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)

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 industry of lending leads in the place. Many Licensed Moneylenders are offering online loan services to the residents. Thus, it helps educate the residents on how to take care of their credit scores. 

Licensed Moneylenders in Bukit Gombak: Why Credit Score matters?  

“What is a credit score? How would it affect my financial status?” These are the common questions that might pop up in 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. 

Contrary to that, if you have a high credit score, there’s a high chance of getting approval. 

Your ability to get a loan and the loan size depend on your credit score. In other countries, the interest rate of the loan is affected by your credit score. High-risk borrowers get a higher interest rate than those with low-risk borrowers.  

Luckily, it doesn’t generally happen in Singapore, especially if you consider applying to registered moneylenders in Bukit Gombak. 

If you have a bad credit history, you either get declined or take a lesser loan amount.

Keep in mind these important reminders. And for sure, you can take home that instant cash loan.

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 low-interest 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. 

It’s the same story with Bukit Gombak lending companies. 

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. 

Paying off your loans on time will increase your credit score. So, within a year, you can recover your degrading credit score. 

Talk to your lender. 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. A 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 slight 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

Let’s say you applied for a payday loan last month. After a month, you took another loan, a business loan, even though you haven’t paid your previous loan yet. 

Getting multiple loans in short intervals is actually not a good idea. Banks and other lending companies can interpret this as the worst turn of events. And loan approval is unlikely to happen. Thus, this kind of borrowing behaviour can drag down your credit score.

Try to avoid this one. What you should do is estimate first how much money you need for a particular time. 

Getting a one-time extensive loan application is better than three consecutive loans in a month. If you’re unsure how much money you need, you can seek help from the loan executives of the lender. 

Tell them what you need and explain your financial situation. The loan executives of Bukit Gombak money lenders are the best guide you can get.

Multiple credit card applications

Take note that credit cards and loans are different. But credit card applications will also reflect 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 them off as scheduled. Before you know it, your credit score is back on its track. 

There are various types of personal loans you can borrow from moneylenders. Some of these are the renovation loan, wedding loan, and jewellery loan. Choose depending on what you need. 

Always remind yourself not to 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.

Related Article: What to Eat in Bukit Gombak: Traditional Food

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