Finding a trusted and reliable money lender can be a crucial task for many individuals and businesses. When it comes to securing loans, you want to ensure you are dealing with licensed professionals who provide clear and fair terms.
If you are near Raffles Place in Singapore, there are several top-rated licensed money lenders available to assist you. These lenders offer various loan options tailored to meet different needs, from personal loans to business financing.
1) Raffles Credit: Licensed Money Lender Singapore Urgent Personal Loan in Singapore | Foreigner Cash Loan
When you step into Raffles Credit, you’re greeted by a friendly and professional team ready to assist you with your financial needs. The office, conveniently located at Circular Road, offers a calm and welcoming atmosphere, making it an ideal spot for discussing personal loans, especially if you’re in urgent need of cash.
The process here is straightforward. After submitting your application, you can get approval typically within 30 minutes. Their loan plans are flexible and tailored to suit individual needs, ensuring that you only borrow what you can comfortably repay. The low-interest rates and easy repayment plans make it a popular choice for many.
You can apply for a loan online or over the phone, but an in-person meeting is required to finalise the terms. This personal touch helps guarantee that you understand all aspects of your loan and can make an informed decision. The team at Raffles Credit is committed to helping you manage your finances wisely.
Rating: 5 (665 reviews)
Location: 17A Circular Rd, Singapore 049373
Contact: +65 6235 1788
Website: https://www.rafflescredit.com.sg/
2) 1 Fullerton Credit: Licensed Money Lender Singapore Telok Ayer Chinatown | Personal Loan Singapore | Foreigner Loan
You’ve got to visit 1 Fullerton Credit if you’re looking for a reliable money lender in Singapore. They are located conveniently in Telok Ayer, close to the hustle and bustle of Chinatown. It’s been around since 2009, helping people with various loan needs, from personal loans to foreigner loans.
Walking into their office, you’ll meet friendly staff ready to assist you. Their loan process is straightforward and efficient. You can apply online or talk to their loan officers. After your in-person consultation, the money is disbursed promptly.
They offer a range of loans, including personal, business, and payday loans. Borrowing is simple and stress-free with transparent terms and low-interest rates. They even have a loan calculator on their website to help you figure out how much you can afford.
Rating: 5 (685 reviews)
Location: 110A Telok Ayer St, Singapore 068579
Contact: +65 6588 1886
Website: https://1fullertoncredit.com.sg/
3) CreditMaster | Top 1 Chinatown Licensed Money Lender | Personal Loan Singapore
When you need a reliable moneylender, CreditMaster in Chinatown stands out as a top choice. They’ve been around since 2010 and have built a solid reputation in Singapore. They aim to offer loans that are easy to apply for and quick to repay. Their service is friendly and transparent, ensuring you know exactly what to expect.
CreditMaster offers various loan options, including personal loans, renovation loans, and study loans. You can apply in just a couple of minutes using Singpass. Once approved, you could have the money in your account within 30 minutes. You don’t have to worry about hidden fees or overly high interest rates.
Their staff are known for being helpful and knowledgeable. Whether you have questions about loan terms or just need advice, they’re ready to assist. CreditMaster’s flexible repayment plans allow you to repay your loan at your own pace, which can be quite convenient if you’re looking for something manageable.
Rating: 5 (1600 reviews)
Location: 531 Upper Cross Street, Hong Lim Complex #01-04, Singapore 050531
Contact: +65 6748 1338
Website: https://www.creditmaster.sg/
4) A1 Credit: Best Licensed Money Lender Singapore | Urgent Personal Loan Singapore Chinatown | Foreigner Loan | Fast Cash Loan
When you need a quick cash loan, A1 Credit has got you covered. Located conveniently in Chinatown, this licensed money lender ensures you get your loan within an hour. The process is smooth and simple, which makes it perfect for urgent situations.
You can apply for their personal loans online and get approval in just 30 minutes. They offer various options, including foreigner loans and business loans. Their flexible repayment plans and low-interest rates make borrowing less stressful.
A1 Credit prides itself on excellent customer service. Their loan officers are friendly and explain everything clearly. This helps ensure you understand the terms and conditions before you sign any agreements.
Rating: 4.9 (813 reviews)
Location: 2 Havelock Rd, #02-08, Havelock Ii, Singapore 059763
Contact: +65 6336 0833
Website: http://www.a1credit.sg/
5) EZ Pte Ltd – Best Licensed Moneylender Chinatown Singapore | Legal Fast Cash | Personal loan | Paydays loan | Foreigner loan
When you visit EZ Pte Ltd in Chinatown, you’ll find a welcoming and professional team ready to assist with your loan needs. Situated just a short walk from Chinatown station, this licensed moneylender offers a variety of loan options that cater to different financial needs.
At EZ Pte Ltd, you can choose from personal loans, payday loans, foreigner loans, and business loans. They pride themselves on their fast approval process, often getting you approved and the cash disbursed within 20 minutes. The staff are knowledgeable and helpful, making sure you understand all your options before making a decision.
What stands out about EZ Pte Ltd is their competitive interest rates and flexible repayment schemes. Whether you need a short-term loan to cover an emergency or a longer-term loan to consolidate debt, they have a solution for you. It’s a one-stop-shop for easy, fast, and convenient legal loans in Singapore.
Rating: 4.9 (69 reviews)
Location: 150 South Bridge Rd, #01-02, Fook Hai Building, Singapore 058727
Contact: +65 6220 0822
Website: https://www.ezmoneylender.sg/
6) 1AP Capital Pte Ltd – Top Licensed Moneylender Singapore Tanjong Pagar | Fast Personal Loans
When you stroll into 1AP Capital at Tanjong Pagar, you feel welcomed right away. The staff are friendly and knowledgeable, making the entire loan application process smooth and stress-free. They offer a wide range of personal loans with low interest rates and no hidden fees, ensuring you get the financial help you need quickly and conveniently.
Their online application system is easy to use and saves you time. Within a few minutes, you can submit your details either through their website or using Singpass for added convenience. The quick approval process means you can expect a response within 25 minutes, helping you secure funds without the usual prolonged wait.
For those local to Singapore, 1AP Capital has been a reliable source of financial support since 2019. Their commitment to fairness and transparency, as regulated by the Ministry of Law, ensures you deal with a reputable lender. The flexible repayment plans they offer are tailored to meet your unique needs, whether for emergency expenses, business needs, or personal projects.
Rating: 4.9 (576 reviews)
Location: 10 Anson Rd, #01-38A, International Plaza, Singapore 079903
Contact: +65 6533 5335
Website: https://www.1apcapital.com.sg/
7) Platinum Credit | CBD Licensed Moneylender (City Hall) | Personal Loan | Payday Loan | Business Loan
When you visit Platinum Credit in City Hall, you can expect speedy service and friendly staff. The place feels professional with a welcoming atmosphere. You’ll find help for personal loans, payday loans, and business loans, tailored to your needs.
Their personal loans are useful if you need short-term financial help. If you’re facing a cash crunch before your payday, their payday loans come in handy. For business owners, their business loans provide a reliable solution for cash flow problems.
You’ll appreciate the competitive rates and the immediate approval process. The staff explain all terms clearly, ensuring no hidden surprises. The location is also very convenient, making it easy to stop by whenever you need.
Rating: 4.8 (115 reviews)
Location: 1 Coleman St, #01-11, The Adelphi, Singapore 179803
Contact: +65 6333 0888
Website: https://www.platinumcredit.com.sg/
8) JD Credit Pte Ltd | Licensed Money Lender | Best Personal Loan Rates
If you’re near Raffles Place and in need of a reputable licensed money lender, JD Credit Pte Ltd is a superb choice. Established in 2010, they are well-known for their quick and reliable loan services.
You can apply for various loans to suit different financial needs, including personal and business loans. The application process is straightforward and convenient, ensuring you get your funds swiftly.
Their loan consultants are not only professional but friendly and attentive. They make sure you understand all terms clearly before proceeding. Your experience with JD Credit is likely to be smooth and satisfactory.
Rating: 5.0 (116 reviews)
Location: 531 Upper Cross St, #01-38, Hong Lim Complex, Singapore 050531
Contact: +65 6292 7717
Website: https://jdcredit.com.sg/
9) Credit 21 Pte Ltd | Personal Loan Fast Cash Licensed Moneylender Singapore
If you’re near Raffles Place, Credit 21 Pte Ltd is a great spot to consider for a personal loan. You’ll find the office at International Plaza, making it convenient for anyone working in the area. The friendly staff are always ready to assist with your financial needs.
Applying for a loan here is stress-free and quick. You can fill out a simple form online or visit the office directly. Either way, you’re likely to get a response within an hour. The interest rates are some of the lowest you’ll find in Singapore, making it a practical choice for those needing quick cash.
Credit 21 is a licensed moneylender, operating under the regulations set by the Ministry of Law. This means you can trust their services to be fair and transparent. They offer various loans, including personal, business, and payday loans, with flexible repayment plans to suit your budget.
The customer service here is top-notch. They make sure to explain all the terms clearly, so there are no surprises later. Whether you need money for medical bills, education, or any other emergency, Credit 21 provides a reliable solution.
Rating: 4.8 (758 reviews)
Location: 10 Anson Rd, #01-07, International Plaza, Singapore 079903
Contact: +65 6221 1811
Website: https://www.credit21.com.sg/
Why Consider a Licensed Money Lender Near Raffles Place?
Choosing a licensed money lender near Raffles Place offers a range of benefits that can make your borrowing experience simpler and more convenient.
- Location: Raffles Place is a central business district. If you work or live nearby, accessing a money lender in this area saves you time and travel expenses.
- Reputation: Many money lenders near Raffles Place, like Raffles Credit, have built strong reputations for reliability and trustworthiness. This ensures you are dealing with established professionals.
- Variety of Loan Options: Licensed money lenders in this area offer diverse loan types, including personal loans, business funding, and short-term loans. You’re likely to find a loan that matches your needs.
- Flexible Repayment Plans: Many money lenders provide flexible repayment options. You can choose monthly instalments that fit your budget, making it easier to manage your finances.
- Quick Approval: Due to their streamlined processes, licensed money lenders can offer quicker loan approvals compared to traditional banks. This speed can be crucial if you need funds urgently.
Here’s a quick summary of reasons to consider a licensed money lender near Raffles Place:
- Convenient Location
- Strong Reputation
- Diverse Loan Options
- Flexible Repayment Plans
- Quick Approval
By choosing a reputable lender in this vibrant district, you get the benefit of professional service with the convenience of a central location.
Finding a Reputable Licensed Money Lender
When looking for a licensed money lender near Raffles Place, it’s important to choose wisely. Here’s how you can find a trustworthy lender:
- Check Their License: Ensure the money lender is licensed by the Ministry of Law in Singapore. This ensures they comply with regulations and offer fair terms.
- Compare Interest Rates: Interest rates can vary. Look for competitive rates, but don’t forget to consider the overall terms of the loan.
- Read Reviews: Online reviews can provide insights into the lender’s reputation. Look for consistently positive feedback from previous borrowers.
- Visit the Office: If possible, visit the lender’s physical office. A legitimate business usually has a professional setup.
| Tip | Details |
|---|---|
| Check List | Verify against the Ministry’s list |
| Read Carefully | Understand all terms before signing |
| Face-to-Face | Meeting in person is beneficial |
- Customer Service: Good customer service is a sign of a reputable lender. They should be patient, answer your questions, and explain loan terms clearly.
- Avoid Scammers: Be cautious of unsolicited offers. Licensed lenders do not solicit loans via phone or WhatsApp.
Following these steps will help you find a reputable licensed money lender near Raffles Place, ensuring a smooth and secure borrowing experience.
Important Considerations Before Borrowing
Before borrowing money, it’s crucial to be informed. Here are some key things to consider:
1. Ensure the Lender is Licensed
Always check if the money lender is licensed. Licensed lenders follow Singapore’s regulations, ensuring safer transactions. You can verify this through the Ministry of Law’s website.
2. Check the Interest Rates
Interest rates vary. Licensed lenders in Singapore can charge up to 4% monthly interest. Make sure you understand and compare these rates.
3. Understand the Fees Involved
There might be additional fees, such as loan approval fees. The upfront deduction for this is capped at 10% of the principal amount. Knowing these fees can help you avoid surprises.
| Fee Type | Maximum Charge |
|---|---|
| Monthly Interest | Up to 4% |
| Loan Approval Fee | Up to 10% of principal |
4. Read Online Reviews
Look up reviews and seek referrals. Past borrowers’ experiences can give you valuable insights into a money lender’s reputation and service quality.
5. Know Your Repayment Terms
It’s crucial to understand your repayment terms. This includes the duration of the loan and any penalties for late payments. Clear repayment terms can help you better manage your finances.
6. Discuss the Loan Amount
Ensure that the lender provides the correct principal amount of the loan. Transparency in the loan amount and calculations is essential.
Borrowing wisely can save you from potential financial stress.
Frequently Asked Questions
Here are some common questions people have when considering a loan from a licensed money lender near Raffles Place in Singapore.
What are the interest rates charged by licensed money lenders in Singapore?
Licensed money lenders in Singapore typically charge interest rates that do not exceed 4% per month. These rates can vary depending on the borrower’s credit profile and the loan type. It’s essential to check specific lender terms and conditions for accurate information.
How much am I allowed to borrow from a licensed money lender in Singapore?
The amount you can borrow depends on your annual income. For those earning less than S$20,000 per year, the maximum loan amount is S$3,000. For those with an annual income above S$20,000, you can borrow up to six times your monthly income.
Are there any licensed money lenders near Raffles Place with good customer reviews?
Yes, Raffles Credit, located near Raffles Place, has received positive reviews for its excellent customer service and range of loan packages. Other notable money lenders with good reviews include 1 Fullerton Credit and CreditMaster.
Can someone with bad credit obtain a loan from a licensed money lender in Singapore?
Yes, licensed money lenders in Singapore do offer loans to individuals with bad credit. They may have stricter terms and higher interest rates, but bad credit does not automatically disqualify you from getting a loan.
What is the legality of private money lending in Singapore?
Private money lending is legal in Singapore if the lender is licensed under the Registry of Moneylenders, managed by the Ministry of Law. Licensed money lenders must comply with strict regulations to protect borrowers.
How can Overseas Filipino Workers (OFWs) secure a loan in Singapore?
OFWs can obtain loans from licensed money lenders in Singapore. Specific lenders such as Raffles Credit and 1 Fullerton Credit provide loan options for foreigners. You will need to provide necessary documents like work permits, proof of income, and other identification.
Disclaimer: The information in this article is based on online resources from Singapore and serves as a guide. To ensure you have the most up-to-date information, we recommend verifying details with relevant Singaporean authorities or organizations. If you notice discrepancies, please inform us so we can update the information.