Licensed Money Lender Personal Loan Bukit Timah Singapore

Licensed Money Lender Personal Loan Bukit Timah

Bukit Timah is well-known for its long and beautiful nature reserves. If you’re one to walk on long trails, you’ll want to go around Bukit Timah’s nature rainforest trail and check out over 500 species of animals and plants.

Once you’ve gone through your green adventure, whether by walking or jogging, you’ll want to go across and brave the Tree Top Walk. Up there, you’ll see the entirety of the rainforest while monkeys guide your every step.

As with any kind of vacation and weekend trip, make sure you’re always financially ready. It’s easy to get lost in your plans and forget about the budget. If worse comes worst, you can always count on licensed moneylenders to help you with your financial problem.

The Best Method To Get Fast Personal Loans

Banks offer higher loan amounts. Sometimes, you can go on a full one-week European vacation with bank-provided personal loans.

However, if you’re going local and contending with lower loan amounts, you can always count on licensed moneylenders to help you. Here are three steps to get the best personal loan releases.

Avoid Illegal Moneylenders

Illicit moneylenders have run rampant in the country’s past. The Ministry of Law quickly recognized this problem, which led to the Registry of Moneylender’s creation. In doing so, the Ministry of Law became an effective overseer of all moneylender activities.

Therefore, if your moneylender reached out to you through SMS, chat, or a call, they are not licensed moneylenders. All legitimate moneylenders cannot reach out to customers. They can only own their website and have a receiving phone number and email account.

Get All Required Documents Lenders Need

Licensed moneylenders work like banks when it comes to requirements and documentation. Often, they’ll ask you for the following:

NRIC
Billing statements and other proof of residence
Employment certificate
Latest 3 months
Singpass details
Work permit/S-Pass/E-Pass (for foreign borrowers)
Passport (for foreigners)
Bank account statement (for foreigners)

Be sure to bring these along when you finally decide on which moneylender to use. If you can submit all your requirements on the same day, you can get your loan application decision and amount on the same day too.

Possible Collateral To Lower Your Interest Rates

Sometimes, licensed moneylenders may present you with the option to attach collateral to lower your interest rates. Even if you have good interest with an unsecured loan, take the opportunity to reduce it further. If you’re confident you can pay your loans ultimately, collaterals are an excellent guarantee.

Why Should You Choose Bugis Credit as Your Money Lender?

Decades of Experience

When you work with Bugis Credit, you’re working with a team with over ten years of experience providing top-grade financing for Singaporeans and foreigners.

Helpful Staff

If it’s your first time applying for a loan with a licensed moneylender, our team will make it easy for you!

Friendly and Fair Terms and Conditions

You won’t need good credit scores working with licensed moneylenders. Plus, the Ministry of Law regulates their activities. That’s why you should choose us as your go-to Licensed Money Lender Bukit Timah as we’re regulated and licensed!