Small Loans, Big Solutions

Access extra cash when you need it the most from your online lending partner.

Short Term Loans

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)

Bishan

Bishan is also known as the “Bishan New Town” or “Bishan Town”. It is a developed residential town in the northern part of the Central Region of Singapore.

Bishan houses the three most prestigious educational institutions in Singapore. They are the Catholic High School, Raffles Girls’ School, and Raffles Institution. 

There are also sporting facilities in Bishan, which is the Sports Center. There’s a sports hall, stadium, dance studio, and swimming complex. Held in here are the major international sporting events.

A significant expressway connects Bishan to other cities in Singapore. It has MRT stations and bus stations. 

There are seven (7) major shopping centres in Bishan. Junction 8 Shopping Center is in the Bishan Central. Bishan North Shopping Mall features a wet market. 

Thomson V One and Two, Thomson Imperial Court, and Sin Ming Plaza is a residential complex. They have retail outlets in the basement and on the ground floor. 

Other shopping malls in the city are the Thomson Plaza and Midview City. 

Bishan – Ang Mo Kio Park is between Bishan and Ang Mo Kio. It is the best place for nature lovers. 

The town of Bishan is still progressing well. The licensed moneylenders also support residents and locals in Bishan. 

Ways to Spot Loan Sharks in Bishan, Singapore 

There are various licensed moneylenders in Bishan that are ready to help borrowers. Due to the city’s progress, along came loan sharks. 

Loan sharks are the opposite of licensed moneylenders in Bishan. They are illegal moneylenders that lure borrowers to get a loan from them. They usually target low-income borrowers who are desperate to get a loan. 

But you should not worry about them because there are some factors to recognise them.

No Contract

Licensed moneylenders in Bishan let you sign a contract as an agreement that both of you have sealed a deal. 

But that is not the case for loan sharks. They usually do their business without offering a contract for you to sign. 

Other loan sharks may ask you to sign a contract, but be careful. Their terms are illegitimate and unfavourable.

Offers a Large Amount of Loan

Licensed moneylenders in Bishan offer an instant cash loan based on your source of income. That means you cannot have a high amount of loan if your income isn’t enough to cover repayments. 

For loan sharks, they will offer you a large amount of loan, which is enticing. They won’t even consider your source of income as a basis for the amount of your loan. 

Excessive Interest Rates

Interest rates are ways for licensed moneylenders to earn. Licensed moneylenders in Bishan follow the standard for interest rates stated in the Moneylenders Act

The government well regulates the lending industry in Singapore, including the interest rates. They offer low-interest personal loans, unlike loan sharks.

Illegal lenders who do not follow the policy about interest rates may have their licenses revoked.

Loan sharks have a high interest rate. Some of them may even require you to pay hidden charges that they have not discussed with you.  

No Physical Office

Aside from a legit and safe online loan platform, all licensed moneylenders in Bishan have an existing physical office. You can search their exact location. 

Try visiting the Ministry of Law’s website and look for the list of licensed moneylenders in Singapore. The list contains the office’s address and official webpage. 

Meanwhile, loan sharks do not have their physical office. They do not have a license issued by the government of Singapore. They won’t even ask for requirements from you. 

Most times, loan sharks do transactions through email and SMS.

Ways to Deal with Loan Sharks in Bishan, Singapore

As much as possible, try to avoid dealing with illegal moneylenders. But if you encounter loan sharks in Bishan, here are ways you could do to deal with them. 

Report to Authorities

Dealing with loan sharks is illegal. So if you locate them, you have to report them to the authorities right away. This way, you’ll prevent them from luring desperate borrowers.

Explain everything to the authority. You can also give the records to the police about your transaction if you have one. It will help ease their investigation. 

Avoid Loan Sharks 

If you spot a loan shark and have not made transactions with them yet, stay away from them. Never trust them. 

Avoid them even if you are desperate in getting a loan. Do not be caught up by the fraud lender’s strategies. They may give you reasonable offers, but they will use that to get you into their trap. 

Keep your calm

Once you know that you are dealing with illegal moneylenders, keep your calm. Do not let them know that you have a clue about their schedule. 

Do not act or think of confronting them. You might get into an unfavourable situation. Just report the illegal doers to the authority. 

Do not waver to pressures and threats.

Once you have reported your situation to the authority, you can stop paying them. Loan sharks are not licensed to lend money to you and receive repayments from you. 

They might pressure you into paying your debt. Some loan sharks may even tell you that they’ll report you to the police. But if you know your rights, they cannot threaten you.

It might be challenging to deal with loan sharks when you already made transactions with them. So before you negotiate with any moneylenders in Bishan, research about them. 

Do a background check about your prospective moneylenders. To know if they are licensed, you can check them from the Moneylenders Registry in Singapore. Also, try to make sure that their license is valid.

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