Bugis Credit Pte Ltd is one of the best reviewed and reputable licensed money lenders in Bugis Singapore, offering personal, business, monthly, payday, and foreign loan.
Registered with the Ministry of Law, borrowers can be confident that they get fair interest rates, accordingly
Bugis Credit also takes pride in offering unsecured loans without the use of property or other assets as collateral. Guarantor is also not necessary, as the company strives to provide borrowers with flexible repayment terms suitable for their budget and capability.
#01-41 Peninsula Plaza,
Prior to borrowing money, it is important to consider the list of money lending companies registered with the Ministry of Law, to verify its legitimacy.
At Bugis Credit Pte Ltd you can be confident that you can get a fair amount of interest rates, as it adheres with the law. It offers flexible repayment terms suitable for the borrower’s budget and capability.
The amount of money you can loan varies depending on the requirement and qualification. Here’s the list of loanable amount A1 Credit offers:
According to the Ministry of Law, if a borrower fails to repay the loan on time, the maximum rate of late interest a moneylender can charge is 4% per month for each month the loan is repaid late.
All moneylenders are only permitted to impose the following charges and expenses:
The total charges imposed by a moneylender on any loan, consisting of interest, late interest, upfront administrative and late fee also cannot exceed an amount equivalent to the principal of the loan.
You can verify if a moneylender is licensed by checking this list by the Ministry of Law.
Under the advertising rules, licensed moneylenders are permitted to advertise only through these three channels:
If you receive flyers, SMSes, emails or other forms of advertisements, these would be from either licensed moneylenders operating in violation of the rules, or unlicensed moneylenders.
You are advised to seek clarifications on specific terms of the loan contract before signing up with a licensed moneylender, and not to rely solely on the content of advertisements from the moneylender.
You should ensure that:
You can contact the Registry at telephone number 1800-2255-529.