West Coast is the home of the most secured private houses and condominiums. A lot can be done in this subzone located in the town of Clementi.
Residents travel effortlessly at the West Coast Road and West Coast Highway.
Explore sports and recreational facilities. Choose between the football field and running track. You may also try squash courts, bowling facilities, and adventure playgrounds.
Study at the primary and secondary schools throughout the West Coast.
People also in the West Coast are all financially literate. But in times of financial dilemmas, licensed moneylenders are ready to help.
Identifying Licensed Moneylenders in West Coast
When the money lending industry developed in Singapore, many lending facilities sprouted.
Included here are unlicensed money lenders and loan sharks. Because of their presence, Singaporeans hesitate to borrow money.
Are you one of them? Don’t worry.
We will teach you how to identify reputable lending companies on the West Coast.
Enlisted with the Licensed Moneylenders in Singapore
In Singapore, the Moneylenders Act is like the Bible in this industry. Anything related to the borrowing of money must be indicated in the law.
Without the permission of the Act, a lender can not legally function.
If you want to know if a lending facility is licensed, check out their site.
All legitimate and reputable lenders are listed. You’ll notice that the licensed moneylenders in the West Coast are within the group.
Friendly and accommodating behavior
Aside from a background check of your chosen lender, observe their behavior.
Licensed money lenders on the West Coast are very professional. The loan officers discuss all the terms and conditions with clarity. The cashier hands out complete change and official receipt.
Moreover, they are approachable. You can ask anything from them, as long as it is related to your finances.
The loan representative answers all your questions formally. Also, they cite examples of how you can manage without compromising your savings.
Licensed Moneylender in West Coast
Clear Loan Contract
The Loan Contract is the written agreement between you and the moneylender. It should contain all the terms, conditions, fees and penalties.
Any discrepancy must be reported immediately to the loan officer. Demand for an explanation and it shall be answered with transparency.
Be vigilant when it comes to your loan application. Moneylenders persuade you to apply. But always check if all that is discussed is stated in your contract.
Loan Contract from the licensed money lenders in the West Coast is transparent. All the discussion about your loan is written clearly. Check it out and find out how they do it.
All charges of loan products are under the Moneylenders Act. Licensed moneylenders don't exceed the borrower's principal amount.
Licensed moneylenders in the West Coast strictly abide by the law.
The maximum interest rate is 4% a month.
The required processing fee is up to 10% of the principal loan amount.
The late repayment fee should not exceed $60 each month.
It guarantees you from paying more than you should. That’s how important it is to borrow money from a licensed money lending institution.
This discussion can help you identify a licensed lender from not.
Don’t be a victim.
Save your family and friends from loan sharks. Be familiar with how licensed money lenders in the West Coast works.
How to Apply at Licensed Moneylenders in West Coast
A payday loan application is made easy. All it takes is 4 easy steps to do it.
Step 1. Search for a legit website and apply
Loan sharks blend in with licensed money lenders. You can easily identify them as stated above.
Choose a lending facility near you. Research about them. Browse on the lender's official webpage.
Understand their loan offers and procedures. Contact them through their posted number or website assistance.
Click Apply Now once you’re sure. Enter all the required information.
Check it again before you finally submit your loan application.
Step 2. Wait for the confirmation and complete the requirements
As soon as you submit your application, the loan process starts. Within minutes or hours, you’ll receive a response.
Check your email as they send a confirmation on this platform. Answer phone calls since loan officers will notify you this way as well.
Pay attention especially about the required documents. Complete it as soon as possible. Early compliance results in faster loan approval.
Step 3. Visit the lender’s office and listen to the Loan Officer
With your completed paperwork, proceed to the lender’s office. Present all your documents to the loan officer. A thorough assessment and verification will be done.
Answer all the questions made by the loan officer. This serves as a brief interview. Afterward, ask them questions about your loan application. Express your doubts and hesitations. They will explain everything to clear your mind.
Step 4. Sign at the Loan Contract and get the instant loan cash
If all are set, sign the loan contract. Make sure you agree to everything you have read. Also, ensure that all is explained into your understanding.
Then, get your instant loan cash directly from the cashier. Claim it with your official receipt and copy of your loan contract.
Check if the receipt contains your name, date, and right amount correctly. Do the same thing with your contract copy. It’s always better to be safe than to regret it.
Enjoy a smooth and fast loan transaction. Apply for a personal loan from the licensed moneylenders on the West Coast.
Money matters are important but your safety and privacy must be your top priority.
Licensed moneylenders in the West Coast deal with all your financial information delicately. You’re surely safe if you borrow money from them.