If you’re looking for the best food the country has to offer, Upper Thomson’s AMK Market and Food Center is the dining hub you need. Alternatively, if you feel cultural or seeking a good walk with nature, head straight to Sultan Mosque or MacRitchie TreeTop Walk for excellent views.

Summary of Top Legal Money Lenders of 2022

Whichever you choose to do, always have enough cash on hand to enjoy your weekend getaways. If you’re short on cash, you can always count on licensed moneylenders to help you with funding.

5 Reasons Why Foreigners Choose Licensed Moneylender Foreigner Loans

If you’re a foreigner working in Singapore, you’ve faced enormous obstacles securing a personal bank loan. With licensed moneylenders, foreign borrowers wouldn’t need high credit scores. If they can prove their financing eligibility, they can borrow financing and repay it.

  1. Zero Credit Needed
    Credit scores make up 90% of a bank’s decision-making process for new loan applications. However, licensed moneylenders require no credit scores or ratings for their borrowers. They can quickly get the financing they need in no time.
  2. Much More Lenient Than Banks
    Banks are stringent with their foreigner requirements. If you cannot pass their requirements, you can forget about successful financing. However, with licensed moneylenders, you get the same opportunities to secure a loan as any Singaporean.
  3. Easily Accessible
    You can find the complete list of licensed moneylenders in the Registry of Moneylenders, which the Ministry of Law oversees. Hundreds of lenders give you the best opportunity to find the best deal and financial product for your needs.
  4. Friendly Terms and Conditions
    All licensed moneylender terms and conditions ensure it wouldn’t send you spiraling into deep depth. Furthermore, licensed moneylenders make an effort to suit your current income and job regarding payment plans.
  5. Fully Regulated Activities
    The Registry of Moneylenders and Ministry of Law makes an active effort to regulate all lender activities across Singapore fully. In doing so, you can be sure all their products, services, and conduct have a watchdog that monitors all their activities and executes disciplinary actions.

Foreigner Loans: The Steps Involved

It’s easy to secure your foreigner loan. Here are the basic steps to get you started.

  1. Visit Your Licensed Lender’s Website
    All licensed moneylenders have their respective websites and physical branches. While they’re restricted from performing outreach campaigns, you can contact them and ask about the lending process. On the other hand, most will have a ready-to-fill-out easy form you’ll need to submit.
  2. Submit All Necessary Documents
    Once you’re registered, an online or physical branch representative will ask you to provide the necessary documents they need. For foreigners, your work pass will be necessary. Additionally, you’ll need to provide a copy of your employment contract and tenancy agreement for the billing address.
  3. Get Loan Application Results and Release Date Within a Day
    After you submit all your requirements, you can get your financing released on the same day.

Why Use Moneylender Review?

Moneylender Review is a fully transparent editorial website providing advice on borrowing from the best licensed moneylender Singapore. Our aim is to avert you from loaning from loan sharks and spiraling debt with excellent content, transparent reviews, and more.

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List of Money Lenders in Upper Thomson

No licensed money lenders found in the area