Cash Mart Pte Ltd is one of the very few licensed moneylenders in Singapore that strictly operates independently where clients information are kept fully confidential and not distributed. As a licensed personal loan moneylender in Singapore, we do not advertise nor solicit any advance fees for pre-approved loans through SMS, over the phone or emails. In case of any issues, contact us at 6397-4111 or info@cashmart.sg

Licensed Moneylenders Dhoby Ghaut

Your Privacy and Security, Protected

We take full measures to protect your identity.

Your Application is 100% confidential.

Small Loans, Big Solutions

Access extra cash when you need it the most from your online lending partner.

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
For Salaried and Commission-based Employees
  • 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)

Dhoby Ghaut

A place that was once a riverbank, is strategically located in the central area of Singapore. 

 

Dhoby Ghaut lies on the North-South Line (Red Line), North-East Line (Purple Line), and the Circle Line (Yellow Line).

 

Indians usually do their laundry on the riverbank before. As the years go by, it became a place where people find it an interesting place to visit. 

 

Grown into a well-developed place in Singapore, it is now one of the amazing spots to tour at. 

 

Tourists and residents can easily be dropped in Dhoby Ghaut anytime through MRT.

 

What makes it more interesting is the presence of various lending facilities.

 

One of the best Licensed Moneylenders in Singapore is in Dhoby Ghaut. A wide variety of loan products and services catch the attention of aspiring borrowers.

 

And what’s best is they support the credit score improvement of every borrower.

 

Improving Credit Score with the help of Licensed Moneylenders in Dhoby Ghaut

 

Why is credit score very important? What benefit does a credit score gives?

 

The credit score is the basis for all money lending companies to know if a certain person is still capable to pay loans. 

 

It simply defines the financial capability of a person. If they have a low credit score, it means they are high-risk borrowers.

 

Money lending facilities like banks will probably hesitate to lend money to those who have low credit scores.

 

On the other hand, licensed moneylenders in Dhoby Ghaut still approve loans for low credit scores. They’ll teach you how you can manage and improve your score. 

 

Below are some ways to enhance your score. 

 

Open Single Credit Account

Some people open multiple credit accounts. 

 

What people didn’t realize is by doing this practice, they will be put into a worse financial state.

Unlike having a single credit account, it can help you upgrade your score in no time. 

One Loan Application at a time

 

The disadvantage of having multiple loans application in a short-term period is it will drag down the credit score.

 

For example, you need instant cash and applied in a licensed moneylender.

 

However, the cash loan wasn’t enough and you applied for another loan. The same situation happened and you applied for the third time.

 

Three applications in just a month. With this, you as the borrower will be stressed paying those three loans. 

 

In most cases, people will find a hard time to pay it on time and will result in delayed payments.

 

What is the best thing to do?

 

Best advice to all borrowers that they must check first how much money they needed at a certain time. This way, borrowers will take a single loan and will not be worried about how many loans due to pay.

 

It is not good to take a small loan then you realize later that you need more than that. 

 

If you plan to take another personal loan, prioritize to settle the existing loan first. 

Early Repayment

How to earn a good credit score?

The best way to earn a good credit score is by paying loans on-time or pay earlier than the due date.

In Dhoby Ghaut, Licensed moneylenders let you pay your loan ahead of time without a pre-termination charge.

Do this and you’ll surely recover your failing credit score. 

Also, paying on-time simply proves how responsible payer you are. 

This way, the Credit Bureau will recognize your financial capability on managing your debts.

The more your credit score improves, the faster your loan will get approved.

Moreover, you can probably get a higher loan amount. Don’t delay your payment especially if the lender permits early termination. 

If late repayment is unavoidable, call your trusted lender immediately. Surely, they have an alternative mode of repayment to offer. 

Avoid Loan Default

Unsecured personal loans have no collateral. Therefore, if you fail to pay, the lending company will tag you like a loan default. 

This is not a good sign. It will take a negative effect on your score and it is shown in your credit report indefinitely. 

So, if you’re planning to buy a house in the future, do not default. A loan default can ruin your chance of getting a home loan. 

What can you do? 

Talk to your chosen reputable lender about your problem. If your not sure that you can finish financial responsibility, contact them immediately. 

Licensed moneylenders in Dhoby Ghaut prioritize in helping their borrowers financially. They are not selfish. They gain Singaporeans trust as they build a better credit score together.

Licensed Moneylender in Dhoby Ghaut

Must-Do after getting approved by the Licensed Moneylenders in Dhoby Ghaut

Your loan approval is not the end of the loan process. It continues until you pay off the total amount. 

A quick guide in accomplishing the whole loan procedure: 

Check the correct principal loan amount

Make sure that you received the correct principal amount of the loan 

 

Licensed moneylenders in Dhoby Ghaut are permitted for an upfront deduction based on your preference. 

 

Take note that the loan approval fee is up to 10% of the principal loan amount. 

On-time installment payment

Always pay the loan installments on time. This avoids incurring late payment fees and late interest. 

 

Remember, you took a payday loan to fix the financial problem. Don’t create another debt by missing a payment.

Keep official receipt

Licensed moneylenders in Dhoby Ghaut issue an official receipt responsibly. 

 

Every time you make a loan payment, a receipt must be provided.

Make it a habit to check if it contains your name, amount paid and date of payment correctly. 

Check statement of accounts

Every January and July, a statement of account for all your loans is produced. Make sure to receive your copy.

 

Review the document if it has the correct name, amount and date. 

 

If you fail to receive a copy, contact the authorities immediately. 

Do Documentation

Every document like the Note of Contract and receipt of payments must be kept with the utmost care. 

 

All these documents will serve as your documentation and evidence of payments.

 

You will never know, you might need it in the future.

 

Don’t worry. Licensed moneylenders in Dhoby Ghaut always provide all these important documents to their borrowers.

 

Your credit score affects your financial life in so many ways. It is important to learn how to control it and how to keep it healthy by minimizing your debts. 

 

Always remember, prioritize things and settle which is to be settled first.

 

Licensed moneylenders in Dhoby Ghaut are professional lending institutions. They don’t only provide financial assistance but also guides every borrower to manage their finances wisely. 

 

What are you waiting for? Create a high credit score with the licensed moneylenders in Dhoby Ghaut.

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