West Coast, Singapore has been created out of reclaimed land. From then on, it has become a recreational area. It is also well-known for its commercial facilities, private houses, and condominiums.
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
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
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 has two-storey shophouses where you can find the West Coast Community Centre, Ayer Rajah Food Centre, Jalan Mas Puteh, and Ayer Rajah Market. Since the West Coast is also one of the areas with a large number of international citizens, two international schools have been set up.
There are lots of moneylenders on the West Coast but not all of them are created equal. In identifying a licensed money lender personal loan that West Coast has to offer, you need to set some criteria to avoid becoming a victim of loan sharks.
How to Identify a Licensed Money Lender?
- Unlicensed money lenders advertise using illegal channels
- Moneylenders on the West Coast are not allowed to advertise via SMS or any telemarketing services. If you receive a call or text offering money lending services, delete or report them.
- Unlicensed money lenders will push for online fund transfer
- Loan sharks’ lure borrowers into their mindless schemes because of their fast loan process. They also avoid meeting up with their borrowers in a physical office.
- A licensed moneylender will guide you through the proper application process, which involves filling out an application form and signing up for a loan contract. Unlicensed moneylenders will do anything to gain your trust
- At first, unlicensed moneylenders will appear to be nice and friendly to their prospective borrowers. They will try to be as convincing as possible, but the only way to find out whether or not they are legal or licensed is by checking Singapore’s Ministry of Law’s list of licensed moneylenders.
Factors to Consider When Taking a Loan
- Credit history
You can get lower interest rates if you have a good credit history. Be sure to find out what your acknowledgment score is before applying for a loan.
- Type of Loan
It is also important to ask yourself what and how you want to use the loan for. Since there are different types of loans in the market, you have to explore options taking your situation into account.
- Interest Rate
Do not believe in faulty advertising, offering you the lowest interest rate as there might be some hidden charges. You should also match the interest rate with the repayment terms.
- Loan Terms
There are different terms you can explore when taking a loan, so be sure that you are aware of how the terms will affect your repayment option.
How Can Moneylender Review Help You?
While the choices may be endless when finding a licensed money lender personal loan West Coast, there is no such thing as one size fits all solution. The best thing about Moneylender Review is that they will provide you with the information you need, so you can choose the best moneylender Singapore that offers a comprehensive payment scheme and reasonable interest rates.
They say that if it is too good to be true, it probably is. While loan sharks may offer you a speedy loan process, always read the fine print. Visit Moneylender Review so you will know if you are dealing with a licensed moneylender.
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List of Money Lenders in West Coast
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