We may be curious how would money lenders in Singapore be like? are they heavily tattooed? speaks and dressed like hooligans? or even collects payment by hanging pig heads and padlocking of your doors? Back in those days, these are some scenarios that one will get to experience if you were to take out any loans from a moneylender. Not only will you be slapped with an exorbitant interest rates whereby it is unacceptable, but you have no choice but to accept it if you are in dire need of an urgent loan Singapore.
Today, there are however reliable money lenders in Singapore where you can rely on. The process of taking out a loan from a money lender is simple. Browse through a couple of Money lenders who are around your area, you may even Google for money lender in Toa Payoh, Money Lender at Tampines, or even Legal Moneylender in Jurong East for instance. After searching up for Moneylenders that are near you, go through a few of their sites and curate them. Make sure that they are providing legitimate loan services by scrutinising them against the list of licensed money lenders that you are able to look up under the the Ministry of Law; Registry of Moneylenders. Upon making your check, you may submit an enquiry form or ring their hotline up to enquire more about how their loan works.
Ensure that you get your figures right, ask for their interest rates for the specific loan type that you are intending to take out. If that day so happens to be a non-working day, fret not, as some money lender open on public holiday as well. Once you have set your eyes on one, it is better to head down to their office and enquire more pertaining to the loan that you are taking out, be it a personal loan, a foreigner loan, a payday loan, or a business loan. Different loans have their own set of specific requirements and documents to furnish. If you are quite sure which loan type suits you, simply call up or submit the enquiry form and the loan consultants will be able to advise you which documents to bring down.
Once you have already submitted the relevant documents, you will be able to receive an instant or almost immediate approval for your loan application process. These legal money lender in Singapore are regulated by the government and the Monetary Authority of Singapore, hence if the money lender that you are taking out a loan with does not show up under the list licensed money lender Singapore, you should steer clear and away from them. Do not attempt to take out any loan services with them even if their interest rates are the lowest among the few that you have been comparing with.
It is always better and safer to take out a loan with a reliable money lenders in Singapore. Most Private Money Lender Singapore interest rates would be lower than some local banks and their loan application process is way faster and easier as compared. Consider and enquire more, or even fill in their simple loan application form to begin your enquiry today!