Licensed Money Lender Personal Loan Shenton Way

Shenton Way

Shenton way is a trunk road in the Central area of Singapore. It is known for having commercial skyscrapers on both sides of the road. It is known to be the wall street of Singapore and is a prime commercial area. The atmosphere of this area is upbeat, vibrant, and refreshing.

Advantages of taking a loan with a money lender

It is suggested to take a loan only from a licensed moneylender, and there are various reasons behind this suggestion. To list a few of them:

1. No harassment: For money lenders in Singapore, there is some strict lending law laid by the government. All the moneylenders must follow all of these rules, failing to do so can have some consequences like monetary fines and revoking their licenses. Partnering with a licensed money lender means that you will not have to go through harassment at any point. 
2. A fixed-rate of interest: An unlicensed moneylender can ask you for a high interest-rate or can even pressurize you and increase interest rate when you are unable to repay. A licensed moneylender is always registered under the “Registry of Moneylenders” that indicates the interest rates, fees that they can charge, and the maximum amount that they can lend. These numbers will be honored by moneylender always with no questions.
3. Loan approval is easier: Legal lenders can provide you with a loan in a much quicker way than then an illegitimate lender. Your bad credit history should not be a huge problem. The process with them is also easy and not tedious.

Steps of applying for a loan

There are four easy steps to follow when you apply for a loan with a licensed moneylender:

1. Call or Apply online: After finding a suitable money lender for you, you can start by calling them or by applying and filling a form online. A representative will assist you and set an appointment with you for further process.
2. Visit the office: When visiting the office, a moneylender will explain to you the terms and conditions of taking a loan and also prepare a customized plan that would fit your loan requirements.
3. Finalize the loan: Once you are comfortable with the loan terms, a contract will be generated. It generally states all the payments amount, interest rate, duration of the loan, and all other fees clearly.
4. Receive instant cash: Once the contract process is completed, you will receive the money instantly.

Why us?

At 1 Fullerton Credit, client satisfaction is their first motto and hence they make sure that all the client’s requirements are heard and questions are answered. Applying for a loan with them starts with a simple step of filling a form online or giving them a call at 6588 1886. They want to help everyone who requires financial needs, therefore they provide both secured and unsecured loans. 

Need a loan? Check out Shenton Way Money Lender Singapore!