Ubi or Kampong Ubi is found in the Central Region of Singapore. It is a planning area located in Geylang. Mainly as an industrial area, a high concentration of automotive-related businesses with many major dealerships having their showrooms and workshops are found in the area. The Housing and Development Board (HDB) has built 50 blocks of flats suited for residence.
If you need the money and residing in Ubi, a fast cash loan can help you. Below are the things you need to know.
How to get a fast cash loan?
A fast cash loan is ideal for the situation when you need urgent money. This type of loan is also suitable for people with a bad credit score. The process of applying for this loan is fast, and you can get the cash instantly. However, before getting one, take note of the following:
- Known ways of spotting illegal moneylenders: We understand that there is urgency in getting the loan. However, you need to make sure that you are dealing with a licensed money lender. Otherwise, you might fall trap by loan sharks. The easiest and best way to check if you are dealing with a licensed money lender is to visit the page of the Ministry of Law of Singapore. It publishes the updated list of licensed money lenders in Singapore. The list is accessible here. Check if the details posted on the website match the details shown by the moneylender.
- Have required documentation with you during application: Nothing will make your loan application faster than ensuring that you have all the documents necessary for your loan application. Make sure that you have everything on the list before going to your appointment. Visit the money lenders website to have the list of requirements you need to bring.
- Find out about any collateral requirement upfront: Depending on the amount of loan you are getting, you may need to have any of your property to serve as collateral to your loan. Check if the moneylender requires this and make sure to do the necessary steps if it is needed.
Advantages of taking a loan with a money lender
A moneylender offers a less stringent process of the loan application. As for banks, they have a generally long loan application process. Furthermore, with money lenders, you may get the money within hours of the application. The release of the loan for banks takes days.
Moreover, money lenders do not solely rely on credit score. Moneylenders are more concerned with your current financial standing. With banks, your loan may not get approved due to a bad credit score.
How can we help you?
Bugis Credit is one of the most recognized and trusted licensed money lenders near me. We understand the urgency of your situation. We aim to process your loan as quickly as possible. Our loan application process requires the minimum time possible.
Moreover, we have been in the business since 2007, making us very much experienced in the financing industry. Contact us and request a quote today!
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