniform bank requirements, packages and repayment plans, moneylenders are more lenient and concerned with your personal experiences. Thus, they are more flexible to adjust the loan terms depending on your capacity to repay.
How to Apply?
To be eligible in a SME business loan, here are the qualifications: your business (1) is registered in Singapore, (2) has been operational for at least one year, and (3) has a minimum turnover of $60,000 per year.
You need to prove eligibility by providing your moneylender with the following documents:
- 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)
How Can Our Company Help You? Why Us?
At Moneylender Review, we aim to bridge the gap between moneylenders and borrowers. We have an updated directory of the best licensed money lenders Singapore. We can also provide personalised loan quotes from multiple licensed moneylenders all at once!
We understand that getting a loan may be difficult for you. Thus, we only give relevant information that you need to know. We also provide for the review of services of different moneylenders.
Lastly, we want you to have a convenient and hassle-free experience in getting your best business loan. Thus, your inquiry may only take three steps!
- Submit a loan request using our online form.
- Receive up to three loan quotes from the best licensed moneylenders near Thomson.
- Visit the licensed moneylender office to sign the papers and secure your loan!
Moneylender Review partners only with the best licensed moneylenders. We have helped several SME businesses in Singapore in finding the right financial solution for their business needs, with ease and confidence.
List of Money Lenders in Thomson
United Credit is an organisation based in Singapore since 2010. They provide swift approval within 30 minutes and gives loan at the market rate of 4%. They also offer loan to low-income customers as well. 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.
275, Thomson Road, #01-21, Novena Regency, Singapore 307645
- 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