Licensed Money Lender Personal Loan Changi

Changi is a town that has been known for its serene beaches and vintage museums. It’s also home to some of Singapore’s most iconic landmarks, including the international airport!

Here are some of our recommended places to explore within the area:

Changi Museum – A must-see for anyone who wants to learn more about Singapore’s history.
Changi beach – Changi beach is a perfect place for all sorts of activities, from long walks and camping trips to swimming.
Changi International Airport T1 – A relaxing break at the swimming pool and jacuzzi, or a refreshing rooftop view are all available for travellers in Terminal 1.

In case you need urgent cash, licensed moneylenders near the area are also available from Mondays to Sundays.

How to identify a licensed moneylender?

Singapore law mandates licensed moneylenders to elaborate and discuss the terms of their loan in a language clients can easily understand;
If a lender hands you a contract and refuses to explain the terms in the language that cannot follow, you may be dealing with a loan shark;
Licensed moneylenders also always have you sign a contract. It must be a printed copy and include information on the interest rate, late payment fees, the repayment period, and all the necessary details;
As legal moneylenders must follow the rule under the Ministry of Law, they are required to observe Singapore’s guidelines on interest rates. A moneylender must never charge higher than the advised 4% interest rate and must also only charge three types of fees aside from the interest, late payment fees, up-front service fees, and legal fees from a court challenge; moreover
Loan sharks may not have a physical office, unlike licensed ones. To easily verify whether your potential lender is listed on the Ministry of Law website, click here.

What to consider when taking a loan?

When choosing a loan, you have to understand a few things first. Note that these deals vary and you have to do your research to achieve a hassle-free and less time-consuming application.

There are different kinds of loan options available (from personal, business, equity, and auto loans.) You must be aware of its differences as well as the similarities so you can easily determine which one fits and suits your financial demands. Knowing which is more applicable to you can help you lessen the load on applications.
Loan amount depends on your income. Know that the money lenders assess the borrowers’ ability to repay the loan by checking your proof of income. Your monthly income and credit report play a big role in determining your loan amount.
Be mindful of the interest rates and other processing fees. Knowing the duration of your loan or the repayment period, as well as the repayment amount is also vital.

How can 1 Fullerton Credit help you?

Our mission here at 1 Fullerton Credit is to consistently stick to our tagline and promise, which is: “Borrowing money made easy.”

If we’re being real, no one wants to end up in a position where they’ll need to borrow money to support themselves. Our job is to make it convenient for our customers to overcome their financial burdens using our customizable loan plans.

Conclusion

1 Fullerton Credit is a licensed lender that can help you secure easy approval on any of our loan plans. We offer flexible repayment options so all levels of customers are catered to. Apply for a personal loan in Singapore when you need it! Call them at 6588 1886 or send an email to enquiry@1fullertoncredit.com.sg. You can also visit Licensed Money Lender Changi today to get assistance for your financial needs!