Licensed Money Lender Personal Loan Joo Chiat

Joo Chiat refers to the areas along Joo Chiat Road. This road was named after a plantation owner and a philanthropist, Chew Joo Chiat, and it runs from Katong all the way to Geylang. It is widely acknowledged for its multicultural heritage, particularly that of Peranakan culture.

A trip to Joo Chiat isn’t complete without visiting the Peranakan Houses at Koon Seng Road. Further south, towards East Coast Road, you can check out Katong’s popular dining spots, like Sinpopo Brand, Homeground Coffee Roasters, and Awfully Chocolate Bakery & Cafe.

If you ever find yourself needing some extra cash, you may look into the different types of loans offered by licensed moneylenders.

Some loans you can apply for in Singapore

A1 Credit offers 5 different loans to meet our borrowers’ specific needs. These are:

#1: Personal loan

• Purpose: Personal loans can be used as funding for almost anything. Examples include medical emergencies, home renovations, weddings, and even debt consolidation.
• Loan amount: SGD 500 to SGD 50,000; up to 6x your monthly salary if annual income is above SGD 24,000
• Interest rates: 1 to 4% per month
• Repayment period: 6 to 12 months

#2: Payday loan

• Purpose: A payday loan is a short-term loan that amounts to your monthly paycheck. Oftentimes, it is used for emergencies, or for situations that cannot wait until the next payday.
• Loan amount: A month’s worth of your salary
• Interest rates: 1 to 4% per month
• Repayment period: 1 month (your next payday)

#3: Bridging loan

• Purpose: Bridging loans are specifically targeted to customers who need funding to purchase new property. It can also be used for property upgrades.
• Loan amount: SGD 5,000 to SGD 200,000; up to 6x your monthly salary if annual income is above SGD 24,000
• Interest rates: 1 to 4% per month
• Repayment period: As little as 1 month, or until the property completion date

#4: Business loan

• Purpose: Business loans are used for funding new businesses, as well as business expansions and equipment upgrades. It can also be used to keep the business afloat when an economic crisis hits.
• Loan amount: SGD 10,000 to SGD 200,000
• Interest rates: 5 to 15% per month
• Repayment period: 12 to 24 months

#5: Foreigner loan

• Purpose: A foreigner loan is a personal loan that’s specifically for foreigners and ex-pats. Thus, foreigners may avail of it for whatever situation they deem fit.
• Loan amount: SGD 500 for annual incomes of SGD 10,000 and less; SGD 3,000 for annual incomes of more than SGD 10,000 but less than SGD 20,000; up to 6x the monthly salary for annual incomes above SGD 30,000
• Interest rates: 1 to 4% per month
• Repayment period: 6 to 12 months

How can A1 Credit help you?

With an average rating of 4.9 stars on Google Reviews, A1 Credit is indeed one of the most trustworthy moneylenders in the industry.

Ever since we began our journey in 2009, we’ve always made sure that we abide by all the rules set by the Ministry of Law and the Moneylenders Act. No matter what your credit history is, A1 Credit is ready to help you solve any financial issues that you may have.

Conclusion

A1 Credit makes it easy for anyone to get cash the moment they need it. Make sure that you go to a Licensed Money Lender Joo Chiat that offers the right loan type for your unique case. Trust Personal Loan Joo Chiat to help you with the loans that you need!

Contact us at 6336 0833 or enquiry@a1credit.sg to work with us.