Finding the best licensed money lender near Lorong Chuan in Singapore can be a straightforward task when you know where to look. Licensed moneylenders provide various loan options that cater to personal and business needs, ensuring that you can find just the right fit for your financial situation. Knowing which lenders are reliable and offer favourable terms can save you a lot of time and effort.
In Singapore, licensed moneylenders are regulated to ensure they follow strict guidelines, giving you peace of mind when borrowing. By choosing a trusted lender, you can secure necessary funds without unnecessary hassle. This article aims to guide you through the top licensed moneylenders in the Lorong Chuan area, helping you make an informed decision.
1) Goldstar Credit Hougang | Legal Licensed Money Lender Singapore | Fast Loans
When visiting Goldstar Credit Hougang, you’ll find an inviting and cosy environment. The staff, like Angela and Michael, are super helpful and efficient, ensuring a smooth process from start to finish. They carefully explain loan options and treat each customer with respect and understanding.
Goldstar Credit Hougang stands out because they offer a wide range of loan services. Whether you need a wedding loan, renovation loan, or debt consolidation, they have options tailored to various needs. Plus, if you have a bad credit history, you can still apply for a loan.
One of the best parts about Goldstar Credit Hougang is their fast and instant approvals. You can expect quick disbursement of funds, making it a great place to get a loan when you need money urgently. The loan officers are patient, guiding you through every step.
They also offer competitive interest rates and different perks for regular clients. Returning customers can enjoy higher loan approvals and customised payment dates. The efficient and friendly service makes Goldstar Credit Hougang a top choice for anyone needing a loan in Singapore.
Rating: 5.0 (4200 reviews)
Location: 1187 Upper Serangoon Road, Hougang Central, #01-21, Midtown Residences, Singapore 533971
Contact: +65 6384 0088
Website: http://goldstarcredit.co/
2) Accredit Licensed Money Lender in Hougang | Personal Loan Singapore
Looking for a reputable money lender near Lorong Chuan? You should explore Accredit Licensed Money Lender in Hougang. Conveniently located just minutes from Hougang MRT, this branch offers a friendly environment where you can secure loans without any hassle.
The staff here are welcoming and attentive. They guide you through the repayment plan that best suits your needs. Whether you need a personal loan, a short-term loan for emergencies, or even debt consolidation, they’ve got you covered.
The branch itself has a cosy atmosphere. Customers feel at ease, which is great if you’re visiting a money lender for the first time. Reviews from other clients highlight the professionalism and integrity of the staff, ensuring that you have a pleasant experience every time.
Rating: 5 (572 reviews)
Location: 1187 Upper Serangoon Rd, #01-15, Singapore 533971
Contact: +65 6245 2662
Website: https://hougangaccreditloan.com/ ; https://www.accreditloan.com/ ; https://yishunaccreditloan.com/
3) i-CREDIT | Licensed Moneylender Sunday|Public Holiday | NSF|Unemployed|Student|Bankrupt | Tai Seng|Paya Lebar|Eunos|Ubi
i-CREDIT has a user-friendly approach to lending. As you walk in, you notice the friendly staff ready to assist you. They understand that financial challenges can be stressful and aim to make the process as smooth as possible.
The team offers various loan options, including those for unemployed individuals, students, and even bankrupts. Their personalised service ensures you aren’t just another number. They take time to understand your specific situation and needs.
If you’re visiting on a Sunday or public holiday, you won’t be disappointed as they remain open to help you out. Their office, conveniently located near Aljunied MRT, is easy to find. With quick loan approvals, you won’t have to wait long to get the help you need.
Rating: 5.0 (3000 reviews)
Location: 82 Lorong 23 Geylang #05-02 ATRIX (Opp. Aljunied MRT)
Contact: +65 6222 5222
Website: https://www.icredit.com.sg/
4) Credit Thirty3 Pte Ltd (Credit 33) | Licensed Moneylender Singapore in Toa Payoh
Credit Thirty3 Pte Ltd, also known as Credit 33, stands out as a reliable licensed moneylender in Toa Payoh. If you are looking for quick, accessible loans, this place makes the process straightforward. The office is clean and easy to find, and the staff are friendly and professional.
You will appreciate the variety of loan options. Whether you need a personal loan, a business loan, or help with debt consolidation, Credit Thirty3 has plans tailored to your needs. They also offer renovation and medical loans, making it convenient to manage unexpected costs.
The application process is swift and hassle-free. It takes about three minutes to complete, and you’ll get approval within minutes. Their efficient service means you’ll get your needed funds quickly, sometimes on the same day. This is particularly helpful in urgent situations.
Rating: 5 (1,300 reviews)
Location: 190 Lorong 6 Toa Payoh, #01-548, Toa Payoh Mall, Singapore 310190
Contact: +65 6292 2931
Website: https://www.creditthirty3.com.sg/
5) Dio Credit | Ang Mo Kio Best Licensed Moneylender | Quick Loan Singapore
When you walk into Dio Credit in Ang Mo Kio, you’re greeted with friendliness and professionalism. The staff members are attentive and quick to listen to your needs. They offer personalised loan solutions that fit your requirements. You’ll feel comfortable and reassured as they explain everything in detail, leaving no room for confusion.
Dio Credit has been in the business since 2013, and their years of experience show in their efficient service. Approval rates are impressive, with loans often approved in 15 minutes for new customers and even faster for returning ones. You won’t need to pledge any collateral, making the process straightforward.
A major plus is their compliance with legal standards. Registered with the Ministry of Law, Dio Credit ensures that all their practices are transparent and fair. They’re open 24 hours and located conveniently in Ang Mo Kio Central, making it easy to access their services at any time.
Rating: 5.0 (1600 reviews)
Location: Blk 702 Ang Mo Kio Ave 8, Ang Mo Kio Central #01-2507B, Singapore 560702
Contact: +65 6250 1000
Website: http://www.diocredit.com.sg/
6) BAN KING CREDIT LICENSED MONEYLENDER
Ban King Credit Licensed Moneylender is known for its friendly and efficient service. It’s a popular choice among locals, offering a variety of loans tailored to meet your needs. You can get personal, renovation, wedding, and payday loans here. They make the process quick and easy, so you won’t have to wait long for approval.
Visiting Ban King Credit, you’ll find their staff to be professional and helpful. They focus on making sure you understand all your loan options and help you choose the best one for your situation. The atmosphere is welcoming, making the experience of getting a loan less stressful.
They have a convenient location and an accessible online application process. This makes it possible for you to apply for loans from the comfort of your home. Whether you need quick cash for an emergency or planning a big event, Ban King Credit ensures that the financial part is hassle-free for you.
Rating: 4.9 (495 reviews)
Location: 705 Ang Mo Kio Ave 8, #01-2563, Singapore 560705
Contact: +65 6451 0152
Website: https://bankingcredit.com.sg/
7) Orange Credit – Licensed Moneylender Geylang / Paya Lebar / Personal Loan / Debt Consolidation Loan / Business Loan
If you’re seeking a trustworthy moneylender, Orange Credit is a name you’ll want to remember. Situated in the convenient location of Geylang, the team at Orange Credit is dedicated to understanding your financial needs and offering tailor-made solutions. Whether you’re dealing with debt consolidation or looking for a personal loan, their friendly service ensures a smooth experience.
One of the standout features is their commitment to transparency and reliability. As an authorised moneylender in Singapore, they strictly adhere to regulations. This means you can rest easy knowing that your transactions are fair and legitimate. They provide clear contracts and invoices, making sure everything is above board.
The process at Orange Credit is straightforward and hassle-free. This is especially important if it’s your first time borrowing or if you have a poor credit score. Their experienced team works with you to design a financial plan that meets your unique circumstances, making the borrowing process less stressful.
If managing multiple loans is causing you stress, Orange Credit’s debt consolidation services can help simplify your repayments. By consolidating your debts into one, they aim to improve your credit score and make future financial planning easier.
Rating: 5 (746 reviews)
Location: 810 Geylang Rd, #01-91, City Plaza, Singapore 409286
Contact: +65 1800 188 1111
Website: https://www.orangecredit.com.sg/
8) BEST LICENSED MONEYLENDER PTE LTD: Best Licensed Money Lender
When you visit BEST LICENSED MONEYLENDER PTE LTD, you will find a professional team ready to help you with your financial needs. They understand the importance of providing quick and reliable service, and their experience shows it. With over 30 years in the business, they have become trusted by many.
The loan approval process here is fast and efficient. Whether you need a personal loan or a business loan, they have got you covered. The friendly staff will guide you through the process, ensuring you get the best terms according to your situation. They also offer payday loans and renovation loans, so you have multiple options.
What stands out is their transparency. You won’t have to worry about hidden fees or confusing terms. Everything is explained clearly, and you can expect a smooth experience from start to finish. Their online application process is straightforward, and you can get approval on the same day. This makes it convenient for anyone in urgent need of funds.
Their 24/7 helpdesk availability means you can reach out anytime with questions or concerns. Whether you need a loan for personal use, business, or emergency expenses, you will find the support you need here.
Rating: 5 (619 reviews)
Location: 13 North Bridge Rd, #01-3984, Singapore 190013
Contact: +65 6224 2224
Website: https://bestlicensedmoneylender.com.sg/
9) 1st Credit SG | Licensed Moneylender Singapore | Personal Loan | Near Bugis
You will find 1st Credit SG tucked away in the Fu Lu Shou Complex, near Bugis. Their long history of serving the community since 1989 speaks volumes about their dedication and reliability. You can expect a warm welcome from the well-trained staff, ready to help with any financial difficulties you might be facing.
The location is convenient, just a short walk from Bugis MRT station. The office is open every day of the week, including weekends. This makes it easy for you to drop by after work or when you have some free time.
A standout feature of 1st Credit SG is their customisation of loans. This means they tailor the loan options to fit your specific needs. This personal touch really sets them apart and shows their commitment to helping you find the best financial solution.
Rating: 5 (549 reviews)
Location: 149 Rochor Road, #01-07, Fu Lu Shou Complex, Singapore 188425
Contact: +65 6266 5422
Website: http://www.moneylenderhub.com/
10) U Credit (Pte.) Ltd | Licensed Moneylender Singapore
U Credit (Pte.) Ltd is well-known for offering some of the most affordable interest rates in Singapore. When you walk into their office, you are greeted by friendly loan officers who take the time to understand your needs. They guide you through the payment schedule and help you choose the best rate based on your financial situation.
Their personal loans are perfect for anyone facing financial difficulties. Whether you need money for a vacation, renovation, or business, U Credit has got you covered. If unforeseen expenses pile up before payday, they also offer payday loans to tide you over. Each type of loan is designed to be flexible and cater to various needs.
Applying for a loan with U Credit is straightforward. You fill out a simple form, go to their office, and their team verifies your documents. Once everything is in order, you receive your cash or cheque on the spot. The whole experience is quick, easy, and transparent. They make sure to explain the loan process clearly and maintain full confidentiality.
U Credit prides itself on excellent customer service. They follow the Moneylenders Act and Rules strictly, ensuring you receive legal money lending services. It’s no surprise they’re one of the top choices for money lending in Singapore.
Rating: 5 (798 reviews)
Location: #01-19 The Bencoolen, 180 Bencoolen St, Singapore 189646
Contact: +65 6337 1768
Website: https://ucredit.sg/
Why Consider a Licensed Money Lender Near Lorong Chuan?
Living near Lorong Chuan and need a loan? Licensed money lenders can be a great solution. They are regulated and offer services you can trust.
Convenience is key. With a licensed money lender nearby, you save time and effort on travel. You can drop by easily and sort out your financial needs quickly.
A local lender is likely familiar with the community. This can result in better customer service and personalised loan options tailored to your circumstances.
When you choose a licensed lender, you avoid unlicensed lenders who may charge unfair rates. Licensed lenders follow the law, offering transparent and fair terms.
Interest rates from licensed money lenders are often competitive. Some offer rates as low as 1% per month. This makes borrowing affordable and manageable.
A local licensed money lender might offer a range of loan types. Whether you need a personal loan, business funding, or short-term financial help, they can assist.
Dealing with financial matters can be stressful. A friendly and professional service near your home can make the process smoother and more reassuring.
You also get the benefit of quick approvals. Licensed lenders are known for their efficiency, which means you can access the funds when you need them.
When choosing a licensed money lender near Lorong Chuan, check their reputation and reviews. Look for a lender with positive feedback and a strong track record in the community.
Finding a Reputable Licensed Money Lender
When looking for a reputable licensed money lender near Lorong Chuan in Singapore, it’s important to keep a few key factors in mind.
Check for Licensing
Ensure the money lender has a valid licence from the Ministry of Law. This confirms they follow regulations and guidelines.
Compare Rates and Terms
Interest rates and terms can vary, so it’s wise to compare options. Look for lenders with transparent terms and conditions.
Customer reviews provide insight into the lender’s reliability and customer service. Look up feedback on different platforms.
Visit in Person
For a more personal touch, visit the lender’s office. This allows you to discuss your needs face-to-face and verify their legitimacy.
Ask About Fees
Check if there are any additional fees. Transparent lenders will clearly outline all costs involved.
Use these practices to find a trusted money lender near Lorong Chuan. Make the most of the resources available to you and choose wisely!
Important Considerations Before Borrowing
Before you borrow from a licensed money lender near Lorong Chuan, Singapore, think about a few key points to make a good decision.
Eligibility Requirements
Check if you meet the lender’s criteria. Banks often have strict requirements. Licensed money lenders might offer more flexible terms.
Interest Rates and Fees
Be aware of the interest rates and any additional fees. Licensed money lenders may have higher rates than banks, so compare different options to find the best deal.
Repayment Terms
Understand the repayment schedule. Know how much you’ll need to pay back each month, and ensure it fits within your budget.
Alternative Options
Look into other options like government financial assistance schemes. These might offer more favourable terms.
Legal Protections
Borrowing from a licensed money lender ensures you are protected by Singapore law. They can only advertise in specific places like business websites and directories.
Documentation
Licensed money lenders usually require less documentation than banks. This can make the borrowing process quicker and easier for you.
Effects on Credit Rating
Consider how borrowing might affect your credit score. Licensed money lenders report to Credit Bureau Singapore, so your borrowing will be tracked.
Borrow Only What You Need
Evaluate your financial situation and borrow only what is necessary. This prevents unnecessary debt.
Ensure you consider these points carefully. Making an informed decision will help you manage your finances better and avoid potential pitfalls.
Frequently Asked Questions
Choosing a licensed money lender in Singapore, specifically near Lorong Chuan, can be straightforward if you know what to look for. Here are some common queries to help guide you.
How should I go about selecting a licensed money lender in Singapore?
To choose a licensed money lender, start by checking their status on the Ministry of Law’s website. Look for lenders with a strong reputation, positive reviews, and clear loan terms. Make sure they meet you in person for identity verification.
Is borrowing money from a licensed lender in Singapore secure?
Yes, it is secure to borrow from a licensed money lender. Licensed lenders must follow strict regulations set by the Ministry of Law, ensuring transparent loan processes and fair interest rates. Always verify the lender’s licence to ensure your safety.
What is the maximum amount I’m allowed to borrow from a licensed money lender?
The maximum amount you can borrow depends on your income. For Singapore citizens and Permanent Residents earning under $20,000 annually, you can borrow up to $3,000. If your annual income exceeds $20,000, you can borrow up to six times your monthly salary.
What are the typical interest rates charged by money lenders in Singapore?
Licensed money lenders in Singapore charge an interest rate capped at 4% per month. This rate applies whether the loan is secured or unsecured. It’s essential to confirm interest rates with the lender to ensure you understand the loan’s total cost.
Could you recommend some top-rated licensed money lenders?
Some top-rated licensed money lenders include Goldstar Credit Hougang, Accredit Licensed Money Lender in Hougang, i-Credit, Credit Thirty3 Pte Ltd in Toa Payoh, and Dio Credit in Ang Mo Kio. These lenders are well-reviewed and known for their reliable services.
What aspects should I consider when reading reviews about money lenders?
When reading reviews, consider factors like customer service, loan approval speed, interest rates, and the clarity of loan terms. Look for detailed feedback from previous borrowers to get a sense of the lender’s reliability and the overall experience.
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.