Licensed Money Lender Personal Loan River Valley

River Valley is found in the Central Area of the Central Region of Singapore. Its residential area consists mainly of private property for high-income earners in the country as a planning area. Singaporeans go to this place for its eating spots. If you are looking for one of the best Hainanese chicken rice, then you may find it in River Valley.

Since the residential spaces in the area are a bit pricey, getting a bridging loan is a good idea if you are eyeing a property but do not have enough cash at hand. Read on if you want to know more about this.

How to choose a good moneylender near me?

Aside from a business license, here are 4 other things that you should consider when you’re searching for moneylenders:

Convenient process: Oftentimes, people who apply for loans need the money right away. Hence, you should work with a licensed moneylender that makes the application process quick and convenient.
Interest rates: The last thing you want to deal with when taking a loan is to get into even more debt. Fortunately, moneylenders in Singapore can only charge up to 4% in interest rates according to the Ministry of Law.
Industry experience: Preferably, you should work with a moneylender that has been in the business for quite a while. This suggests that they’ve had enough time to perfect their processes, and are therefore already efficient at what they do.
Customer reviews: Whether a company is new or old, you can always look at what people have to say about it. If you’re unsure about a particular moneylender, searching for customer reviews should give you a better picture of what they’re like.

How to apply for a loan?

If you’re convinced that taking a loan is the right choice for your current situation, here are the steps that you need to take:

Step 1: Determine the amount

Before anything else, you should know exactly how much you need to borrow. This will not only help the moneylender determine the best plan for you, but it will also help you plan for your repayment strategy.

Step 2: Check the requirements

Licensed moneylenders will need a few documents from you to process your application. The basic ones include your ID card, proof of address, proof of employment, 3 latest payslips, and SingPass.

Step 3: Submit application

Once you’ve decided on your loan amount and gathered the necessary documents, you can now submit your application. This can be done through an online form, email, or phone call.

Step 4: Read the terms & conditions

After discussing your loan plan in person, the moneylender will present a contract based on your current situation. Go over the terms & conditions carefully. If everything looks good, you can sign the contract and get your money within minutes.

How can 1 Fullerton Credit help you?

1 Fullerton Credit has been lending money since 2009. As one of the best personal loans in Singapore moneylenders around, we are experts at providing immediate financial assistance to those who need it. Licensed Money Lender River Valley will take care of your financial needs.