Ang Mo Kio, more commonly known as AMK, is a residential region in the North-East of Singapore. It is ranked the 8th place of its occupants of Singapore’s overall population. The name Ang Mo Kio in Hokkien literally translates to “red-haired man’s bridge”, where ang mo is a colloquial term for a Caucasian person.
While it may not be the hippest part of town, you get to live in a very lively community. You have easy access to transport links, green parks as well as excellent eateries.
What are Personal Loans?
A personal loan is a lump sum amount of money that you can borrow from a lender, bank, credit union, or private money lender agency.
Unlike a car loan or a student loan that comes with much stricter terms and conditions, personal loans are much more versatile. It can cover you for any advances that you need – medical bills, car maintenance, wedding preparations, and even a holiday.
Taking out Personal Loans with a Licensed Moneylender
There are many reasons why taking out a personal loan with a licensed moneylender is a good idea. A licensed lender is registered with the Singapore Ministry of Law, ensuring that all their activities are in line with the rules and regulations set by them.
In addition, a licensed lender will be able to approve and disburse the loan in a very short period of time, with some lenders like A1 Credit taking only an hour to approve the loan.
Below are the top reasons why taking a personal loan from a licensed lender is a good choice:
- Interest rates are fixed
- You do not need an excellent credit score to be eligible
- Quick approval from lenders
- They help you to pay off high-interest debts; credit cards
Applying for a Personal Loan with A1 Credit
A1 Credit offers personal loans from $500 up to $50,000. However, the amount cannot exceed 6 times your monthly income. If you are 18 and above, have a minimum monthly income of $1500 and are not an undischarged bankrupt, you may apply here. It only requires a few steps.
- Get your application through their website or a phone call
- Get your first approval (usually through phone calls)
- In-person consultation
- Signing the agreement
- Receive your cash
All you need to do is bring the following documents, and your application would be processed even quicker:
- Identity card / NRIC
- Proof of residence (utility bill, a letter addressed to you, and/or tenancy agreement)
- Proof of employment (certificate of employment or 3 months recent payslip)
- SingPass ( to log into CPF, HDB, IRAS website)
There is no other than A1 Credit. They offer you a top-notch service. Customers would only have to wait up to an hour to get their loans approved. Clients also do not have to worry about privacy invasion. As a highly rated money lender by Loan Advisor, all of your information is safe and secure with them. Check out Ang Mo Kio Money Lender for your personal loans today!
Give a call to them at +65 63360833 to apply.