Looking for the best licensed money lender in Ubi, Singapore? You’re in the right place. Choosing a reliable lender is important for ensuring a smooth and safe borrowing experience. You want to find a lender that meets your needs and offers transparent, fair terms.
Ubi is home to some of the best licensed money lenders in Singapore, providing various financial services. Whether you need personal loans, business funding, or quick cash advances, you’ll find reputable lenders ready to assist. It’s all about finding the right match for your financial situation.
1) 96bm Credit | Cash Loan Singapore | Best Online Money Lender Ubi, Geylang, Paya Lebar, Eunos & Kaki Bukit
If you are looking for a trustworthy money lender in Ubi, 96bm Credit is a great choice. Located just a 2-minute walk from Ubi MRT, the office is easy to find. As soon as you enter, you are greeted warmly by their friendly staff. It makes the whole experience pleasant and less stressful.
Loan approval is impressively fast, typically taking just 15 minutes. The loan consultants are approachable and patient. They speak English, Chinese, and Hokkien, so communication is straightforward. They make sure you fully understand the terms of the loan before you sign anything.
96bm Credit offers a variety of loan types, including personal, business, and debt consolidation loans. You can even apply online 24/7. The interest rates are affordable, and the loan processing fees are within a reasonable range. They offer various repayment options, including cash, PayNow, and bank transfers.
Rating: 5.0 (3900 reviews)
Location: Blk 302, Ubi Ave 1, #01-31, Singapore 400302
Contact: +65 6292 2629
Website: http://cashloansingapore.com.sg/
2) Magnus Credit | Best Licensed Money Lenders in Ubi Singapore | Legal Cash Loan | Personal Loan | Payday Loan | Foreigner Loan
When you visit Magnus Credit, you’ll feel the warmth and professionalism right from the start. Located in Ubi Singapore, this licensed money lender is known for its quick and easy loan process. Whether you need a personal loan, payday loan, or foreigner loan, they have tailored solutions for various financial needs.
An emergency can strike at any time, and Magnus Credit understands this well. Their application process is simple and fast, reducing the stress of lengthy paperwork. In most cases, you’ll get a response within an hour and can collect your cash loan instantly after approval.
Magnus Credit offers flexible repayment plans, making it easier for you to manage your debt. Additionally, they provide low-interest rates per month. If you repay your loan early, you’ll even receive an interest rebate. It’s a straightforward approach that puts your needs first.
Rating: 4.6 (115 reviews)
Location: 301 Ubi Ave 1, #01-279, Singapore 400301
Contact: +65 6338 9891
Website: https://www.magnuscredit.com.sg/
3) i-CREDIT | Licensed Moneylender
When you visit i-CREDIT, you’ll find a team genuinely focused on providing personalised service. They’ve helped people with their loan needs since 2009, and their friendly staff ensures you’re treated fairly. You never feel like just another customer; they work hard to find loan solutions that fit your unique situation.
i-CREDIT offers a wide range of loan options, from personal and payday loans to more specialised ones for students, freelancers, and even pet medical expenses. If you’re unemployed or a student, they have specific loan types designed to cater to your needs, making financial support accessible.
Their loan approval process is swift, often completed within 24 hours. This reduces the stress and waiting time compared to traditional banks. Situated conveniently near Aljunied MRT, getting there is easy, and the location is well-connected to various parts of the city.
Rating: 5 (3000 reviews)
Location: 82 Lorong 23 Geylang #05-02 ATRIX, Singapore 388409
Contact: +65 6222 5222
Website: https://www.icredit.com.sg/
4) Capital Funds Investments Pte Ltd | Debt Consolidation Loan | Licensed Moneylender |
Capital Funds Investments Pte Ltd, located in Ubi, offers some of the best financial services in Singapore. You will find it easy to get a loan here. Their team is very friendly and welcoming, ensuring you feel comfortable right from the start. The hassle-free service makes the whole process smooth and efficient.
You can apply for an interest-free loan if you repay within 14 days. First-time customers get a full administration fee refund if they return the principal amount in full within 7 days. This makes their services both affordable and accommodating.
They provide up to 60 months of instalment plans, making repayments manageable and less stressful. With their tailored payment schedules, you can negotiate interest rates and administration fees to meet your specific needs.
Their online loan application process is quick and simple. You can apply for in-principle approval online, saving you time and effort. This is especially convenient if you are on a tight schedule or live far from their office.
Rating: 4.9 (710 reviews)
Location: 65 Ubi Cres, #06-07, Hola Centre, Singapore 408559
Contact: +65 6281 7736
Website: https://www.loancfi.com.sg/ ; https://www.loancfi.com
5) BEST LICENSED MONEYLENDER PTE LTD: Best Licensed Money Lender
When you walk into Best Licensed Moneylender Pte Ltd, you can immediately tell that they are a professional and dependable place. They have over 30 years of experience and have helped more than 32,000 customers. The staff are friendly and ready to assist with any financial needs you might have.
The loan approval process is quick and straightforward. You can easily apply for different types of loans, whether it’s personal, business, payday, or renovation loans. The representatives take the time to understand your situation and match you with the right loan.
You won’t have to worry about hidden fees or complicated terms. Everything is transparent, and the team at Best Licensed Moneylender Pte Ltd ensures that you can repay the loan without stress. It’s comforting to know that they are registered through the Ministry of Law, adding an extra layer of trust.
Rating: 5.0 (619 reviews)
Location: 13 North Bridge Rd, #01-3984, Singapore 190013
Contact: +65 6224 2224
Website: https://bestlicensedmoneylender.com.sg
6) Best Credit | Licensed Moneylender Singapore | Best Personal Loan
When you visit Best Credit, you will notice how welcoming and professional the staff are. The office is well-organised and tidy, creating a pleasant environment for customers.
The application process is quick and straightforward. The staff go out of their way to explain all the terms in simple language, making it easy to understand what you’re signing up for.
You will find that Best Credit offers competitive rates. They really focus on providing solutions that fit your personal needs. This shows their commitment to excellent customer service.
Rating: 5 (735 reviews)
Location: 372 Bukit Batok Street 31, #01-378, Singapore 650372
Contact: +65 6272 5538
Website: https://bestcredit.sg/
Why Consider a Licensed Money Lender In Ubi?
If you need quick financial assistance, you might want to look into a licensed money lender in Ubi.
Licensed moneylenders are regulated by the government, so you can trust them to follow legal rules. This means they offer more transparent and fair loan terms compared to unlicensed lenders.
Another reason to choose a licensed lender in Ubi is the fast approval process. Unlike traditional banks, these lenders can approve your loan swiftly, often within the same day. This can be really helpful if you have an urgent financial need.
You also have flexibility in repayment. Many licensed moneylenders offer loans with monthly instalments, making it easier for you to manage your payments. These instalment plans can be tailored to suit your budget, making your life a bit less stressful.
The local expertise of lenders in Ubi is another great benefit. They understand the unique needs of the community and can offer personalised loan solutions.
Here are some key points to consider:
- Regulation: Governed by local laws for your protection.
- Speed: Fast loan approval means you get your money quickly.
- Flexibility: Various repayment options to suit your needs.
- Local understanding: Tailored solutions for Ubi residents.
Exploring these options might help you find the financial relief you need.
Finding a Reputable Licensed Money Lender
When you’re looking for a licensed money lender in Ubi, Singapore, it’s essential to be careful and make an informed choice. Here are some key steps to help you find a trustworthy lender.
Start by checking the Ministry of Law’s list of licensed moneylenders. This list is updated regularly and ensures that you are dealing with a legal and regulated entity. You can find the updated PDF list on their website.
It’s also helpful to read customer reviews and feedback about different money lenders. Look for positive experiences from previous clients. This gives you a sense of their reputation and the quality of their services.
Make sure to compare interest rates and terms offered by various lenders. Different lenders have different rates, so it’s wise to look around and find the best deal. This will help you save money in the long run.
Don’t forget to check if the lender offers the type of loan you need, whether it’s a personal loan, business funding, or any other specific requirement. Not all lenders offer the same loan options.
Lastly, visit the lender’s physical office if possible. Meeting face-to-face can provide a clearer picture of their professionalism and service quality. It also adds an extra layer of assurance.
Here’s a quick checklist:
- Verify with the Ministry of Law’s list
- Read customer reviews
- Compare interest rates and terms
- Check loan options available
- Visit the lender’s office
Following these steps will help ensure that you find a reputable licensed money lender in Ubi, Singapore.
Important Considerations Before Borrowing
Before you borrow from a licensed moneylender in Ubi, Singapore, keep a few key points in mind. First, interest rates are crucial. Licensed moneylenders can only charge up to 4% per month, so make sure you understand how much you will repay.
Consider looking into financial assistance schemes. Government agencies offer various support programmes that might be more favourable than borrowing.
Always be aware of the fees and charges. Licensed moneylenders are allowed to charge certain fees, such as a 10% administrative fee on the principal loan amount.
Research the reputation of the moneylender. Check online reviews and get recommendations from friends or family who have borrowed before. This can help you avoid potential issues.
Understand your loan contract. Before signing, ensure you know all the terms and conditions. If anything is unclear, ask the lender to explain.
Finally, assess your ability to repay the loan. Only borrow an amount that you are confident you can pay back on time. Missing payments can lead to penalties and additional interest. Stay mindful of your financial situation to maintain good credit health.
By considering these factors, you can make a more informed and safer decision when borrowing.
Frequently Asked Questions
When considering a licensed money lender in Ubi, Singapore, there are some key questions you might have. Below are some specifics you should know to make an informed decision.
How can I identify a reputable licensed money lender in Singapore?
To identify a reputable money lender, check if they are listed on the Ministry of Law’s website or the Registry of Moneylenders. This ensures they are officially licensed and approved to operate.
What are the safety considerations when borrowing from a licensed money lender?
Ensure the lender provides clear loan terms and conditions and does not use any abusive or threatening behaviour. Additionally, you should verify their physical address and website to confirm they are legitimate.
What’s the maximum loan amount I am eligible for from a Singaporean licensed money lender?
The maximum loan amount you can borrow depends on your income level. Licensed money lenders in Singapore typically allow you to borrow up to six times your monthly income.
Are private lending transactions legal in Singapore?
Yes, private lending transactions are legal if conducted through licensed money lenders. Ensure the lender is licensed by the Ministry of Law to protect your interests.
What are the typical requirements for obtaining an instant cash loan without documents in Singapore?
Instant cash loans usually require fewer documents, but you’ll still need identification, proof of income, and possibly proof of residency. Ensure you meet the lender’s specific requirements.
Can foreigners with work permits secure loans from money lenders in Singapore?
Foreigners with work permits can often secure loans from licensed money lenders. Check if the lender offers loans to foreigners and what specific requirements or limits may apply.
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.