Licensed Money Lenders Changi

Changi

Changi is in the region of Tanah Merah. Changi is the largest planning area by land size in Singapore. 

Nowadays, it has become an aviation site where Changi Airport and Changi Air Base is situated. Changi prison also located in the district. 

The place is one of the districts in Singapore that offers a variety of amenities. 

Changi City Point is a shopping paradise for shopgoers. For food lovers, Changi Village Hawker Center is the best place for its comprehensive food options. 

There is also a wide array of shophouses nearby residential areas. They pose convenience to the residents. 

Changi also offers leisure spots for leisure seekers. People can go to resorts, nature facilities as well as sports centres. 

One of the well-known attractions in the city is the Changi Beach Massacre Monument. Others are the Changi Museum and chapel and Johore Battery.

There are also exhibition areas in the city. It is where major events like concerts, exhibits, and conferences are held. They are the Changi Exhibition Center and Singapore Expo. 

You can see also the known and trusted licensed moneylenders in Changi. If you are in a deficit situation, this will be of big help to you.

Why Get a Personal Loan from Licensed Moneylenders in Changi?

Most Changi residents choose to get a loan from licensed moneylenders due to following reasons:

Needs Cash on hand

Some expenses or purchases ask you to pay with your money on hand. But sometimes, you don’t have enough cash on hand, so some may resort to a personal loan. 

Expenses like a medical procedure are covered by insurance. But if you do not have insurance, using your own money might be a pain in your pocket. 

Other expenses like home renovation need a considerable amount of money. A renovation loan can aid your costs, preventing your wallet from draining too much. 

Lower Interest Rate

Many thought that it takes high interest if you borrow from licensed moneylenders. It’s a common misconception regards to the lending industry.

What they don’t know is moneylenders in Changi offer low-interest personal loans. But some licensed moneylenders offer a fixed rate on personal loans. 

As long as the lender complies with the Moneylenders Act, you don’t have to worry about it. It’s a law implemented by the Ministry of Law regulating the financial industry in Singapore. 

Unlike using credit cards, the interest rates could increase over time. It is exclusively designed for long term payments. That’s why the interest rate is conducive to borrowers’ capability to pay off their debt. 

Structured Payment Schedule

One of the best features of a personal loan is its payment terms. 

Credit cards base the payment on your current balance. You have repayments options with credit cards. As long as you can pay bills on time, there’s nothing to worry about. But bear in mind that the longer it takes, the higher the interest rate it accumulates. 

In contrast with a personal loan, your payments are equally distributed in a plan. Most moneylenders in Changi offer three repayment options: Weekly, Bi-Weekly, and Monthly. The choice is yours to make. That will only depend on what repayment plan suits your financial situation. 

If you’re unsure of your commitment, you can negotiate with a financial advisor. They can help you out. They know how to deal with clients professionally. And that’s a plus from them! 

They explain every detail of your loan. That includes how much goes to the interest rate and how much goes to the principal.