Licensed Money Lenders Potong Pasir
Small Loans, Big Solutions
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.
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
Eligibility and Documents Needed
For Self Employed
For Taxi Drivers
Potong Pasir is particularly notable in Singapore. As of the moment, it has the longest-held opposition ward in one-party dominant.
Moreover, the area has accessible transportation means. The nearest MRT station is on the North-East line.
The housing estate of Potong Pasir lies between Toa Payoh and Sennett Estate. It’s part of Singapore’s Central Region.
The best feature of the area is the moneylending system. The loans offered are always on track. Also, Licensed Moneylenders in Potong Pasir strictly follow the law. They think of the financial welfare of every client.
Try out how their lending process works.
Common Misconceptions about the Licensed Moneylenders in Potong Pasir
Residents in Potong Pasir long to have a financial partner. Yet, they are reluctant to borrow money from money lending facilities.
A lot of hearsays are talking negative things about the money lending system. Good thing, the Moneylenders Act is adamant about ensuring lenders function legally.
So when you hear the following, don’t believe it right away. You can always talk to a licensed moneylender in Potong Pasir. Given to every borrower is an elaborate explanation.
Outrageous Interest Rates
They say, borrow money from banks. It’s the safest and most secure way. But what I can say is visit a licensed moneylender. They follow the stringent rules by the Registry.
Interest rates from the licensed moneylenders in Potong Pasir are regulated. The most significant rate charge is only 4% per month. Also, the late repayment fee should not exceed 4% monthly.
Through this, you can manage your expectations—no payment of outrageous charges.
Remember to take the time to research a lender. Licensed moneylenders in Potong Pasir are compliant with the law. View their website.
No Chance for Bad Credit Borrowers
Most people believe that creditworthiness is from your credit score. It’s true! But not all lending companies solely based on this.
Licensed moneylenders in Potong Pasir are open to all qualified borrowers. They will check your age, citizenship and employment status.
They also review your credit history. You have a better chance if you have a good credit score. But having a low score is not a problem.
This type of lenders approves loans for high-risk borrowers. Present all the required documents. Prove that you’re a diligent payer. And you’ll be one lucky loan applicant. Whenever you need an instant cash loan, you can get with Potong Pasir money lenders.
Creates a Deeper Debt
A loan application is an answer to your financial crisis. It should not be the other way around.
Also, they discuss all the terms, conditions, and charges. Understand everything before you sign the contract. This way, you know what you’re getting in to.
While loan sharks charge unbelievingly, also, they omit some terms during the discussion. In the end, you’ll be digging your financial sinkhole.
Take time to learn all about your chosen lender. Save money and effort. Apply for a stress-free loan from the licensed moneylenders in Potong Pasir.
Requires a Collateral
Whenever you apply for a loan, an asset seems necessary. Banks need this to secure their loan repayment.
No asset means loan rejection. Tricky. What if you don’t have a valuable property? How can you get an approved loan?
Potong Pasir legal lenders do not need collateral. An assurance that you can repay is enough. That’s why they check your employment status and regular monthly income.
Don’t be misled by what others say. Check the official website of your preferred lender and read what is in it. If there’s is something you’re confused about, ask the loan officer immediately. Apply when everything’s clear to you.
Spot Loan Sharks from Licensed Moneylenders in Potong Pasir
Misconceptions about the money lending industry are loan sharks’ fault. Many borrowers become their victim and cause trauma to aspiring borrowers.
Beware of the following. Avoid loan sharks as soon as you see one. Please report them to the authorities immediately.
An unlicensed moneylender or loan shark is never transparent. The loan contract they provide is quite vague. There are times that hidden charges are stipulated.
When borrowing money, be sure that all necessary information about your loan is written in the contract. Always read your agreement and understand every detail. For sure, you’ll secure a better loan amount.
Licensed moneylenders in Potong Pasir present a complete loan contract. Everything the loan officer discussed is written. Plus, they answer your questions right away—no beating around the bush.
Unreasonable Processing Fee
Expect a processing fee charged for every loan you applied. As stated in moneylenders’ law, lenders can only charge a processing fee of up to 10% of their principal loan amount.
Any processing fee exceeding 10% is a loan shark doing. Never oblige. Also, loan sharks ask you to pay upfront. They won’t process your loan until you settle.
Ironic, isn’t it? You need an instant cash loan from them. Yet, they demand payment first.
Licensed moneylenders in Potong Pasir have a different approach. Either you pay on instalment or deduct it from the principal loan amount. You decide which is best for you.
The Moneylenders Act put in place all the regulations. Now and then, they check all the lending companies. Licensed moneylenders in Potong Pasir abide by the law. You are safe and secure. Take out a short-term loan with them.
Related Article: What to Eat in Potong Pasir: Local’s Fave