Licensed Money Lenders Dhoby Ghaut
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.

Trusted Transparency
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

In employment
Eligibility and Documents Needed
- Identification Card (NRIC)
- Singpass Login
- Proof of billing ( Any latest bill indicating residential address)
- Latest 3 month original payslip (Only applicable if there is no cpf contribution)
- Letter of employment (Only applicable for new employment)
For Self Employed
- Identification Card (NRIC)
- Singpass Login
- Notice of assessment (NOA indicating trade income)
- ACRA (Accounting/Corporate Regulatory Authority)
- Proof of billing ( Any latest bill indicating residential address
For Taxi Drivers
- Identification Card (NRIC)
- Vocational license
- Taxi pass
- Min 7 days job summary
- Proof of billing ( Any latest bill indicating residential address)
Dhoby Ghaut
Decades ago, Dhoby Ghaut was once a riverbank, yet became a known tourist place in Singapore. It’s where Indians usually do their laundry way back then. The stunning place of Dhoby Ghaut lies within the central area of Singapore, bordered by the North-South Line (Red Line), North-East Line (Purple Line), and the Circle Line (Yellow Line).
Grown into a well-developed place in Singapore, it is now well-developed and transformed into one of the interesting places you should visit in the county. Tourists and residents can easily drop by in Dhoby Ghaut anytime through MRT.
Along the way, Dhoby Ghaut is still developing, now housing several industries. What makes it more interesting is the presence of various lending facilities.
One of the best Licensed Moneylenders in Singapore is in Dhoby Ghaut. A wide variety of loan products and services catch the attention of aspiring borrowers.
And what’s best is they support the credit score improvement of every borrower.
Improving Credit Score with the help of Licensed Moneylenders in Dhoby Ghaut
Why is credit score significant? What benefit does a credit score gives?
The credit score is the basis for all money lending companies to know if a certain person can still pay loans. It defines the financial capability of a person. If they have a low credit score, it means they are high-risk borrowers.
Money lending facilities like banks will probably hesitate to lend money to those who have low credit scores. But with money lenders, still welcome and approve those with low credit scores. They teach and assist borrowers in managing finances help improve their credit score.
Here are some ways to enhance your credit score.
Open Single Credit Account
Some people open multiple credit accounts. What they didn’t realize is by doing this, they’ll probably encounter problems in facing financial obligations. Unlike getting a single credit account, it can help upgrade your score in no time.
One Loan Application at a time
Getting multiple loan applications within a short-term period is not a healthy way to do. It would rather drag down your credit score.
Let’s say you need an instant cash loan and applied from a licensed moneylender. But you found out that the loan amount wasn’t enough, so you applied for another loan. The same situation happened, and you took a loan for the third time, which leaves you three loans in a month.
With this kind of situation, you would get financially exhausted in settling all three loans. You will find a hard time paying it on time and will result in delayed payments.
What is the best thing to do?
The best advice to all borrowers is to check how much money they needed at a certain time. In this way, borrowers will take a single loan and not worry about how many loans they pay. If you plan to take another personal loan, focus on settling the existing loan first.
Early Repayment
How to earn a good credit score?
The only secret to earning a good credit score is paying loans on time or paying earlier than the due date.
Licensed money lenders in Dhoby Ghaut let you pay your loan ahead of time without a pre-termination charge. Do this, and you’ll surely recover your failing credit score.
Also, paying on time proves how responsible a payer you are. The Credit Bureau will recognize your financial capability in managing your debts. The more your credit score improves, the faster your loan will get approved.
Moreover, you can probably get a higher loan amount. Don’t delay your payment, especially if the lender permits early termination. If late repayment is unavoidable, call your trusted lender immediately. Surely, they have an alternative mode of repayment to offer.
Avoid Loan Default
Unsecured personal loans have no collateral. Even if it’s a renovation loan, a business loan, or any short-term online loan, you should bear in mind to pay it on time.
But once you fail to pay your debt in time, the lending company will tag you like a loan default. And it will take a negative effect on your score. Basically, the result of ups and downs on your score reflects in a credit report.
So, if you’re planning to buy a house in the future, do not default. A loan default can ruin your chance of getting a home loan.
What can you do?
Talk to your chosen reputable lender about your problem. If you are unsure about settling your loan, contact them immediately.
Licensed moneylenders in Dhoby Ghaut prioritize helping their borrowers financially. They are not selfish. They gain Singaporeans trust as they build a better credit score together.

Licensed Money Lenders Dhoby Ghaut
Things You Should Do After Getting a Loan From Licensed Moneylenders
Your loan approval is not the end of the loan process. It continues until you pay off the total amount. Here is a quick guide in accomplishing your whole loan procedure:
Check the correct principal loan amount.
Make sure that you received the correct principal amount of the loan. Licensed money lenders in Dhoby Ghaut are permitted for an upfront deduction based on your preference. Take note that the loan approval fee is up to 10% of the principal loan amount.
On-time instalment payment
Always pay the loan instalments on time. This avoids incurring late payment fees and late interest.
Remember, you took a payday loan to fix the financial problem. Don’t create another debt by missing a payment.
Keep official receipt
Licensed moneylenders issue an official receipt. It’s their responsibility to provide one every time a borrower make a loan payment.
Make it a habit to check if it contains your name, amount paid, and payment date correctly.
Check statement of accounts.
Every January and July, a statement of account for all your loans is produced. Make sure to receive your copy.
Review the documents if it contains the correct name, amount and date. If you fail to receive a copy, contact the authorities immediately.
Do Documentation
You must keep with the utmost care every document you receive, like the Note of Contract and receipt of payments. All these documents will serve as your documentation and evidence of payments. You will never know; you might need it in the future.
Don’t worry. Licensed moneylenders in Dhoby Ghaut always provide all these important documents to their borrowers. Your credit score affects your financial life in so many ways.
It is important to learn how to control it and keep it healthy by minimizing your debts. And always remember to prioritize things and settle, which is to be settled first.
Licensed moneylenders in Dhoby Ghaut are professional lending institutions. They don’t only provide financial assistance but also guides every borrower to manage their finances wisely.
What are you waiting for? Create a high credit score with the licensed moneylenders in Dhoby Ghaut.
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