Licensed Money Lenders Kallang

Kallang

Kallang is a planning area and residential town. You can find it in the central part of Singapore. It has the Kallang River, which is the longest river in Singapore. 

Kallang is home to many landmarks like the old National Stadium and the Kallang Airport. Kallang a crucial part of Singapore’s aviation and sporting histories. 

Kallang’s other sporting spots are the Jalan Besar Stadium, Singapore Sports Hub, the new National Stadium, and Singapore Indoor Stadium. It’s where world-class events like concerts and performances of world-renown artists are held.

Unlike other towns, Kallang’s commercial activities are more on the Sports hub.

The Singapore Sports hub houses two famous shopping centres. It is home to the Leisure Park Kallang and Kallang Wave Mall. 

Leisure Park Kallang has a cinema, ice skating rink, and a bowling alley. Other shopping malls around the area are the City Square Mall, Mustafa Center, and Aperia Mall. 

Another thing, Light Industrial Estates, is also part of Kallang’s focus. It’s a shipbuilding industry because its location is nearby coastal areas. 

The financial industry is also part of the role. Licensed moneylenders are helping the residents with their finances.

Guide to Choosing the Best Licensed Moneylenders in Kallang

Are you experiencing some financial trouble? Do not panic! There are ways to find the financial help that you need. 

The best option for borrowers like you is to seek help from licensed moneylenders in Kallang. 

In choosing licensed moneylenders, consider first these guidelines. Understand and find the best-licensed moneylender for you.

Search and Read Reviews About Licensed Moneylenders in Kallang

Some people are desperate for financial help. Worse is they get into the trap of fraud lenders.

Some of them are stuck with paying for unfair interest rates or hidden payments. 

Sad to say, many are still victims of those too-good-to-be-true ads of moneylenders. You shouldn’t base your standards on their ads.

You can do a background check on their sites and look for reviews and feedbacks. Lots of people nowadays are very vocal towards the business’ services and products. People are posting their insights and testimonials online. You can use that as your reference, too. 

Another way to guarantee you whether the lender is legit is by looking at the official list of licensed moneylenders in Singapore. You can only find it through the website of the Ministry of Law. 

Know Why You Need A Loan

The very first thing to do is to know where you want to spend your loan. Make sure that the loan you will be applying for is beneficial for you. Here are common factors why you need a loan:

Medical and Financial Emergencies

People are facing uncertain events in a day. In finances, we do experience emergencies. 

Borrowers can use their loans on urgent services like medical services. 

Other financial emergencies are disasters or calamities that are inevitable. Getting a low-interest personal loan can help you start again. 

Basic Needs

You can get a short term loan if you spend it on your necessities like electrical bills or budget for food. But, if you think that you cannot make it to the next paycheck, you can resort to a long term loan.

Improve Credit Score

You can get a loan to improve your credit score. You can do it by paying all your existing debts. If you have many loans, this is the best solution to pay them all off. This way, you will be focused on paying a single loan. 

It is less troublesome for you when it comes to due dates. At the same time, it can help you get more savings. The interest rate is lower than adding all interest rates from your previous loans.