Licensed Money Lender Personal Loan Serangoon

Serangoon

Serangoon is an area located in the North region of Singapore and is a mature housing state. The locality includes good local eateries at Chomp Chomp, all along Kensington Park Road and Serangoon Garden Way. The Country Club present here has an Olympic-sized swimming pool, water play area, gym, and bowling alley. The majority of residents living in the area are Indians.

What is a payday loan?

A payday loan in Singapore is a short-term loan that can help you with your immediate cash requirements until you get your next paycheck. The entire process of application can be complete in a very small time, and approval for this is also fast, usually within an hour. It is also known by several other names such as the fast cash or the short term loan.

The advantages of taking a payday loan

1. Easily Accessible: The most important advantage is that they are easy to access. Most of the lenders give an immediate decision regarding the loan approval and give the cash within an hour duration.

Hence, unlike traditional loans, this payday loan gives quicker access to cash.

2. Fewer Document Requirements: Documents required to apply for this loan is much lesser than any traditional known. Here is a list of document that you will need:

Singaporean / Permanent Residents (Minimum Income > $2,000)

• Identity Card / NRIC
• Proof of Residence 
• Tenancy Agreement
• Employment letter and recent 3 months payslip
• Know your SingPass

For Foreigners (Minimum Income > $3,000)​

• Work Permit / S-Pass / Employment Pass
• Passport​
• Proof of Employment
• Recent 3 months payslip
• Proof of Residence
• Latest bank statement of account to which salary is credited
• SingPass

3. No Credit History Checked: While checking your application, a loan officer does not solely consider your credit history. Hence, this could be a great way to improve the credit score by paying the loan on time. 

4. Unsecured Loan: Unlike some other loans, this loan doesn’t need to be secured by personal property. This means if you are unable to pay the loan the lenders can’t seize your property.

How to get a payday loan from us?

With 1 Fullerton Credit, applying for a payday loan is as easy as stated above. They create a customized plan that fits your needs and repayment ability. They don’t have any hidden fees and clearly states all the payment and permit fees in the contract. 

You must be at least 21 years old, have a minimum salary of $2,000 (local/PR) or $3,000 (foreigners) to be eligible for a payday loan with them. 

Why get from us?

The friendly staff at 1 Fullerton Credit make sure that they are always there to help and answer all the queries you have. Serangoon Money Lender Singapore will readily assist you with the loans that you need. They are often recommended by customers. The review can be found on Google and the Loan Advisor. People often find that their interest rates are less as compared to other lenders. 

You can reach them out online or by just giving them a call at 6588 1886.