Yew Tee is a residential area located in Choa Chu Kang. Before, the area was simply referred to as Choa Chu Kang North. When a MRT station was built there, it was named Yew Tee in reference to the old village’s name.
Over time, people began calling the area Yew Tee again. Yew Tee’s proximity to Mandai Road gives it easy access to attractions like Mandai Trail and the Upper Seletar Reservoir, where you will find Singapore Zoo, Night Safari, and River Wonders.
For those who need some extra help with their finances, fortunately for you, there are some trusted moneylenders in Yew Tee that offer great loan plans.
How to choose the best moneylender near me?
- Check if they’re licensed: The first foolproof way to know for sure that you’re dealing with a legitimate moneylender is to check if they are in the Ministry of Law’s list of licensed moneylenders.
- Assess their practices: Licensed moneylenders have certain guidelines that they must always abide by. You can double-check if they’re acting within the legal boundaries by reading the Ministry of Law’s borrower’s guide.
- Study their loan offers: Moneylenders generally have loans that they specialize in. Thus, it’s highly recommended to shop for various options so you can see which one offers the best deal for your case.
- Read customer reviews: Former customers’ opinions often reveal what it’s like to work with a particular moneylender. It’s a good idea to check for reviews so you know what you’re getting yourself into.
How to apply for the loan?
Listed below are 4 steps that will ensure that your loan application process will go as smoothly as possible:
Step 1: Assess how much you need
You can help a moneylender speed up their assessment of your situation by knowing the approximate amount that you’ll need to loan.
Step 2: Go over the moneylender’s requirements
With the exception of business loans, most loans have pretty much the same requirements. These include: NRIC / ID card, proof of residence, proof of employment, and SingPass. For foreigners, additional requirements include passport, E-pass / S-pass / work permit, and proof of income.
Step 3: Submit application
Licensed moneylenders have a website where you can easily fill out an application form on their homepage. You can also contact them by phone if you prefer to speak to their representatives.
Step 4: Review the loan contract
Upon attending the appointment, the moneylender will discuss the details of your loan with you. You’ll be asked to review the contract before proceeding. If you agree to what it says, you can get your money shortly after signing.
How can A1 Credit help you?
A1 Credit has been providing loans to individuals and businesses since 2009. Over the years, we’ve dealt with all sorts of customer needs. This has given us the experience that now allows us to determine the most suitable plan based on our customer’s unique circumstances.
If you’ve gone over your options and figured out that getting a loan is the best solution for you, you can trust that a Licensed Money Lender Yew Tee will deliver on their commitments.