Licensed Money Lender Personal Loan Chinatown

Singapore’s Chinatown is one of the country’s most renowned districts. Although Singapore is predominantly Chinese nowadays, Chinatown still manages to stand out with its traditional Chinese charm that attracts locals and foreigners alike.

Foodies who want to sample authentic Singaporean cuisine can head over to Maxwell Food Centre or Chinatown Complex. For those who want to bring home souvenirs, the perfect place to get them is Pagoda Street.

Of course, as an ex-pat or tourist, the worst thing you can deal with in a foreign land is a shortage of funds. Thankfully, licensed moneylenders near Chinatown are here to help.

What is a foreigner loan and how does it work?

A foreigner loan is a loan that specifically caters to a foreigner’s needs. Understandably, moving or travelling to a foreign country can be daunting and it may come with a few financial setbacks.

This is where foreigner loans come in. Here are the amounts that you can borrow based on your annual income:

Less than SGD 10,000: $500
At least SGD 10,000 but less than SGD 20,000: $3,000
At least SGD 20,000: Up to 6x your monthly paycheck

Advantages of taking a foreigner loan with money lender

Fast approval process: Getting approved for a foreigner loan is fast as long as you meet the eligibility requirements and you have a complete set of documents. Typically, your application is processed in an hour or less upon submission.
Easy-to-meet requirements: For eligibility, you must be at least 18 years old and have a minimum monthly income of SGD 2,000.

As for the documents, you must have your: passport, employment pass / S-pass / work permit, proof of employment, proof of residence, 3 latest payslips, proof of income, and SingPass.

Reasonable interest rates: All licensed moneylenders in Singapore can only charge up to 4% in interest based on the Ministry of Law’s provisions.
Customizable loan plans: We are thoroughly aware that each borrower that comes to us has a different situation. This is why we do our best to customize our loan plans to meet our clients’ unique needs.

How to apply?

Think a foreigner loan is the right solution for you? Here’s how you can apply for one:

Contact 1 Fullerton Credit: You can reach us online through our website or email. You can also call us if you prefer to speak with a loan officer.
Attend the scheduled appointment: Upon receiving your application, we will schedule an in-person meeting so we can customize your loan plan.
Get cash: Go over the contract’s terms and conditions. If all is good, you can sign it and get the cash right away.

How can 1 Fullerton Credit help you?

1 Fullerton Credit is here to fulfil our promise, which is to be our clients’ hero in times of dire financial need — whether they’re a local or a foreigner.

All of our loan plans abide by the Moneylenders Act, so you can be sure that all our fees and interests are only within their bounds.

Conclusion

If you’re wondering, “Where can I find a licensed money lender near me,” make sure that you put 1 Fullerton Credit on your map. If you need a loan, Personal Loan Chinatown can assist you with your financial needs.