Licensed Money Lender Personal Loan Bishan

Bishan, a former cemetery-turned-residential area, is home to lush parks and great hawkers.

The most famous gem is the MacRitchie Reservoir, Singapore’s oldest reservoir, where you can explore on a kayak, fish, stroll through the “Arashiyama-like” bamboo grove, walk across the submerged bridge, or head to the Treetop Walk.

To refuel, you can either go to the restaurants near the reservoir or try the top-rated hawkers around! Among the favorites are Grin Affair cafe, Ming Kee Chicken Rice, 284 Kway Chap, and Hup Seng Duck Rice. 

In case of a financial emergency, licensed moneylenders are also near the area to apply for foreigner loans and other types of loans according to your needs.

What Is a Foreigner Loan And How Does It Work?

Foreigner loans are a type of personal loan offered to expatriates who need financial assistance. This is perfect for foreign employees who need to pay off costs.

With a foreigner loan, you can use it for a variety of reasons, including paying off rent, medical emergencies, or consolidating debt. If you need quick cash, taking a loan from a licensed money lender is a viable option.

Here are the features of a foreigner loan with a legal money lender:

Minimum Income	S$3,000
Maximum Loan Amount	Up to 6x your monthly salary
Interest Rate	1-4%
Loan Tenure	6-12 months, subject to the terms and conditions of the loan
Fees	An approval fee of not more than 10% of the principal loan amount
Eligibility	At least 21 years old

Advantages Of Taking a Foreigner Loan With a Money Lender

• Fast Loan Approval: Unlike banks, licensed money lenders do not have strict eligibility requirements. That said, the verification process doesn’t take long. You can get your loan within an hour, making it a good option for emergency situations.
• No Collateral Needed: You can apply for an unsecured foreigner loan. You only have to provide basic legal documents, such as your E-Pass/S-Pass, proof of residency, and proof of income.
• Capped Interest Rate: With a licensed money lender, you can be assured that you will not be charged with sky-high interest rates. According to the Moneylenders Act, licensed lenders can only charge up to 4% interest rate per month.

How To Apply?

Step 1: Verify The Credibility of the Money Lender

Before you visit the money lender’s website, make sure to verify their credibility first. The moneylending business must be on the list of licensed moneylenders on the Ministry of Law’s website. If they’re not on the list, that’s a red flag and it’s best not to proceed with the loan.

Step 2: Call or Apply Online

You can apply for a foreigner loan without leaving your home. Simply visit our website and fill out the application form.

Step 3: Visit The Office For In-Person Consultation

Our loan officer will schedule an appointment for you. The officer will discuss the terms and conditions of the loan in a language you understand. Don’t be afraid to ask questions to clarify any vague details.

Step 4: Receive Your Cash Within The Same Day

Once you’ve signed the loan contract, you will receive your cash instantly.

How Can 1 Fullerton Credit Help You?

1 Fullerton Credit has been providing tailored loan packages to assist borrowers with financial difficulties since 2009. They operate strictly under the rules and regulations set by the Ministry of Law. They offer fair interest rates on personal loans, payday advances as well as other products for eligible applicants who need it most today

Conclusion

Find yourself in a difficult financial situation? Personal Loan Bishan can provide you with the loans that you need! Just visit us, among the top 10 licensed money lenders near Bishan to help you get immediate funding! Contact us at 6588 1866 to speak with our friendly loan officers.