Licensed Money Lender Personal Loan East Coast

East Coast Park is a world-class sporting destination where locals and tourists alike can enjoy biking, roller blading, cable skiing, water sports or just enjoying the sun. For more extreme pursuits, try out skateboarding at Xtreme SkatePark with their world-class ramps!

If you’re on the East Coast and need extra cash, consider getting a short-term loan from a licensed moneylender!

How to choose a good moneylender near me

With the numerous financing options for emergency purposes available in Singapore, seeking a moneylender is a smarter choice for various reasons. But how do we actually select a good one?

Licensing and Reputation

The most crucial factor in getting any loan from a moneylender is to determine if it is licensed. Illegal moneylenders or loan sharks continue to be a rampant problem in Singapore. They will place you in a debt trap with their unreasonable interest rates and resort to harassment and violence.

To check if your moneylender is licensed, head on to the Ministry of Law’s website to view their updated list of licensed moneylenders.

Another way to verify legitimacy is by going to the website and Google reviews. Clients’ experience is a compelling way to determine how the moneylender does business and how efficient their services are.  Doing this will help you better understand if the moneylender suits your preferences.

Flexible Packages and Repayment Plans

The best money lenders will help you address your unique financial needs. Since there are different reasons for seeking a moneylender, they must also offer various loan types to meet these demands. Customising loan terms and requirements will make the repayment less stressful as possible. 

Interest Rates

In compliance with the Moneylenders Act, a licensed moneylender must offer the lowest possible interest rate from 1-4%. This rate can even be lower depending on the flexibility of the loan type and its terms. Consider the loan term and fees with the interest rate when choosing your moneylender.

How to apply for a loan

• Step 1: Determine the amount.

When applying for a loan, remember that the total amount you’ll be paying by the end of the term consists of the principal amount, interest payments, and any administrative or processing fees.

Don’t borrow an amount that you won’t be able to repay. You should assess your financial situation and be conservative in determining your future cash inflows.

• Step 2: Check the requirements

Before submitting your loan application form, you should check your eligibility and prepare the requirements corresponding to the loan you plan to borrow.

• Step 3: Submit Application

Submitting a loan application form with a moneylender is easy. You can accomplish one in the comfort of your home by visiting your moneylender’s website.

Your money lender will ask for your name, HP No., loan amount desired, and monthly income.

• Step 4: Read the terms & conditions

To finalize the loan contract, you have to visit your moneylender’s office. Its representative will discuss your contract’s terms and conditions, but you should also read it thoroughly and ask the questions you might have.

Once you’ve signed your papers, you’ll be able to get your cash immediately!

Conclusion

A1 Credit is a reputable and highly-trusted licensed moneylender near East Coast. Our team of friendly and professional experts aims to offer you the best loan which fits your financial situation. We promise to provide you with the most flexible and lightest repayment schemes. We strive to be the best Money Lender East Coast for you. Book an appointment today!