The Woodlands is near the Singapore-Malaysian borderline. However, it’s the opposite of what you’d expect in borderlines. With its peaceful vibe, you can expect some Singapore-Malaysian cultural fusion when it comes to food and shops. Alternatively, you can go kayaking and camping at Water Venture, head to the Sembawang Hot Springs for a relaxing time, and dine in the countless Woodlands Sing-Malay fusion cuisine restaurants.
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
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
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
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
Just make sure you don’t run out of cash as you enjoy your weekend and monthly getaway. You can always count on licensed moneylenders to help you with all your financing needs.
Is It Difficult To Get a Fast Cash Loan?
Licensed moneylenders have less stringent and problematic rules, making them much more accessible for borrowers. You can apply for a fast cash loan by heading to your chosen licensed moneylender’s website or physical branch, submit all your requirements, and receive your loan amount on the same day you submitted and proved your loan eligibility.
Loan Sharks: Best Ways to Watch Out For Unscrupulous Lenders
Singapore’s micro-lending market was once under the influence of criminal organizations with loan shark fronts. Thankfully, the Moneylenders Act of 2008 had the Ministry of Law create the Registry of Moneylenders. The Registry’s role guarantees all licensed moneylenders in its roster follow its rules and regulations, ensuring fairness between borrowers and lenders.
Required Documentation You’ll Need With Most Licensed Moneylenders
Here are all the documents you’ll need to apply for a loan with licensed moneylenders successfully. You might be surprised by the simple requirements and loan contract they have. Ensure that the licensed moneylender representative explains your loan terms and conditions completely and with your full understanding.
- Identity card / NRIC
- Proof of residence (can be a utility bill, a letter addressed to you, and/or tenancy agreement)
- Proof of employment (usually your certificate of employment or 3 months recent payslip)
When Do You Need To Have Loan Application Collateral?
With most moneylenders, you won’t need to have collateral. However, if you need an enormous fast cash loan, a collateral gives lenders a guarantee that they can collect your equity in case you default.
Why Use Licensed Moneylenders For Fast Cash Loans?
Truthfully, you have a great number of advantages aside from a like-for-like personal loan amount of six months salary from licensed moneylenders. Here are three of them below.
No Credit Scores Needed
Banks are stringent with their credit score requirements. On the other hand, licensed moneylenders have minor qualms about credit scores. Your loan application success depends on your income and job stability.
Quick Cash Release
Once you submit all your loan requirements, you can get your amount quickly. You won’t need to wait for weeks or months to get your money.
Fully Regulated and Licensed Service
If you have any complaints or troubles with a licensed moneylender, the Registry of Moneylenders will handle your case. You can be sure the lender will face repercussions due to the strict Registry regulatory guidelines.
Compare The Best Loan Offers Using Moneylender Review
List of Money Lenders in Woodlands
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