Advisory
Licensed Money Lenders Tiong Bahru
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
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)
Tiong Bahru
Nowadays, Tiong Bahru is very famous in Singapore. It is all because of the city’s hipster spot. The neighbourhood of Tiong Bahru is full of charm, with cafes and restaurants on every corner.
Some of them are Flock Café Bakery, Ikyu, Loo’s Hainanese Curry Rice, Le Le Pot. The list goes on, and for sure, you can find something to indulge with.
Partner your cravings with enough funds. Apply for a personal loan from the licensed moneylenders in Tiong Bahru. Get other services when you visit the moneylender’s official webpage.
Repayment Terms of Licensed Moneylenders in Tiong Bahru
Licensed money lenders in Tiong Bahru do not only have the best loan products and services. It also has over-the-top repayment terms that surely fits you. Choose wisely which loan term suits your capability to pay.
Place of Repayment
You can pay any way you are convenient with. See the difference between online repayment and offline repayment.
Online Repayment
Settle your maintaining balance without leaving your workplace.
How?
Moneylenders are now adopting the digital system, providing online loan services to residents. Due to this advancement, people can link their account directly to the licensed money lender’s site.
Reputable lenders do have secured websites, so don’t you worry. With such a system, residents can pay their loan online via PayNow.
Yes, things have changed and developed. You can now experience convenience in applying and paying off your loan with Tiong Bahru money lenders.
Offline Repayment
Do you feel payment is secured offline? Visit your trusted lender’s physical office. Pay your due loan amount in cold cash and ask for an official receipt.
Be careful when you drop by their office. Don’t mishandle your cash. Licensed money lenders in Tiong Bahru are tight. You know that bringing your money for repayment is safe.
Wherever you prefer to repay, seek an official receipt. Keep it intact. It is essential for future reference and transaction.
Loan Repayment Term
Aside from the place of repayment, licensed money lenders in Tiong Bahru have flexible options. You can pay your loan either monthly, weekly or bi-weekly (every 14 days). Identify their difference before deciding your repayment scheme.
Monthly Loan Term
With this term, you pay off your loan every 28 days.
Let’s say you got approved by March 1. Your due date is on March 29. Included on your loan due is the incurred interest rate.
If your due falls on a non-working holiday, settle it on the last working day before the holiday immediately.
Weekly Loan Term
The weekly term means repaying your loan every after seven days (week). The weekly repayment schedule comes into three options: Weekly 3, Weekly 4, and Weekly 5.
Let’s say you took a small business loan and got approved by March 1. Your repayment schedule will look like this:
WEEKLY 3 PLAN
- 1st repayment: March 8
- 2nd repayment: March 15
- 3rd repayment: March 22
WEEKLY 4 PLAN
- 1st repayment: March 8
- 2nd repayment: March 15
- 3rd repayment: March 22
- 4th repayment: March 29
WEEKLY 5 PLAN
- 1st repayment: March 8
- 2nd repayment: March 15
- 3rd repayment: March 22
- 4th repayment: March 29
- 5th repayment: April 5
From this term, you can allocate your budget wisely. Balance your income and expenses accordingly.
Licensed Money Lenders Tiong Bahru
Bi-weekly Loan Term
Based on the name itself, you repay every other week or every two weeks. It takes 14 days before your next due. You have plenty of days to save money.
Just like Weekly Term, Bi-weekly Term is divided into three more options.
For instance, you took a jewellery loan and got approved on March 1. Your loan repayment schedule will look like this:
BI-WEEKLY 1 PLAN
- 1st Repayment: March 15
In short, you will settle your loan after 14 days from the date you took the loan.
BI-WEEKLY 2 PLAN
- 1st Repayment: March 15
- 2nd Repayment: March 29
Your payment under this plan is divided into two 14 days.
BI-WEEKLY 3 PLAN
- 1st Repayment: March 15
- 2nd Repayment: March 29
- 3rd Repayment: April 12
It clearly shows that your loan amount is equally divided into three 14 days.
Bi-weekly plans are the most convenient loan term for most Singaporeans, especially salaried employees. As you can observe, dues fall after paycheck days. If your earning every fifteen days, then a bi-weekly loan term plan best suits you.
Learn more about repayment options with your trusted lender. Licensed money lenders in Tiong Bahru accommodate all sorts of queries related to financing.
Personal Loan Repayment Tips of Licensed Moneylenders in Tiong Bahru
Don’t miss your repayment dues. That’s one responsibility that every borrower should take into account. Remember, whatever behaviour you show towards your credit will be reflected in your credit history.
Take note of the following repayment tips laid up by the licensed moneylenders in Tiong Bahru.
Make a schedule on your phone.
Making a schedule is the best and most straightforward way to do it. Mark dates on your mobile calendar. You can mark the dates of your paycheck dates, bills, and your loan repayment dates.
Set the alarm right after making a schedule at least three to five days before the due date. At least you can have ample time to collect funds to pay for your loan. This way, your mobile phone will always remind you of the critical dates.
Plot your dues on your planner.
Use a planner to organise your daily activities, tasks and finances. Every weekend, you get reminded of your responsibilities by scanning your notes.
Choose the most appropriate repayment term.
Take a look at your current financial status. Study your activities, including the flow of your money. Once you’re able to evaluate your finances, you can then choose which loan term fits you.
Contact your chosen moneylending company and ask for queries. Reputable lending companies can guide you throughout your selected term.
Choosing the right loan term allows you to budget wisely. This way, you can build a healthy habit of repaying your low-interest personal loans on time. And addition to that, you earn good point when you repay your debts timely.
Start and end your loan application with the trusted money lenders in Tiong Bahru. They won’t trap you with your repayment.
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