Bukit Merah is the home of more than 150,000 residents in Singapore. Their means of transportation is through Mass Rapid Transportation and Bus.
They can visit Buddhist Temples, Churches, and Chinese Temples. Relax and have fun at Shopping Centres, Parks, and Community Centres.
Most importantly, get financial advice from the Licensed Moneylenders in Bukit Merah.
Why Choose Licensed Moneylenders in Bukit Merah
Borrowing money is part of the financial life of Singaporeans.
A loan application doesn’t mean financial struggle. It means you are ready to manage your finances and expenses wisely. Especially when you choose licensed moneylenders in Bukit Merah.
Why choose them rather than banks and other lending companies?
Flexible Payment Terms
Payment terms with the licensed moneylenders in Bukit Merah are very flexible.
You can either pay it through the cashier or online.
If you prefer the conventional way, drop by the moneylender’s office. Hand in your hard-earned cash for your due repayment.
This is advisable if their office is near your house or workplace. Or is you prefer face-to-face payment.
Also, you can take home the official receipt with you.
Online payment is a very convenient way. No need to line up for your payment. All you need is your phone and internet access.
Make sure you have sufficient balance in your account. Then, you can proceed with your online payment.
As of now, PayNow is the most accessible online payment partner.
Important reminder: Licensed moneylenders in Bukit Merah do not accept postdated checks. The Ministry of Law strictly implements that a cash basis or online payment is only accepted.
Unsecured Personal Loan
Licensed moneylenders in Bukit Merah is popular for its unsecured personal loan.
Wanna know why? Because unsecured loans do not need collateral.
Yes! Your priced possession will not be at risk. Just make sure you have a decent credit score to get approved.
Money lending companies base their loan decision on your credit score. A good score means you’re a low-risk borrower. You can take out a loan without collateral needed.
Even though you have a low credit score, a loan can be granted. But it will be on a smaller loan amount.
Quick Cash Disbursement
The online system of the licensed moneylenders in Bukit Merah is very effective.
It allows you to take the same-day process.
What does this mean? You can start and complete the personal loan process within the day.
Apply for your loan online. Get the instructions and follow them immediately. Visit the lending company’s office with your completed documents. Be approved. Claim your quick cash by the cashier.
It’s that easy. Say goodbye to long queue lines. Take a loan with the licensed moneylenders in Bukit Merah.
Offers Loans to Expats
The best thing about licensed moneylenders in Bukit Merah is their loans for Expats.
Working in Singapore needs adjustment. This includes your physical, emotional and financial aspects.
You’re one lucky ex-pat. Lending institutions give out a loan for foreigners. The Ministry of Law allows licensed moneylenders in Singapore.
Apply for a foreigner loan online. Present the completed requirements. Get your loan cash in an instant. Make sure you pay it off on time.
Finance has never been this manageable. All thanks to the licensed moneylenders in Bukit Merah. If you need extra cash for travel or studies, visit a legit lending website and apply.
Licensed Moneylender in Bukit Merah
How to Spot Loan Sharks from Licensed Moneylenders in Bukit Merah
The society has accepted the importance of money lending. Because of this, lending companies are now everywhere.
However, not all financial institutions are legal. Licensed Moneylenders abide by the law. It is your responsibility to distinguish a licensed moneylender from a loan shark.
You can easily differentiate the two based on this.
Payment of Processing Fee
According to the Registry of Ministry, for any loan a processing fee is mandatory.
Licensed moneylenders in Bukit Merah are permitted for a processing fee of up to 10% of the principal loan. Pay it off either on installment or loan amount deduction. This depends on your preference.
Loan sharks, on the other hand, ask for an upfront fee. They will not process your loan unless you pay the processing fee first. Also, they exceed the maximum processing fee.
A personal loan application is a due process. A certain procedure and requirement must be followed.
Licensed moneylenders in Bukit Merah asks you to submit a copy of your IDs. You can give a photocopy of your passport, NRIC Card, or personal ID. Stop by their legal physical office once you have completed the requirements.
Contrary to this are loan sharks. Typically, they persuade you that a single document is all that you need to prepare. They will also ask you to send it through fax. This is a big no-no! The law prohibits this kind of submission.
Copy of Note of Contract
The Note of Contract is the most important document in your payday loan process.
Licensed moneylenders in Bukit Merah know this. Sign it only with full comprehension. A duly notarized copy is given to you as a borrower.
Meanwhile, loan sharks ask you to sign incomplete contracts. Sometimes, it contains vague statements. Do not sign it whatever happens. If ever they give out a completed contract, don’t expect for your copy. They usually don’t provide for you.
Applying for a short-term loan is safer when you visit the legal lending office. Licensed moneylenders in Bukit Merah are one of them. Try out their quick cash disbursement now to fix your financial trouble.