Cash Mart Pte Ltd is one of the very few licensed moneylenders in Singapore that strictly operates independently where clients information are kept fully confidential and not distributed. As a licensed personal loan moneylender in Singapore, we do not advertise nor solicit any advance fees for pre-approved loans through SMS, over the phone or emails. In case of any issues, contact us at 6397-4111 or info@cashmart.sg

Licensed Moneylenders Upper Serangoon

Your Privacy and Security, Protected

We take full measures to protect your identity.

Your Application is 100% confidential.

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
For Salaried and Commission-based Employees
  • 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)

Upper Serangoon

In the North-East Region of Singapore lies Serangoon. This planning area and the residential town has Upper Serangoon. 

The Upper Serangoon Road links nearby districts, Hougang district included. Residents travel faster and with comfort. 

Licensed moneylenders in Upper Serangoon create financial confidence. Citizens apply often as long as they are a qualified borrower. 



Criteria to Become a Qualified Borrower by the Licensed Moneylenders in Upper Serangoon

Why does it need to qualify before getting approved?

Not all individuals have the same financial status. Some can afford to pay, some don't.

It is a way for moneylenders to reduce the risk of lending to people who tend to do illegal acts.

Thus, licensed moneylenders follow rules in approving applications. 

 

Here are some criteria on how to qualify for loan approval.



Age

Licensed moneylenders qualify a person depending on age. 

 

What ages does the licensed moneylender prefer? You might ask this one.

 

The moneylenders prefer to accept ages 21 to 65. Because at this stage, you are at the peak of your career. 

More or less, they are financially stable to repay the loan on time.

 

Ages 21 and below and 65 above are considered as high-risk borrowers.

Why? 

21 years and below are still new in the employment world. They had just begun their career. 

They don't have enough credit score yet. Also, they don't develop a sense of responsibility yet.

 

For ages 65 and above, they are already in the retirement stage. 

Once retired, it means you stopped working. And when you stop working, you stop earning. Where will they get money to pay for the debt? 

 

This is why they are all considered as high-risk borrowers.



Citizenship

Singapore Citizens and Permanent Residents in Singapore have privileges to bank loans.

Licensed moneylenders in Upper Serangoon offer the same. But they allow lending to foreigners. 

But there are more qualifications they'll need for you to present.

If you need instant loan cash, show your residency ID card to your chosen lender.



Income

The source of income has a big role in getting a loan. 

 

Try to think about it.

 

Where will the borrower get money to pay the loan with interest if he/she doesn't have any source of income? 

We need to earn money to provide our daily necessities. And this is the reality. 

This is why the lack of a job gets declined.

 

Licensed moneylenders in Upper Serangoon need a minimum income. 

If you earn less than $10,000 a year, take out a personal loan. The loan amount depends on how much you. 

The higher your income, the higher the approved loan amount would be. 



Credit Score

The credit score is the reflection of your creditworthiness.

As mentioned earlier, the lack of a job will usually result in a declined application.

 

It doesn't matter how much salary you earn monthly. 

 

All legal moneylenders connect with the Credit Bureau.

The Credit Bureau gets all the views of your credit score. 

They post all your repayment history. It may be your previous loan or your current loan.

 

Through them, licensed moneylenders can track down how you repay your financial obligations.

If they found out that you are an irresponsible borrower, that will give them a negative view. 

 

Keeping a good score means you have a good payment habit. And with a great credit score, you can easily get approval.

Licensed Moneylender in Upper Serangoon

Employment Duration

Licensed moneylenders consider the length of your stay in the company. It is part of their assessment. 

Licensed moneylenders in Upper Serangoon require at least three to four months' stay.

 

Some lending institutions don't have a specific duration of employment stay. And they do not elaborate as well how it affects your loan approval.

 

Again, before you decide to get a loan, do personal research first. 

Licensed moneylenders in Upper Serangoon assess borrowers. 



Borrower’s Requirements with the Licensed Moneylenders in Upper Serangoon

Licensed moneylenders in Upper Serangoon have online personal loans. 

 

Here's how to do:

 

STEP 1: Apply online

The online loan officer will check your application. Wait for the approval. It can happen within 24 hours. 

 

STEP 2: Complete all the requirements needed to submit.

 

STEP 3: Submit all the requirements to their office. 

 

Afterward, you can get the loan cash you needed. 

 

So simple!

 

This is how the online application of licensed moneylenders in Upper Serangoon works.



Personal Identification 

This card contains all your personal information including your age. 

 

Remember, only ages 21 to 65 will get approval from the licensed moneylenders. 



Proof of Citizenship

Not all who live in Singapore are citizens of the country. 

This is why proof of citizenship is part of the requirements.

 

For Singapore citizens, they have NRIC. It stands as a National Registration Identification Card.

For foreigners, they have FIN which means Foreign Identification Number. Also, permanent residents have this one.

 

Present a photocopy to a licensed moneylender in Upper Serangoon.



Latest Proof of Billing

This kind of billing should be under your name. This bill shows how responsible you are for your monthly obligation.

The bill also includes your current address. 

Licensed moneylenders in Upper Serangoon need these details. It shows how accessible you are and how diligent you pay. 



Latest 3-month original payslip

Payslips are proof of an individual's source of income.

The latest payslip will prove that you are earning. 

 

The moneylender can assess you using your latest payslip on how you can repay your loan.

Licensed moneylenders will require you your latest 3-month original payslip. 

 

Licensed moneylenders in Upper Serangoon even allow CPF contribution (Central Provident Fund). 

Check your payslip at home and present it to the loan officer. 



Letter of Employment

The letter of employment will tell them that you are currently employed in a company.

To get one, you can ask your company's Human Resources ahead of time. Every company in Singapore provides this document.

 

Licensed moneylenders in Upper Serangoon allot time for you. Prepare all the documents before you go to the office. 

With all this information, you can now assess yourself. 

 

It's better to check it first, your eligibility and requirements before applying.

Any problem or difficulty in providing some documents? You can seek help from them.

 

Licensed moneylenders in Upper Serangoon process faster. Especially if you have all the criteria in you.

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