Licensed Moneylenders Bukit Gombak
Small Loans, Big Solutions

Short Term Loans
We offer the most flexible repayment terms you can meet with ease.

Short Term Loans
We offer the most flexible repayment terms you can meet with ease.

Short Term Loans
We offer the most flexible repayment terms you can meet with ease.
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)
Bukit Gombak
One of the subzones of Bukit Batok is Bukit Gombak. It is a hilly neighbourhood located in the west-central area of Singapore. The two hills consist of the district where the mountains stand at 113 meters and 133 meters. With such height, it makes it the second-highest natural point after Bukit Timah Hill.
Aside from the hilly structure, Bukit Gombak is known for other factors. It is the area around the elevated MRT train station. It houses Singapore’s Ministry of Defense headquarters, Bukit Gombak Stadium and Sports Hall.
Aside from that, the place has many Licensed Moneylenders offering financial assistance to the residents.
Licensed Moneylenders in Bukit Gombak explain the care for your Credit Score
What is a credit score? Would it affect my financial status?
These questions might pop-up into your mind.
Here’s what the Licensed Moneylenders in Bukit Gombak do about the credit scores.
A credit score is what banks and other financial entities use to evaluate borrowers. It shows how risky the borrower is. The lower score you have, the lowest chance to get a loan payback. But if you have a high credit score, there’s a high chance of getting an approval.
Your ability to get a loan and the loan size is dependent on your credit score. In other countries, the interest rate of the loan is affected by your credit score. A high-risk borrower has a higher interest rate charged.
Luckily, it doesn’t generally happen in Singapore, especially if you consider applying at licensed moneylenders in Bukit Gombak.
So if you have bad credit, you either get denied or take a smaller loan amount.
Keep in mind these important reminders. And for sure, you can take home that quick loan cash.

Licensed Moneylenders Bukit Gombak
What damages the credit score in Bukit Gombak?
Singaporeans knew the importance of their credit score. It affects their loan application drastically. That’s why credit score management is vital for every individual.
Do you plan to take out a personal loan?
You can build a healthy credit score with Licensed Moneylenders in Bukit Gombak. But beware of the following:
Delayed repayment
Personal loan repayments have fixed repayments. Compared to credit cards and lines of credits, they require a minimum refund before the billing cycles end.
Once you forget your payment, you’ll be tag as a delinquent borrower, and you’ll incur late fees. The worst part is it will drag down your credit rating.
But don’t worry. Repaying your instant loan is manageable. You can make timely repayments by marking your calendars or set a reminder through your mobile phones. It will help you remind you of when you should pay your repayments.
Repaying your loans on-time will increase your credit score. So, within a year, you can recover your degrading credit score. Talk to your lender. Indeed, they will advise and guide you on the right path.
Poor Credit history
Are you a reliable loan payer? If yes, you’re on your way to creating a good credit score. Greater chance of loan approval awaits you. Also, a higher loan amount is possible for your next loan application.
However, a low credit score is a very crucial financial condition. You have a little chance of online loan approval. Or you may get approved but with a limited loan amount.
If you have plans of buying a condo, a low credit score will allow you 60% off the value. While having an excellent credit score may give you up to 80%.
Big difference, right?
Multiple loans in short intervals
Did you apply for a car loan two months ago? Have you finished paying off your payday loan last month? Are you planning to apply for a personal loan today?
Please be aware that having multiple loans in short intervals can drag down your credit score. Banks can interpret this as the worst turn of events. With this kind of financial behaviour, loan approval is unlikely to happen.
Try to avoid this one. It’s better to estimate how much money you need for a particular time. Getting a one-time big loan application is better than three consecutive loans in a month.
Explain your financial situation with your lending company. They’re the best guide you can get. Also, they will help you decide how much you need.
Multiple credit card applications
Take note that credit cards and loans are different. But credit card applications will also reflect into your credit score. Regardless if you finished the application process or not.
Your credit rating drops if you have plenty of credit card inquiries in a short period. Banks recognise you as credit hungry. And it is not a very good impression.
Loan applications can help you regain your score. Apply for short-term loans and pay it off as scheduled. Before you know it, your credit score is back on its track.
Do not neglect your credit score. It is essential in your financial life. It can affect your loan application in the future. Avoid the habits that damage your credit score. Your licensed moneylenders in Bukit Gombak will assist you with a brighter credit score.
Naturally, we do our best to build the healthiest score possible. There are ways to make it right. But there are habits we need to stop. Take note of the things discussed and avoid all these tendencies. Always pay on time with your licensed moneylenders in Bukit Gombak.

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