Moneylenders in Singapore provide loans to Singaporeans, Permanent Residents, and Foreigners with Employment Passes. They are private loan organizations that adhere to the guidelines set by the Ministry of Law. Licensed moneylenders do not charge as much as loan sharks.
Avoid unsolicited emails and texts that claim to offer you a personal loan. Licensed moneylenders do not advertise using these methods, as they are in violation of the rules.
118 Credit Pte Ltd
118 Credit is a licensed money lender in Singapore with 13 years of experience serving legal loans to individuals. They offer a wide range of personal loan packages based on your needs and have no fees or deposit requirements. To check if you are eligible for a loan, visit their website and submit your details.
When applying for a loan, be sure to read all the terms and conditions carefully. Ensure that the information you provide is correct, and remember to keep receipts of payments for your records. It is also important to pay back the loan on time to avoid late payment fees and extra interest charges.
118 118 Money is a licensed moneylender that offers loans at competitive rates. The company is regulated by the Ministry of Law and adheres to strict standards and policies. It does not engage in illegal activities such as intimidation or blackmail, and does not charge unreasonable interest rates.
1AP Capital Pte Ltd
A moneylender is a financial institution that can help you out of an emergency. They provide loans of different amounts and tenures. The best ones have excellent reputations and offer customer-oriented services. They also have low interest rates. However, you should make sure to compare charges and fees before choosing a licensed moneylender.
If you’re looking for a reliable licensed money lender in Singapore, look no further than Credit Thirty3. This company is dedicated to providing customers with the best personal loan experience possible. They have years of experience helping customers get the funds they need. They even have an online application process that’s quick and easy.
Lending Bee Pte Ltd (S/N : 92, Licence No : 67/2022) is a Singapore-based company that’s committed to making a difference in the way people access credit. They’re one of the few licensed moneylenders that offer high loan amounts and long loan tenures, and they’re also specialised in debt consolidation plans.
Accredit Moneylender
Accredited moneylenders follow the guidelines set by the Ministry of Law. This means that they can only charge interest on late fees and repayments at a maximum rate of four percent per month. The total amount charged for admin, interest rates and late fees should not exceed the principal loan amount.
It is also important to find a licensed money lender that specializes in your needs. Look for one that offers a variety of personal loans, with flexible tenures and low rates of interest. This way, you can get the funds you need to meet your financial obligations.
If you are looking for a reliable licensed moneylender, make sure to read online reviews before deciding on a particular company. If you see a lot of negative reviews, it may be time to find another licensed moneylender. It is also a good idea to compare the prices of various money lending institutions. You can do this by checking the official Registry of Moneylenders Singapore.
Cash Mart
Cash Mart is a licensed money lender Singapore that offers a wide range of loan services. Their personal loans, business loans, and cash loans for OFWs are available at competitive rates. They also offer financial tools like a loan calculator to help borrowers calculate interest rates.
Licensed moneylenders in Singapore are subject to strict government regulations. If they violate the law, their licenses may be revoked. The Ministry of Law provides a list of authorized moneylenders in the country, so make sure to check before applying for a loan. Moreover, legitimate money lenders will never request or solicit advance fees from you. If a lender does this, you should report them to the Ministry of Law. In addition, you should always read the terms and conditions of your loan carefully before signing an agreement. This will help you avoid any surprises in the future. Also, you should only borrow an amount that you can afford to repay.moneylender singapore
