Licensed Money Lenders Anson Road

Lies within the Downtown Core district of Singapore is the Anson Road. Its name came from either Major-General Sir Archibald Anson or Commodore George Anson. 

This place offers many attraction sites to tourists and residents. Some of these attractions are the Red Dot Museum Shop which has award-winning design products, and GIOIA.

Other places you can go to our Fine Jewelry, PP Fashion Trading, and District Concepto Private Ltd. 

Another great thing is, lots of financial entities are in Anson Road. You don’t have to worry in case you need financial help. All you need to do is search for a Licensed Moneylender in Anson Road. 

Here are some facts you need to know more about getting an instant loan from a licensed moneylender in Anson Road.  

Qualifying Criteria for Personal Loans in Anson Road

Got promoted recently in your job? That’s one great success you have to celebrate with your family. But what if you don’t have extra money and your paycheck is not around the corner yet? 

Don’t stop yourself from celebrating. Cash Mart has the best personal loan in Singapore. 

Make sure you meet the qualifications first before you apply for a loan. 

Age & Citizenship

First, check the list of eligibility requirements. 

Licensed moneylenders in Anson Road start the loan process for borrowers aged 21 to 65. 

Young individuals aged 21 years old don’t have a satisfactory credit history yet. Because at this stage, they started their job and earned a salary. Also, they haven’t proven their sense of financial responsibility. 

Unlike banks, licensed moneylenders in Anson Road give out a loan for anyone. You are eligible to take a loan if you are Singaporean Citizens, Permanent Residents, or foreigners residing in Singapore. 

Debt & Income

Licensed moneylenders in Anson Road are strict in terms of the borrowers’ current financial status. You won’t dare to give them false information. Because if you did, they’d know it. Licensed moneylenders and other financial entities have highly-trained financial advisors and credit agents. 

If you take a personal loan from a licensed moneylender, you should prove that you can repay your debt. This way, your loan application will get a chance of approval. All you have to do is show them your source of income. 

If you fail to do so, lenders will reject your application. So whether you started with your work or got promoted, you can still apply for the best personal loan.

Credit Score

The credit score reflects everybody’s financial transactions. It tells how you manage your finances. If you think you have a negative credit score, you still have a chance to increase it by paying all your debts timely.

Regardless of how much you earn and your position in your work, your credit score still determines if you’re a reliable borrower or not. 

Credit Scores play a significant role. Lending institutions use it to verify the borrower’s repayment behaviour. It allows them to know whether the borrower is a high or low-risk one. 

How will they know your credit score? That is through your credit report. It has detailed information about your finances gathered by the Credit Bureau. 

Credit Bureau is an authorised agency gathering financial data of individuals. They share data but only limited to licensed financial entities. 

If your credit score results in a low or negative score, it means you’re an irresponsible borrower. It would likely result in a decline. 

But if you have a high credit score, the institution might offer you more privileges. 

Employment Duration

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 from licensed moneylenders in Singapore. 

But note that they only cater to salaried employees. They must be working for at least three to four months in a current company. This way, licensed moneylenders in Anson Road can ensure the applicant wouldn’t run away. Also, it shows that you have a salary to repay the loan amount. 

You can assess yourself. Ask this question: Do I have what it takes to get approved? If yes, don’t hesitate to visit your chosen licensed moneylenders’ official website on Anson Road.