Top 10 Licensed Moneylenders Review in Singapore

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Top 10 Licensed Moneylenders Review In Singapore
(Latest Update)
If youre strapped for cash, you need a
trustworthy financial partner that will help you
quickly. Did you know that other than banks,
there are licensed moneylenders as well?
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• However, many people are wary of reaching out to
  licensed moneylenders. Its okay, we understand
  how daunting that sounds. You never know if they
  are scams.
• For one, they believe borrowing money is
  shameful also, with the slew of Ah Long stories
  in the media recently, some people are skeptical
  about moneylenders.
• However, not all are bad eggs. The best licensed
  moneylenders in Singapore do have stellar
  reputations. These agencies have been helping
  people of all income levels through awful
  tragedies and through happy times.
• A MinLaw License
• Its paramount that you work with a licensed
  moneylender and not a loan shark. Ah Long are
  extremely dangerous, so they resort to all sorts
  of tactics to squeeze more money from you.
• Having a MinLaw license is the best indication
  that they are a legal financial institution that
  can help you.
• By comparison, a licensed moneylender is
  compelled to respect laws that protect you from
  harm. This means that they will never harass you
  or threaten you.
• Heres an example. Imagine missing a loan
  installment or having difficulties with your loan
  repayment. A loan shark will likely use force,
  threats and blackmail you.
• On the other hand, licensed moneylenders will be
  understanding and go through due diligence which
  includes renegotiating your payment
• terms and help you get through.

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People who apply for loans usually want to get a
large amount, meagre interest and convenient
tenure. In practice, the principal amount,
interest rate and term are interdependent. These
factors also correlate with your current
financial position and credit history. Thats
the bad news. You wont get a massive amount
with 0.01 interest and a convenient tenure in
most cases. Youll have to be prepared for some
compromises but ensure your loan officer
balances these factors in the best way
possible. So make sure You can repay the
monthly installments comfortably, without
horrible sacrifices. Youre comfortable with
the tenure so, that repayment period isnt
unnecessarily long but also not too short of
destabilising you. Youre treated fairly and
according to MinLaws rules.
3. Reputation Of The Financial Institutions Altho
ugh licensed moneylenders have MinLaws
accreditation, they dont all use similar
business models. For instance, some licensed
lenders have a higher risk appetite. Some cater
to low-income people who need fast assistance,
while others cater to high- income individuals
who want long-term loans. For some, they are
even so advanced that they have been awarded the
FinTech License by the Singapore FinTech
Association. So its essential to pick a
licensed moneylender that will fit your needs and
profile. You need someone with a good reputation,
but in the area that interests you specifically.
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Heres what you have to do Read customer
reviews. Ask yourself whether your customer
profile is similar to people who offer four or
five-star reviews or to those whove given the
agency low ratings. Compare licensed
moneylenders. Do they have experience in your
field? What do they specialise in? Read their
websites carefully to find the answers to these
questions before committing. Trustworthy
Licensed Moneylenders Singapore . Lending Bee
Long Tenures And Higher Loan Amounts
Lending Bee is one of the best moneylenders
Singapore offers, thanks to its high loan
amounts, long tenures, and versatile offers. With
4 branches in Singapore, they are also one of the
few companies in Singapore to hold a FinTech
License. 2. Credit 21 Pte. Ltd. Customised
Emergency Loan Options
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Credit 21 Pte. Ltd. is another trustworthy
licensed moneylender in Singapore. This agency
has a strong business culture that focuses on
customers needs. Heres how Credit 21 puts your
problems first 3. GS Credit Pte. Ltd. Best For
Emergency Loans
GS Credit is another licensed moneylender that
you can put your faith in. The proof is brought
to you by a slew of 5-star reviews you can find
on speciality forums. 4. Katong Credit Pte.
Ltd. Best Fast Cash Solutions For Bad Credit
Katong Credit is a well-known licensed
moneylender in Singapore. Because its core values
are trust and integrity, its incredible work
ethic translates into numerous happy customers in
Singapore. 5. Horison Credit Pte. Ltd. Best For
No-Fuss Eligibility
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If youre looking for a licensed moneylender with
a long tradition of helping people, Singapores
Horison Credit fits the bill perfectly. Horison
Credit prides itself on customised loan solutions
and always going on the extra mile to help its
customers. 6. 1AP Capital Pte. Ltd. Same-Day
Cash
This is one of the most reliable licensed
moneylenders in Singapore. With all the required
documents, they are able to disburse your cash on
the spot. Customer satisfaction is their main
priority and they strongly believe that getting
the right financial help should not be
difficult. 7. U Credit (Pte.) Ltd Transparent
With Competitors Rates
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U-Credit boasts most of the same advantageous
features weve seen with its competitors
above. For example, their interest rates are
very affordable. Also, U Credit has devised
different loan packages that fit people of highly
varied financial situations, especially for
families in Singapore. 8. CreditMaster Pte.
Ltd. Researched-Backed Loan Solutions
CreditMaster is an excellent choice because it
has a long tradition in Singapore and almost 100
customer satisfaction. As a result, nearly all of
their new clients get to CreditMaster through
referrals. They are definitely masters at loan
products in Singapore. Heres the secret of this
guaranteed customer satisfaction 9. BST Credit
gt500 Positive Google Reviews
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BST stands for Begin with Service and Trust,
and over the years, they have definitely lived by
it, earning such a high number of good Google
reviews. BST Credit aims to provide fast access
to cash at flexible terms. They tailor all of
their loan packages to suit the needs of their
customers, especially if they are caught in a
tricky situation. 10. Credit Thirty3 Pte. Ltd.
Versatile Loan Options
Credit Thirty3 offers its own personal loan
calculator and numerous loan products for
all. They are one of the most competent and
trustworthy licensed moneylenders in Singapore.
Staff at Credit Thirty3 treat all customers with
the utmost respect and aim to review their loan
applications as soon as possible.