Licensed Money Lender Personal Loan Rochor

One can never go on in just a day to explore the colourful Rochor. From famous Haji Lane’s eccentric vibe for coffee, art, and fashion to Xcape for the best real escape rooms, Rochor’s neighbourhood is for the free-spirited. 

And while Singapore’s central area is one of the busiest, it is also home to several workers away from their homeland. This is why it’s necessary to acknowledge foreigners driving the country’s economy. 

So, if you find yourself in Rochor and a bit short on cash while travelling or making ends meet, here’s how we can help.

What is foreigner loan, and how does it work?

A foreigner loan is a type of personal loan but is dedicated to foreigners with different eligibility and requirements compared to Singapore nationals. The interest rate is the same with personal loan, which is from 1-4% monthly.

The loan aims to help foreigners, regardless of nationality, in various financial difficulties such as living adjustment expenses, home rental deposits, medical bills, and the like. 

There are many options for foreigners seeking financial assistance, and it would be smart to consider authorized and legal moneylenders whenever they need emergency cash. 

Eligibility and requirements for foreigner loan application:

• A valid Singapore work permit/pass
• Must be 21 years old and above
• Must have a stable job in Singapore
• Proof of residency such as tenancy agreement/ billing letter
• Bank statement with active transactions from the past three months
• Recent three months of payslip from current employment
• Singpass (To download IRAS NOA)

Advantages of taking a foreigner loan with a money lender

Because availing loans for foreigners may be daunting, it would be easier and more convenient if you choose to seek assistance from a licensed moneylender. Here’s why:

• Some lending companies are open from Monday to Sunday, meaning they are more convenient and accessible, unlike most banks. You can even apply for your loan online, and in just a few steps, you can send your application in no time.
• If you have submitted your requirements already, you can expect your application can be easily approved in as fast as an hour.
• Most licensed lenders offer lower interest rates, depending on how much and how long a borrower is going to pay. Keep in mind that collaterals aren’t necessary for loan accreditation, and your application is guaranteed to be free from hidden charges.

Getting a loan only takes a few steps!

1. Apply

Reach out to us via walk-in, phone call, or online.

• Call us at 6588 1886
• Visit our website here. (You’ll receive a phone call from our loan officers within 30 minutes)

2. First Approval

If you seek a loan over the phone, we will ask you some preliminary questions to determine your eligibility. Once eligibility has been satisfied, we will invite you to our office to get to know you better and personally explain our loan terms. 

3. In-Person Consultation

At our office, you can ask any questions or clarify your doubts with us. You will also be required to present your documents for our verification. Upon examining your case, our friendly loan officer will offer you an amount and explain the loan terms and conditions for you to understand fully.

4. Signing The Agreement

Once you agree to the loan amount and repayment terms, our loan officer will print out the contract for you to sign.

5. Recieve Your Cash Loan

Once the contract is signed, you will receive the cash on the spot, hassle-free.

Why us? 

1 Fullerton Credit is one of the best licensed money lenders in Singapore. With a greatly experienced team from Rochor Money Lender, we assure to provide a wide variety of solutions for every borrower that needs cash conveniently with the lightest and easiest repayments possible. For applications and inquiries, feel free to call us!