Licensed Moneylender Personal Loan Tanglin

A place known for grand houses, foreign embassies, lush greenery, and Singapore Botanic Garden – Tanglin is perfect for leisure walks and sightseeing. And if you are looking to visit and indulge yourself with what Tanglin has to offer, 1 Fullerton Credit can help you get a fast cash loan for your travel and shopping needs. 

Advantages of Taking a Personal Loan With Moneylender

The advantage of applying for a personal loan with a moneylender can be seen in its difference with banks and other financing institutions.

• Licensed moneylenders will not require a good credit score, although it will help to have a good one to build trust. Banks, on the other hand, will require you to have a good credit score for any loan application.
• They are less stringent with criteria and requirements. For example, they have a lower minimum annual income requirement compared to banks. They will also require fewer documents than banks because of their more relaxed criteria.
• They have a faster application and approval process. This usually takes several business days in banks; for moneylenders, this will take as fast as 1 hour. You can also get your cash disbursement on the day of approval itself.

Steps of Applying for a Personal Loan

First, you need to meet the eligibility criteria:

• At least 21 years old
• Singapore resident/PR or Foreigner
• With a minimum salary of SGD 2,000 for local and permanent residents and SGD 3,000 for foreigners

After meeting the criteria, you need to bring the required documents with you on the date of application:

• Identity card
• Proof of residence
• Proof of employment
• Recent 3 months payslip
• SingPass to log in to CPF, HBD, and IRAS website
• Passport (Foreigner)
• Proof of income (Foreigner)
• Work permit/S-Pass/ Employment Pass (Foreigner)

First, your maximum loan amount depends on your monthly/annual salary. If your annual salary is at least SGD 20,000, you can loan up to 6 times of your monthly salary. If your yearly salary is at least SGD 10,000 but less than SGD 20,000, you can still borrow up to SGD 3,000.

Second is that moneylenders have their differences when it comes to criteria and required documents, so it is important to inquire with the licensed moneylender of your choice and ask for details.

How Can Our Company Help You?

With our motto “borrowing money made easy”, 1 Fullerton Credit offers legal, quick and affordable loan plans for your financial needs. 

Being established in 2009, we are one of the most reputable moneylenders in Singapore, which means that you can expect excellent service from us, as attested by our previous clients in their feedback. 

We aim to cater every client in need, regardless of credit scores, nationality, and income. 

Lastly, we provide a fair and transparent service aimed at making you feel comfortable and safe in your loan transaction.

Conclusion

Applying for a personal loan with a licensed moneylender is an option that proves safety and comfort that other financial institutions, such as banks, provide. Tanglin Licensed Money Lender can assist you with the loans that you need. 

However, moneylenders offer a less stringent and more relaxed approval process, aimed at quickly helping clients get a fast cash loan.

1 Fullerton Credit is always here to give a legal and hassle-free loan application experience. Contact us at 6588 1886, or you may send us an email at enquiry@1fullertoncredit.com.sg. You can also visit our office at 110A Telok Ayer St, Singapore 068579.