Licensed Money Lender Personal Loan Redhill

What to see in Redhill Singapore? There are many things you can do while visiting the small town of Redhill. You can experience one of the best organic cafes in Singapore at D’Good Cafe, purchase some unique locally made gifts at the Redhill Shopping Centre and shops by local Singaporean entrepreneurs, or even have your fortune read by a local medium.

Whichever fun you choose to do in Singapore, it’s okay to go beyond your budget because Singaporean licensed money lenders are here to help you find the best solution for your financing needs with fast cash loans.

However, many unscrupulous individuals in Singapore intend to scam you into deep debt. Here are a few things you’ll need to remember before borrowing.

How to Spot An Illegal Lender Quickly?

All of Singapore’s licensed moneylenders have a license number that the Registry of Moneylenders provides. The Registry is responsible for issuing, revoking, and testing would-be licensed money lenders in Singapore. 

Thus, if your prospective lender isn’t on the Registry’s list, you’d best avoid their proposed services no matter how enticing their low interest and “easy” installments are.

1. Prepare Your Borrowing Documents

All licensed money lenders need to identify and verify your eligibility. They won’t use credit scores as data in approving your loan application. 

Make sure to take note of the following eligibility and requirements for fast cash loans.

Eligibility

• At Least 21 Years Old
• Minimum Salary of SGD2,000 for Singaporean Locals & PRs
• Minimum Salary of SGD3,000 for Foreigners Working in Singapore

Requirements

Singaporeans/PRs

• Identity Card
• Proof of residence (utility bill, a letter addressed to you, and or tenancy agreement)
• Proof of employment 
• Recent 3 months payslip
• SingPass 

Foreigners

• Passport
• Work permit / S-Pass / Employment pass
• Proof of residence (utility bill or tenancy agreement)
• Proof of employment 
• Recent 3 months payslip
• Proof of income 

2. Use Collateral When Possible

Banks allow low credit score borrowers to use collateral to reduce their interest rates. Some money lenders allow you to use collateral to reduce their appointed interest rates. 

However, choose your collateral carefully because lenders can stake their claim if you fail to pay back your fast cash loans.

With all precautions considered, you’re ready to borrow from licensed money lenders. But, why use them instead of banks that offer the same services?

Why Choose Licensed Money Lenders For A Fast Cash Loan?

1. Immediate Payout Upon Approval

Licensed money lenders won’t have you go through hoops after they verify your loan approval. Instead, they’ll ask you to head to a branch to claim your cash. And yes, if you pass all your requirements to prove your eligibility, you can get your payout on the same day.

2. Offers a Wide Range of Situation-Compatible Financing

Fast cash loans are just one financial product that licensed money lenders offer. They have special loans for payday cutoffs, business, and bridging the gap between buying and selling a house, to name a few.

3. Easy Requirements

We ask you to look at the list we’ve made above. Those are documents that you already possess. You can borrow fast cash loans at any time, even while you’re having the time of your life in Redhill.

4. Completely-Regulated Activities

The Registry of Moneylenders oversees all activities and financial disputes between licensed money lenders and borrowers. 

Therefore, you have recourse for everything in case you have an issue with your financing.

5. Use The Services of Top-Notch Licensed Money Lenders

365 Credit Solutions continues to be Singapore’s number one money lender for a personal loan in Singapore. Our experience in the industry before regulation ensures that you’re working with a reputable, honest, and genuinely caring money lender. We aim to be your go-to Licensed Money Lender Redhill that can provide you with high-quality financial products!

Visit our website today and apply for a loan now or contact us at info@365credit.com.sg to learn more.