Small Loans, Big Solutions

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

Short Term Loans

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)

Toa Payoh

Toa Payoh is a residential town in the northern sector of the central part of Singapore. It borders Bishan and Serangoon to the north. To the south is Kallang. 

It was a squatter area where people engage in farming and raising pigs. Other settlers were factory workers, mechanics, and domestic helpers.

It is the second oldest town and the first to be built. There are housing estates in the city that caters to locals and residents. It has a town centre for shopping and entertainment.

The industrial area of Toa Payoh provides job opportunities to residents. The Toa Payoh Town Park is a garden park. It is popular for willows and bamboo.

At the centre of the Toa Payoh Town Park are a carp pond and waterfall. It is the best go-to place for those who love fishing.

Toa Payoh Stadium provides the sporting and recreation needs of the locals.

Beside it is the Toa Payoh Sports Hall and Singapore Table Tennis Association Academy.

The town of Toa Payoh gives you everything that you need. They even have reputable licensed moneylenders. They can provide for the financial demands of their residents.

Mistakes That Can Ruin Your Credit Score

One important thing that the licensed moneylenders consider is your credit score.

When you apply for a personal loan, they check for your credit history and credit rate.

You must maintain a favourable credit score. This can increase your chance to be approved by moneylenders. As much as possible avoid ruining your credit score.

Here are some of the things that can ruin your credit score: 

Numerous Credit Accounts

If you have many debts to pay, it could greatly affect your credit score. And if you have different accounts, it can also have an impact on your credit score.

Make sure that your loans are not scattered on different credit cards since they are hard to track. Credit cards from various banks have different billing cycles. There might be some bad effects on your credit score if you miss your credit card bills. That’s why it is discouraged to have more than two credit cards if you are not used to tracking your due dates.

Numerous Loans in a Short Time 

If you apply for many payday loans in a short period, it could pose a negative impression on your moneylender.

This will give moneylenders a hint that you are struggling with your finances. This can take down your credit rating.

Some borrowers tend to ask for a low amount of loans, only to realize that it is insufficient. So, they try to apply for another loan to cover the deficit. This situation usually happens to first-timers.

It is advisable that before you apply for a loan, you need to assess your financial need first.

Be specific with the amount of money that you need. Take all that on one single loan.

Late Payments

Student loans, car loans, or personal loans have fixed repayments. 

If you didn’t pay for more than thirty days, you will be considered delinquent.

If you happen to settle your late repayments too often, it will impact your credit history. So, avoid having late repayments as much as possible.

Try to settle your repayments on time. Over a year, you may gain a good credit history.

Yet, if you can’t settle your payments on time, call your moneylenders. Some of them are willing to recommend some flexible repayment schemes.

Credit History

Keeping a good record of your repayments will help you gain a good credit score. Licensed moneylenders in Toa Payoh give loans based on your credit rating. 

The higher your credit score is, the higher the percentage of the loan you will get. But if you do not have a good credit score, you get a lower amount loan.

But if you have never used any credit at all, the moneylenders won’t have a basis for approving your loan. They usually decide on approving your loan based on your credit history.

Keep a Good Credit Record to Get a Loan From Upper Bukit Timah

Now that you know the common mistakes you need to avoid, here are things that can help you gain a good credit rating.

Do Not Make Successive Loan Enquiries

Avoid doing too many loan inquiries. Future moneylenders can see all your inquiries from your credit history. They might think that you are desperate for the loan. This could pose a negative impression on the moneylenders.

Do not try to apply for two loans in a short interval. It is better that you assess your needed amount before your application.

Repay Your Loans on Time

Track your repayment dues. As much as possible avoid missing your dues. Being diligent with your repayments will increase your credit rating.

If you think you can’t pay your loans on time, inform your licensed moneylender. Let them know that you might be late with your payments.

They can help adjust your repayment terms. Telling them about your circumstances is way better than hiding your situation.

Take a Small Loan

If you have a bad credit score, taking a small instant cash loan is the best thing for you to do. But make sure that you will pay your dues on time and without missing any repayments.

Increasing your credit score could take a long time by using this process. But this will help you get a better credit rating.

Never Default On Your Loans

If you do not pay your loans, your chance of getting a personal loan in the future could get lower. Some moneylenders in Toa Payoh might not accept your application.

If it burdens you in paying your debts, talk to your counsellor or financial advisor. They can offer solutions to your situation.

Related Article: Toa Payoh Foodie Guide: What to Eat in Toa Payoh

Singapore North Area Singapore East Area Singapore West Area Singapore Central Area
Licensed Moneylenders Yishun Licensed Moneylenders Aljunied Licensed Moneylenders Yew Tee Licensed Moneylenders Tanjong Pagar
Licensed Moneylenders Yio Chu Licensed Moneylenders Tampines Licensed Moneylenders Tiong Bahru Licensed Moneylenders Shenton Way
Licensed Moneylenders Woodlands Licensed Moneylenders Ubi Licensed Moneylenders Telok Blangah Licensed Moneylenders Rochor
Licensed Moneylenders Whampoa Licensed Moneylenders Simei Licensed Moneylenders Tanglin Licensed Moneylenders River Valley
Licensed Moneylenders Upper Serangoon Licensed Moneylenders Punggol Licensed Moneylenders Redhill Licensed Moneylenders Raffles Place
Licensed Moneylenders Upper Bukit Licensed Moneylenders Paya Lebar Licensed Moneylenders Jurong West Licensed Moneylenders Queenstown
Licensed Moneylenders Toa Payoh Licensed Moneylenders Pasir Ris Licensed Moneylenders Jurong East Licensed Moneylenders Plaza Singapura
Licensed Moneylenders Serangoon Licensed Moneylenders Marine Parade Licensed Moneylenders Jurong Licensed Moneylenders Outram Park
Licensed Moneylenders Sembawang Licensed Moneylenders Macpherson Licensed Moneylenders Holland Licensed Moneylenders Orchard
Licensed Moneylenders Seletar Licensed Moneylenders Katong Licensed Moneylenders Commonwealth Licensed Moneylenders Lucky Plaza
Licensed Moneylenders Potong Pasir Licensed Moneylenders Kallang Licensed Moneylenders Clementi Licensed Moneylenders Jalan Besar
Licensed Moneylenders Novena Licensed Moneylenders Joo Chiat Licensed Moneylenders Buona Vista Licensed Moneylenders International Plaza
Licensed Moneylenders Marsiling Licensed Moneylenders Geylang Licensed Moneylenders Bukit Merah Licensed Moneylenders Dhoby Ghaut
Licensed Moneylenders Little India Licensed Moneylenders Eunos Licensed Moneylenders Bukit Gombak Licensed Moneylenders Dhoby Ghaut
Licensed Moneylenders Choa Chu Kang Licensed Moneylenders East Coast Licensed Moneylenders Bukit Batok Licensed Moneylenders Chinatown
Licensed Moneylenders Yishun Licensed Moneylenders City Plaza Licensed Moneylenders Boon Lay Licensed Moneylenders Bugis
Licensed Moneylenders Bukit Timah Licensed Moneylenders Changi empty Licensed Moneylenders Boon Keng
Licensed Moneylenders Bukit Panjang Licensed Moneylenders Bedok empty Licensed Moneylenders Boon Keng
Licensed Moneylenders Braddell empty empty Licensed Moneylenders Boon Keng
Licensed Moneylenders Bishan empty empty Licensed Moneylenders Balestier
Licensed Moneylenders Ang Mo empty empty Licensed Moneylenders Balestier
Licensed Moneylenders Admiralty empty empty Licensed Moneylenders Anson Road