Within the Downtown Core district of Singapore is the Anson Road.
It is named after either Major-General Sir Archibald Anson or Commodore George Anson.
There are many attraction sites near Anson Road. These are Red Dot Museum Shop, GIOIA Fine Jewellery, PP Fashion Trading, Distinct Concepto Private Limited and many more.
Aside from these are financial institutions like banks and licensed money lenders.
Qualifying Criteria for Personal Loans in Anson Road
Recently got promoted?
Do you want to treat families and friends but the next paycheck is not around the corner?
Don’t stop yourself from celebrating. Cash Mart has the best personal loan in Singapore.
Make sure you qualify first before you apply.
Age & Citizenship
First and foremost, check if the list of eligibility requirements.
Licensed money lenders in Anson Road start loan process for borrowers age 21 to 65 years old.
Good credit history is not reflected on people younger than 21 years old. Basically, they just started their job and earning a salary. Also, they haven’t proven their sense of financial responsibility.
Unlike banks, licensed money lenders in Anson Road gives out a loan for anyone. You are qualified whether you’re a Singapore Citizen, Permanent Resident or a foreigner residing in Singapore.
Debt & Income
Licensed money lenders in Anson Road are very particular with the borrowers’ current financial status.
Be honest during your interview, especially about having a current loan. Lending facilities have a way to track your financial activities.
Prove that you can repay responsibly so your new personal loan application gets approved.
In addition, you have to show your source of income. This is one way to prove that you can pay the loan amount on time.
If you fail to do so, lenders will reject your application instantly. So whether you just started with your work or got promoted, you can still apply for the best personal loan.
It is very important that you build a good credit score. Your credit score reflects how you handle the previous loan. Therefore, you must settle all your debts on time.
Regardless of how high your salary and position is, your credit score still determines if you’re a high or low-risk borrower.
To understand better, banks and money lenders check your credit score through the Credit Bureau. They can see clearly how you manage your previous and current loans.
If they found out that you are an irresponsible borrower and payer, your loan application will be denied.
Have a high credit score by repaying responsibly.
Are you new in town? Got a new job but still haven’t settled? Do you plan to take a personal loan?
If your answer is yes, you can apply for the best personal loan in Singapore.
However, you must be employed for at least three to four months in your current company. This ensures licensed money lenders in Anson Road that you wouldn’t run away. Also, it shows that you have a salary to repay the loan amount.
Assess yourself. Do I have what it takes to get approved? If yes, don’t hesitate to visit the official website of your chosen licensed money lenders in Anson Road.
Licensed Moneylender in Anson Road
Identifying Licensed Money Lenders in Anson Road
Congratulations! You are qualified!
Before you jump around lenders, know how to identify if they are legit or not.
Here’s a quick guide in distinguishing if you’re dealing with a licensed money lender or a loan shark.
It’s normal for lenders to be persuasive. But they shouldn’t approach you in a threatening manner nor talk to you in an abusive language. If they do, leave them.
Licensed money lenders in Anson Road and respectful and understanding towards their borrowers. They answer all your queries in a friendly and professional manner.
Legal money lenders have less stringent requirements.
Basically, you have to present your NRIC Card or any personal identification card. It can be your driver’s licensed, passport, work permit, employment pass or ATM Card.
Bear in mind that you should always take hold of your documents.
On the other hand, unlicensed money lenders retain these documents. They will persuade you to give it to them during the loan process. Never believe them. You may report them immediately to the authority.
Note of Contract
The Note of Contract is a very important document in your personal loan process.
Before you sign it, you must have read and understood it clearly. Licensed money lenders in Anson Road explain every part of your contract. All the verbal agreement is written in it and no alteration when it comes to fees and charges.
In addition, legit lending companies like Cash Mart give you a copy that is duly signed by both parties.
Contrary to that is the doing of loan sharks. They will force you to sign an incomplete contract or worse, a blank paper. Never ever oblige. This practice is punishable by the law. Call the authorities immediately.
Like any other procedure, your personal loan application must undergo a due process.
You apply by visiting the official webpage. Then, you wait for an approval confirmation through a phone call or email.
Afterwards, you will stop by the money lender’s office to submit all your requirements. Listen and understand all the rules and regulations of the loan you have applied.
Receive your quick cash either by the cashier or through your bank account. Do your repayment as expected from you.
If your lender skips any part of this process, your finances are in great trouble. Be reminded about how the loan process works with reputable and licensed money lenders.
Your promotion is your long-time dream. There’s nothing wrong to celebrate it. Reward yourself and treat your family and friends from the instant cash of your personal loan.
If you have what it takes to get approved, grab it. Just always remember to deal with licensed moneylenders in Anson Road.