Licensed Money Lenders Anson Road
Small Loans, Big Solutions
Short Term Loans
We offer the most flexible repayment terms you can meet with ease.
Money on Demand
Get your cash in less than 30 minutes after you signed your loan contract with us.
From our online loan calculator to loan contract - we ensure no hidden charges!
Eligibility and Documents Needed
Loan applicant must be aged 21 years and above
Singapore Citizen or Permanent Resident
Eligibility and Documents Needed
For Self Employed
For Taxi Drivers
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?
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.
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.
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.
Identifying Licensed Moneylenders 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 on how to determine whether you’re dealing with a licensed moneylender or not.
It’s normal for lenders to be persuasive. But they should not threaten or speak with borrowers using abusive language. If they do, leave them because Licensed moneylenders in Anson Road are professionals. They respect and understand borrowers’ concerns in terms of repaying their loans.
Financial or credit agents from licensed moneylenders answer all queries in a friendly and professional manner.
Legal moneylenders have less stringent requirements. All you need to do is to present your NRIC Card. You can submit other things like a copy of your personal identification cards. That includes your driver’s license, passport, work permit, employment pass or ATM Card.
Bear in mind that you should always take hold of your documents.
In contrast to the loan sharks or unlicensed moneylenders, they keep your documents. They persuade borrowers to give their documents to them during the loan process. Don’t listen or believe them. These acts are against the Moneylenders Act provided by the government.
In case you happened to encounter loan sharks, you may report them immediately to the authority.
Note of Contract
The Note of Contract is a vital document in your loan process. You must read and understand it clearly before you sign it.
Licensed moneylenders in Anson Road explain every part of your contract. Written in the Note of Contract is the loan agreement. It has no alteration about charges. Besides, legit lending companies like Cash Mart give you a copy signed by both parties.
Unlike loan sharks forcing borrowers to sign an incomplete contract or, worse, a blank paper. Never oblige. This practice is punishable by the law. Call the authorities immediately.
Like any other procedure, your loan application must undergo due process.
First, you apply through the licensed moneylenders’ official website and wait for an approval confirmation. They confirm it through a phone call or email.
Afterwards, you will stop by the moneylender’s office to submit all your requirements. Listen and understand all the loan rules and regulations you have applied.
Receive your quick cash either by the cashier or through your bank account. Make your repayment as expected from you.
If your find that the lender skips any part of this process, you’re in trouble. Better familiarize the loan process of reputable and licensed moneylenders.
Your promotion is your long-time dream. There’s nothing wrong with celebrating it. Reward yourself and treat your family and friends from your loan’s instant cash.
If you have what it takes to get approved, grab it. Remember, deal only with licensed moneylenders you will find in Anson Road.