Licensed Money Lenders in Singapore

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As the famous saying goes, “Life is just like a wheel, sometimes you’re up and sometimes you’re down.” There will come a time that you will need financial assistance. During these difficult times, it would be best to make sure that you approach a money lending company that will handle your problem quickly and professionally. The lending company should offer a wide variety of reasonable plans that will aid borrowers with different financial problems like buying a house, unanticipated medical bills and vehicular maintenance.

Licensed money lenders in Singapore should offer a variety of options to their borrowers like payday loans, personal loans, foreigner loans and even loans when starting a business. Having different kinds of loans can guarantee the borrowers that whatever financial needs they want, the lending company can accommodate them. Borrowers should have easy access so they can easily apply online and can have the approval quickly. If in case they will be disapproved, they can look for other lending companies or other means of getting the financial assistance they need.

Some lending companies will impose on how you will use your loans which should not be the case. Borrowers should have the freedom to do whatever they want on the money they have borrowed. The bottom line, they will be the one paying the loan.


Money lenders in Singapore should not ask for very high interest rate that would hurt more the already financially problematic borrower. They should not be charging administrative fees for processing the application of the loan. Information like what will happen if in case the borrower will pay past its due date, bouncing check and other cases should be disseminated properly. This is to ensure that the borrower would know the consequences. Support should be given in a professional and friendly manner so borrowers can easily approach or ask question whenever they are confused.

Looking for trusted and reliable money lenders in Singapore is very essential especially in crucial times. The borrowers should make sure that there are no hidden charges. Double check the interest rates they are offering so that everything is laid out in black and white. There should never be gray areas so everything is understood and there would be a good relationship between the borrower and the lender.

Licensed money lenders in Singapore have values that are the foundation of the organization:
• They are truthful and would never leave any gray areas so borrowers would rely on then on their financial problems.
• They offer a wide variety of loans like payday loans, personal loans and other kinds of loans.
• They offer professional and friendly support to borrowers. They are very approachable to any questions to their clients. They never stop explaining unless their clients have understood fully the explanation.

Here are guide questions for borrowers before they go to any licensed money lenders in Singapore:

• How much money do I need?
• What are the different interest rates for each lending companies?
• Are there any fees or hidden charges?
• How to check if the lending company is licensed or not?