Licensed Money Lender Personal Loan Braddell

Braddell usually refers to the MRT station located within the Toa Payoh planning area. There are also roads in the neighbourhood that have the same name, like Braddell Road, Braddell Hill, and Braddell Rise.

While you’re there, you can go for a quick stroll at the Toa Payoh Sensory Park, then have snacks at the Toa Payoh Lorong 5 Food Centre. For those who have a sweet tooth, don’t forget to have ice cream at Creamier Handcrafted Ice Cream and Coffee!

Should you ever come up financially short before your payday, you can borrow from a licensed moneylender near Braddell.

What is a payday loan?

A payday loan is a loan type that allows you to borrow a month’s worth of your salary before your next payday.

It is a short-term loan that’s meant to be repaid when your next payslip comes. This is often a go-to solution for emergency situations, but it can be used for just about anything.

Advantages and risks of taking a payday loan

Most loan types have their pros and cons. It’s up to you to determine whether a particular loan is the best way to overcome your situation.

Listed below are the common advantages and risks of payday loans:

Advantages:

• Immediate cash: Get cash as soon as you sign the loan contract!
• Affordable interest rates: Payback with no extra challenges, since interests are only up to 4% as advised by the Ministry of Law.
• Emergency saviour: Easily cover emergency expenses when you’re short on funds.
• Irrelevance of credit history: Get approved even if you don’t have the best credit score.

Risks:

• Snowballing debt: Inability to pay back on time can cause your debt to snowball into a much bigger amount.
• Effect on credit score: While you can get a payday loan even with unsatisfactory credit, it can have an unwanted impact on your credit history if you fail to repay on time.

How to get a payday loan?

Eligibility

• Age: Must be at least 21 years old
• Minimum monthly income (Singaporeans): SGD 2,000
• Minimum monthly income (Foreigners): SGD 3,000

Requirements

Singaporeans & Permanent Residents (PR)

• NRIC / ID card
• Proof of residence
• Proof of employment
• SingPass

Foreigners

• Passport
• Employment pass / S-Pass / work permit
• Proof of residence
• Proof of employment
• Proof of income
• SingPass

Steps

1. Apply from anywhere: You can apply for a payday loan with us through our website, e-mail, or phone.
2. Discuss loan plan in person: After we’ve processed your application, we’ll need you to come to our office. This will allow us to further customize your loan plan together.
3. Get your payday loan: After going through the terms and conditions and signing the contract, you can get your payday loan within minutes.

How can A1 Credit help you?

A1 Credit has established itself as one of the most trustworthy moneylenders in the country. Indeed, we’re the one to call if you need a Licensed Money Lender near Braddell.

Having been in the money lending business for over a decade, our team is composed of very experienced loan experts who know the best ways to help various types of borrowers.

Contact us at 6336 0833 or enquiry@a1credit.sg to get the best payday loan plans. You can also visit us at Braddell Money Lender Singapore.