Seletar is in the north-east part of Singapore referred to as the Seletar Planning Area.
The town shares boundaries with Sengkang to the south and Punggol to the east. Yishun and Simpang are to the west and Straits of Johor to the north.
It houses an Aerospace Park. It focuses on industries in aircraft maintenance and repair services.
It was home to the Malay population and was a rubber plantation estate. Then it turned into a site for British Royal Air Force.
Seletar Mall serves the basic needs and necessities of the residents. It has retail and dining outlets.
Aside from that, there are supermarkets, moneychangers, and ATMs.
The old colonial bungalows now changed into restaurants. You can see some flying clubs and flight schools nearby here.
There's a lot of residential properties around the Seletar. Also, you can find few high-rising condominiums.
You can send your children to primary schools in town.
Seletar indeed is a convenient place for families. Aside from these, licensed moneylenders in Seletar assist families with their needs.
Why Choose a Licensed Moneylender in Seletar
Several moneylenders in Seletar scattered in place. We don't know which is legal or not.
So you should be cautious in choosing a moneylender.
This discussion is made to give you guidelines for finding the right moneylender.
Here are factors why people should choose licensed moneylenders in Seletar:
Affordable Interest Rate
Licensed moneylenders offer an affordable interest rate. There are regulations issued by the government which they have to stick to.
There is an assurance that the interest rate you are paying is fair.
They are following standard qualifications when determining the amount of loan to grant.
Permit of Operation
Having a physical office is a must for licensed moneylenders. Aside from it, they must have a legitimate permit. This means that they have the right to operate the business and have a registered landline.
If something is not clear on your loan application, you can go to their office.
You'll also need to go to the office if you are going to submit all the required documents.
Shorter Waiting Period
Loans from a licensed moneylender in Seletar has a shorter waiting period. Approval for requests could take a few days.
Though some could take about a week. There is an assurance that the process of your approval is efficient.
Harassment could happen if you borrow money from illegal moneylenders. They might threaten you in case you don't pay your debt.
But if you borrow from the licensed moneylenders, there is a guarantee for your safety.
They have guidelines to follow. If they try to harass you, cancellation of the permit will be the punishment.
If you cannot pay your loan, licensed moneylenders can adjust your repayment terms. So make sure that you plan your repayments well.
Licensed Moneylender in Seletar
Things to Keep in Mind When Getting a Loan from Licensed Moneylenders in Seletar
Getting a loan is an answer to those who need financial help. But, to prevent issues from happening, here are things that you need to always remember.
Recheck Loan Contract
A contract is a binding agreement between you and your moneylender. So, before signing any contract, make sure to read it.
Check the terms and conditions. Make sure that you understand every detail in it. Assess yourself if you can follow the policies of your loan.
Also, before borrowing money, assess your financial status first. If you need a huge amount of money but can't afford to repay it, don't for yourself. Start with small loans.
The moneylender has to discuss the terms and conditions. Observe them if they abide by the legal standards about the interest rate.
Ask them if they will charge interest rates from your loan. If they do, then check if it suits your financial condition.
You can compare interest rates from other moneylenders and by doing this, it will help you decide. Choose a licensed moneylender that offers a reasonable interest rate.
Flexible payment terms matter in choosing a licensed moneylender. Consider checking it before signing a contract.
You can ask them about the repayment scheme as well as the duration of the repayment terms.
Make sure that you are comfortable with the repayment schedule so that you won't miss your terms.
Choose the best-licensed moneylender in Seletar that can provide your needs.
They should be able to provide a valid license. This will prove their eligibility to operate.
Check how long a moneylender is operating. If they are operating for a long period, this means that the institution is of good reputation.
It is important to do intensive research in choosing a licensed moneylender. It will give you more information about what products and services that they offer.
It would be wise to ask from previous borrowers. You may be able to know the quality and the services they provide to borrowers. You can ask them questions about your loan you are planning to get.