Licensed Money Lender Personal Loan Eunos

How Do You Know If You’re Working With a Licensed Money Lender?

Advertising Style

Licensed moneylenders in Singapore follow the rules and regulations. You won’t be working with “ah longs.” Singapore’s Ministry of Law oversees all licensed moneylender activities, including their advertising methods.

If a licensed moneylender reached out to you through social media chats, SMS, or calls, disregard using them despite their lofty propositions. All licensed moneylenders can only advertise through their website, existing properties, and business or consumer directories (in print or online media).

Registered and Licensed

The Registry of Moneylenders under the Ministry of Law can show you all the license numbers and registration of every licensed moneylender in Singapore. You’ll find 365 Credit Solutions plus other reputable licensed moneylenders who can grant you cash the same day.

If your chosen moneylender cannot present their license number and does not exist within the Registry of Moneylenders, reconsider using their services to avoid long-term disappointment and troubles with illicit ah longs.

Friendly and Helpful Staff

Lastly, well-trained staff will assist you throughout the loan process. Each understands the staff and customer’s responsibilities and will brief you on your rights and responsibilities as a borrower. Ah longs never bother to tell you anything about your contract — and they can even change their terms at any time.

Helpful staff will tell you that your contract is binding and will ensure they respect your rights. Plus, they’ll walk you through the entire loan review and release process. In most review websites, licensed moneylenders with top ratings have reviewers who remember the staff or person who had greatly helped them in the entire application process.

Things To Consider Before Applying for Personal Loans

Singapore moneylenders can only lend to borrowers who are:

21 yearsof age

Earning S $1,500 for Singaporeans and PRs, S$2,000 for foreign workers

You’ll need to submit the following requirements too. These are common for most licensed moneylenders:

NRIC or identity card (Work Permit/S-Pass/Employment Pass for Foreign Workers)

Utility bills, credit card statements, letters addressed to you as proof of residence

Certificate of employment or Company ID

3 months recent payslip

Bank statement

Singpass

Why Choose 365 Credit Solutions

With more than a decade of professional licensed money lending services in Singapore, you can always count on 365 Credit Solutions to provide you with the best financial services. If you need a personal loan, you can count on Eunos Personal Loan to provide you with the best loan packages! Besides 365 Credit personal loans, we can provide startup business loans, payday loans, and other financial products that are suitable and fully customized for our customers.

Visit our website or call us today at 6222 5500 to learn more about everything that we can do for you.