Licensed Money Lender Personal Loan Seletar
Originally a rubber plantation estate, Seletar is now best known for its military airbase by the British Royal Air Force in the 1920s. It is still used as an airbase, and for other aerospace services.
It is located in the Northeast region of Singapore in a secluded location, offering its citizens a peaceful retreat. If you are looking forward to taking a personal loan in Seletar, A1 Credit is right here to help you.
How to Identify a Licensed Money Lender?
While taking a loan in Singapore, it is better to take it from a licensed moneylender to be protected by the country’s Ministry of Law. To be sure that whether a money lender is a licensed lender or a shark bait, the best way is to check the list on the Ministry of Law’s website.
The details like address, telephone number and other information on the Ministry of Law’s website and that provided by the moneylender should match. If they are not the same, you need to be careful.
To make sure that the creditor and borrower, both are protected, the government has put some regulations in place. They make sure that the borrower pays the loan, and the creditor does not ask for an unreasonably high rate of interest. They do not give moneylender an authority to exploit the condition of the borrower.
What to Consider When Taking a Loan?
When you apply for a loan, you need to consider the following:
- Additional Charges: Every loan includes processing fee. A processing fee is not exceeding 10% of the principal of the loan when a loan is granted.
- Interest Rates: The maximum interest rate that a moneylender can charge is 4% per month. This cap applies regardless of the borrower’s income and whether the loan is an unsecured or secured one.
- Loan tenure: Taking a loan for long-duration means you will have to pay more money. Smaller loan tenure means that you might be under a burden to pay more money every month. Loan tenure should be in such a way that the repayment is done comfortably, with minimum interest money.
- Eligibility Criteria: This is the most important criteria to take into consideration, generally to be eligible for a loan you need to be at least 21 years old. Also, there are some other requirements like minimum monthly salary, and few may also require collateral against the loan.
You can easily apply for a loan in Singapore when you consider the above things. A1 Credit is one of the licensed money lenders in Singapore that provides various types of loans. If you’re in need of urgent finances, Seletar Licensed Money Lender can assist you with your loans. They have a quick process for loan approval and have friendly staff. They are also much appreciated by their clients for the same. As per one of their clients on Loan Advisor:
“The staff is very helpful and the loan was approved fast.
They will explain the loan to you patiently and carefully. Would recommend it if you want to take a loan fast. Service is good too!”
You can give them a call at 6336 0833 to get any further information over a phone call or to book an appointment with them.
List of Licensed Money Lender Near Me
Central Region
Licensed Money Lender Personal Loan Aljunied
Licensed Money Lender Personal Loan Balestier
Licensed Money Lender Personal Loan Bishan
Licensed Money Lender Personal Loan Boon Keng
Licensed Money Lender Personal Loan Braddell
Licensed Money Lender Personal Loan Bugis
Licensed Money Lender Personal Loan Bukit Gombak
Licensed Money Lender Personal Loan Bukit Merah
Licensed Money Lender Personal Loan Buona Vista
Licensed Money Lender Personal Loan Chinatown
Licensed Money Lender Personal Loan Commonwealth
Licensed Money Lender Personal Loan Dhoby Ghaut
Licensed Money Lender Personal Loan East Coast
Licensed Money Lender Personal Loan Eunos
Licensed Money Lender Personal Loan Geylang
Licensed Money Lender Personal Loan Holland Village
Licensed Money Lender Personal Loan Jalan Besar
Licensed Money Lender Personal Loan Joo Chiat
Licensed Money Lender Personal Loan Kallang
Licensed Money Lender Personal Loan Katong
Licensed Money Lender Personal Loan Little India
Licensed Money Lender Personal Loan MacPherson
Licensed Money Lender Personal Loan Marine Parade
Licensed Money Lender Personal Loan Novena
Licensed Money Lender Personal Loan Orchard
Licensed Money Lender Personal Loan Outram Park
Licensed Money Lender Personal Loan Potong Pasir
Licensed Money Lender Personal Loan Redhill
Licensed Money Lender Personal Loan River Valley
Licensed Money Lender Personal Loan Rochor
Licensed Money Lender Personal Loan Shenton Way
Licensed Money Lender Personal Loan Tanglin
Licensed Money Lender Personal Loan Tanjong Pagar
Licensed Money Lender Personal Loan Telok Blangah
Licensed Money Lender Personal Loan Thomson
Licensed Money Lender Personal Loan Tiong Bahru
Licensed Money Lender Personal Loan Toa Payoh
North East Region
West Region
Licensed Money Lender Personal Loan Boon Lay
Licensed Money Lender Personal Loan Bukit Panjang
Licensed Money Lender Personal Loan Bukit Timah
Licensed Money Lender Personal Loan Choa Chu Kang
Licensed Money Lender Personal Loan Clementi
Licensed Money Lender Personal Loan Jurong
Licensed Money Lender Personal Loan Jurong East