Legal Money Lender SingaporeA financial crisis can happen at any time and you may have to think about taking money as a loan from a moneylender. You do not know when you will need a loan. Have you ever wondered how to get hold of a legal and trustable moneylender in Singapore? When you take a loan you should be sure that the moneylender has a valid license to give out loans (These are private companies) in Singapore. You may end up in a bigger financial crisis than the one you were in before if you did not borrow the money from a legal moneylender. You would have wished for someone to suggest you the list of licensed moneylender in Singapore. Well, your wish has been granted. We at Loancredit.sg aims at giving you the details of the best legal moneylenders in Singapore.
In our list “Licensed Moneylender Singapore”, we give you all details you need about the legal moneylenders who are permitted to provide loans to the common man. You can get the list of licensed moneylender in Singapore from the government site, however, if you want to get the list of the best licensed moneylenders you can seek help from us. Each moneylender we have included in our list has the credentials verified. We check about their credibility and also we personally study about them to present you with our review. The first and the most important thing that we check is whether they are legal moneylenders. You just have to select the agency from the list we have given on our website.
You can shortlist some moneylenders from our list to start. The next thing you have to check is the feasibility. The feasibility depends on your needs and the amount you are planning to borrow. Our reviews will surely help you in this and you can narrow down the list to the best Legal moneylenders in Singapore. You can even contact them to get to know their terms and conditions. Once you have made up your mind about the moneylender you can visit them at their office and talk about their process. But how will you know whether the moneylender is licensed or not? Well, you do not have to think much about it if you have selected the moneylender from our list – “Licensed Moneylender Singapore”. But we can give you tips if you want to do it yourself or the moneylender’s name is not on our list (something that happens very rarely). Check for their behavior when you approach them for the loan. If you feel that they are not professionals it is better to avoid them. Not only that none of the genuine moneylenders will ask for your personal details (details like passwords and user IDs). You also have to be careful that you do not share your personal information with them when you apply for the loan.
Before you go ahead with the loan make sure you know about the rules and regulations for the licensed moneylenders in Singapore. With the list of licensed moneylender in Singapore, you can also get information about the interest rates applicable to various conditions. For example, a legal moneylender can impose you a maximum of 4% interest on the loan amount and a 4% more if you miss the payment. This will be calculated only from the last month you missed to pay, not on the full amount. When you sign the contract for a loan make sure you read it thoroughly. From this, you can understand that a licensed moneylender will be transparent about all laws of borrowing. If you got the name of the Legal moneylender from other sources like advertisements you can always check the credibility of the advertisements. A licensed moneylender is not allowed to advertise in all the channels. There is a list of channels that are permitted by the government.
To make sure that you are borrowing from the best licensed moneylender you can check our “Licensed Moneylender Singapore” list. Even if you got the name from other sources our website can give you the confirmation about the integrity of the information you got. As mentioned earlier you can always visit the website for Ministry of law to get the “Licensed Moneylender Singapore” list. We know that when you trust us with these crucial details we should be transparent about the details. So you can double check with the registry to confirm that our list of licensed moneylender in Singapore is 100% genuine. Another method to check whether the particular company is a Legal moneylender is to compare the license number on their website or visiting card with the list in the government registry. You can save time if you pick the best licensed moneylender from loancredit.sg.
A little about the procedure: Once you have decided about the Legal moneylender you can submit the inquiry form online and go in person to collect the loan. A licensed moneylender will be able to guide you through the process and available loan packages. There are different types of loans you can take. Submit the documents asked by the company. This usually includes your employment status, contact details, and even payslips so that they can be convinced that you are capable of repaying the loan. Once the loan is approved collect it and fulfill your needs. You can repay the loan in easy monthly installments. The good thing about licensed moneylenders is that they can help you faster than other money lending services.
Loancredit.sg is always ready to help you with the “Licensed Moneylender Singapore” list and you can find the best licensed moneylender from our list. While composing this list we verified their license and other details furnished on their site. But, the above given information will always help you to understand the facts you have to look into before finalizing a Legal moneylender for you. Our unbiased reviews about these licensed moneylenders will give you an idea of what you can expect from the particular money lending company. Read on to see our “Licensed Moneylender Singapore” list.