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)

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.

No Collateral

There are types of loan you can get. It could either be a secured loan or an unsecured loan. Loans that require collateral are called secured loans. In contrary to the latter one, unsecured loans don’t need collateral.

Most secured loans are mortgage or home loans and car loans. But if you borrow only for short-term expenses, personal loans from moneylenders is your one best option. 

However, beware of pretentious lenders. They use an instant cash loan approval scheme as their bait, and at the same time, requiring you to show collateral. These lenders, known as loan sharks, always do business opposing the law. 

Get a loan from a licensed moneylender near you and prepare for whatever requirements they ask from you. Be sure to be eligible so you can take up a loan. You can search their eligibility requirement through the lender’s official website

Fast Availability

The advantage of getting loans from moneylenders is that they can disburse loans as fast as 24 hours. As long as you meet all the requirements needed, you can get your loan proceeds smoothly and quickly. 

Take note that the approval of your loan will depend on your requirement’s authenticity. Also, your credit history plays a significant role. If you have good records and submitted undistorted documents, you’ll get a high chance of getting approved. 

Tips in Getting your Loan from a Licensed Moneylender in Changi

If you are having difficulties getting a loan, here are some tips that you can follow: 

Know your credit score

Most moneylenders approve your application based on the least credit score. It will be easier for you to find a loan that will qualify you if you know your credit score. 

Research for Moneylenders

Research for all possible moneylenders that are near you. Find those that offer the best rates and terms according to your needs. 

Compare the moneylenders by weighing each for the benefits it could give to you. 

Eligibility Criteria

Before applying for your loan, you should know your limitations. Also, learn about the lenders’ criteria. 

Your approval would be easy if you have good eligibility. Your application needs a hard credit pull. 

If your credit score did not qualify, there’s a high chance that your application will be rejected.

Remember, negative impacts like rejections can affect your credit score. It will harm your credibility as well.

Shortest Term

Many borrowers choose the longer term because of the lower monthly repayment amount. Not knowing that the more extended period they pay, the higher interest incurs over time. 

But if you take shorter terms, you pay monthly repayments with low-interest rates. There’s a proper time when you should take a long term and short term. Before taking up loans, consult with a professional lending officer to guide you in making a decision. 

But if you’re sure of how much you should borrow at a particular time, choose short-term loans like payday loans.

Related Article: What to Eat in Changi: Ultimate Food Guide​

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