When searching for the best licensed money lender near Newton, Singapore, it is important to know where to start. Newton is a bustling area with many options, making it crucial to find a lender that is both reliable and trustworthy. Licensed money lenders in this area offer various loan types to fit your specific needs.
Considering factors like reputation, customer reviews, and interest rates can help you make an informed choice. These pointers not only ensure you get the best deal but also that you avoid any potential scams. With the right information, you can confidently select a licensed money lender who meets your financial requirements.
1) Trillion Credit Solutions Lucky Plaza Branch | Licensed Moneylender Orchard Road | Debt Consolidation Loan | Personal Loan
When you visit Trillion Credit Solutions Lucky Plaza Branch, you’re greeted by a team of highly skilled professionals. The branch is strategically located in the heart of Singapore, making it very convenient for you to pop by. They prioritise making the loan application process simple, ensuring that you can get instant cash within an hour.
The branch provides a variety of loan options tailored to your needs. Whether you require a personal loan or debt consolidation, they work with you to create an affordable repayment plan. Their interest rates are competitive and prorated according to your loan tenure.
Trillion Credit Solutions’ dedication to customer service is evident from the moment you step in. The friendly consultants ensure all your questions are answered, and your loan process is handled with utmost safety and confidentiality. They even offer the convenience of online applications, saving you time and effort.
Rating: 5.0 (378 reviews)
Location: 304 Orchard Rd, #02-12, Lucky Plaza, Singapore 238863
Contact: +65 6509 0111
Website: https://www.trillioncredit.com.sg/
2) Lending Bee Orchard Road Branch | Licensed Moneylender Singapore Orchard Far East Plaza | Cash Loan Singapore | Personal Loan
Step into Lending Bee Orchard Road Branch at Far East Plaza, and you’ll be welcomed by a friendly team ready to assist you. The branch is conveniently located and easy to find, making it a breeze for those in need of financial services in the heart of Orchard.
Lending Bee offers a range of loan options, ensuring you can find something that suits your needs. Whether it’s a personal loan, a cash loan, or any other financial assistance, their transparent and reliable service stands out. Their quick and simple application process means you won’t have to wait long for approval and access to funds.
Their expert team provides guidance to help you make informed decisions. The Lending Bee mobile app is a handy tool, letting you apply for loans, check your loan status, and even earn rewards. This makes managing your finances straightforward and convenient.
Rating: 4.9 (1500 reviews)
Location: 14 Scotts Rd, #02-44/45, Far East Plaza, Singapore 228213
Contact: +65 6219 1611
Website: https://www.lendingbee.com.sg/
3) 1st LG Credit – Licensed Moneylender near Little India
When you visit Little India, 1st LG Credit stands out as a reliable moneylender. The friendly staff there ensure your needs are met with professionalism. You can expect quick loan approvals, often within an hour. This makes it a great option if you need funds fast.
The service is personalised, offering flexible installment plans. This helps you manage your repayments easily. Many customers appreciate the transparent fees and the absence of hidden charges, giving you peace of mind when you borrow.
People recommend 1st LG Credit for helping consolidate loans and providing financial assistance. Their understanding approach, even towards late payments, shows they value their customers. This makes them a trusted choice for many.
Rating: 4.9 (60 reviews)
Location: 16 Kerbau Rd, #02-01, Singapore 219155
Contact: +65 6299 6654
Website: http://www.moneylenderpro.com/
4) Monetium Credit | Licensed Moneylender Singapore Rochor | Cash Loan Singapore | Personal Loan
When you walk into Monetium Credit‘s office at Sim Lim Tower, you’ll find a welcoming and professional environment. The staff are friendly and genuinely understand your financial worries. They offer various loan options to suit your needs, whether it’s for emergency funds, tuition fees, or daily expenses.
What sets Monetium Credit apart is their digital approach. You can apply for a loan online using their smooth and user-friendly website. The loan calculator helps you understand monthly costs, making the process transparent and straightforward. After approval, a quick visit to their office finalises the paperwork, and funds are disbursed promptly.
Monetium Credit’s commitment to transparency and efficiency is evident in the way they handle loan applications. Their expert financial consultants are always ready to guide you through the process, ensuring you get the best advice and solutions tailored to your lifestyle and income.
Rating: 4.8 (293 reviews)
Location: Sim Lim Tower, Singapore
Contact: +65 6777 7775
Website: http://www.monetiumcredit.com.sg/
5) Katong Credit Pte Ltd | Personal Loan Licensed Moneylender Singapore
When you step into Katong Credit Pte Ltd, you are greeted by friendly staff who are ready to assist you. The environment feels professional but also welcoming. You feel at ease knowing that your loan application will be handled efficiently.
The loan process is straightforward and quick. You will appreciate the 3-step fast cash loan process, which ensures you get your money without unnecessary delays. You fill in an application, get approval within 24 hours, and then collect your cash.
Katong Credit Pte Ltd is known for its customer service. They really listen to your needs, ensuring that you fully understand the terms and conditions of your loan. They also make sure that everything is explained clearly, which helps build trust.
Rating: 5 (2100 reviews)
Location: 304 Orchard Rd, #02-30/31, Lucky Plaza, Singapore 238863
Contact: +65 6291 2210
Website: https://www.katongcredit.com.sg/
6) 365 Credit Solutions: Best Licensed Money Lender Singapore Orchard Far East Plaza | Personal Loan Singapore | Foreigner Loan
When you visit 365 Credit Solutions at Orchard Far East Plaza, you’ll find a friendly and professional team ready to help with your financial needs. The office is modern and welcoming, making it a comfortable place to discuss loans and financial plans.
This licensed moneylender offers personal loans and foreigner loans with a maximum interest rate of 4% per month. The staff are knowledgeable and explain everything clearly, making sure you understand the terms of your loan.
If you’re worried about late fees, 365 Credit Solutions has a transparent policy. They can only charge a maximum late interest rate of 4% monthly and a late fee of up to SGD 60 per month. This helps you manage your payments without getting overwhelmed.
Rating: 5 (706 reviews)
Location: 14 Scotts Rd, #03-63, Far East Plaza, Singapore 228213
Contact: +65 6222 5500
Website: https://www.365credit.com.sg/
7) KST CREDIT | Licensed Moneylender Orchard Lucky Plaza | Personal Loan | Installment Loan | Debt Consolidation Loan
When you walk into KST CREDIT at Lucky Plaza, you immediately feel welcomed. Located conveniently on Orchard Road, this money lender offers a range of loan services designed to meet your needs. The staff are friendly and attentive, making the process of obtaining a personal loan smooth and stress-free.
KST CREDIT is well-known for its professional service and fast processing times. If you need financial assistance for your personal or business needs, this place can help. They offer various loan options, including personal loans, instalment loans, and debt consolidation loans.
The clean and comfortable environment adds to the positive experience. Whether you are a local resident or a visitor, you will find their services efficient and reliable. It’s clear that they prioritise customer satisfaction.
Rating: 5 (209 reviews)
Location: 304 Orchard Rd, Lucky Plaza #01-03, Singapore 238863
Contact: +65 6255 5225
Website: http://www.kstcredit.sg/
8) 1st Credit SG | Licensed Moneylender Singapore | Personal Loan | Near Bugis
When you visit 1st Credit SG near Bugis, it feels welcoming and professional. The staff are friendly and helpful, always ready to assist with your financial needs. They offer personalised loan options, making sure to tailor solutions that fit your specific situation.
The location is convenient, especially if you’re around Bugis MRT station. Just a short walk away, you’ll find their office in the Fu Lu Shou Complex. The extended hours, including weekends, make it easy to drop by even if you have a busy schedule.
Their history is impressive, helping Singaporeans and foreigners since 1989. The long-standing reputation for customer satisfaction speaks volumes about their dedication. It’s reassuring to know that you can rely on them in times of financial need.
Rating: 5 (549 reviews)
Location: 149 Rochor Rd, #01-07, Fu Lu Shou Complex, Singapore 188425
Contact: +65 6266 5422
Website: http://www.moneylenderhub.com/
9) 118 Credit | Licensed Money Lender Singapore Bugis (Formerly QV Credit) | Personal Loan & Fast Cash Loan | 1 1 8 CREDIT
When you step into 118 Credit, you’re greeted by a friendly and professional team ready to assist with your financial needs. Conveniently located in Bugis, this money lender prides itself on offering quick and hassle-free loan services. Their straightforward approach makes the borrowing process smooth and efficient.
The application process is incredibly simple and can be done online. By using Singpass Myinfo, your form is completed automatically, making approvals fast. There are no hidden fees, and you can expect a quick turnaround, often within 30 minutes.
118 Credit offers various loan packages tailored to your needs, whether you’re a resident, business owner, or even a foreigner. With a focus on transparency and fairness, they ensure you understand all terms before signing any contract. Their flexible repayment options add to the convenience.
The team at 118 Credit is attentive and knowledgeable, ensuring every client feels valued and understood. Their office provides a private and comfortable setting, making it a great place to get your loan needs sorted swiftly.
Rating: 4.9 (210 reviews)
Location: 175A Bencoolen St, #11-08, Burlington Square, Singapore 189650
Contact: +65 6835 7666
Website: https://118credit.sg/
10) Su Credit | Licensed Money Lender in Bugis and Rochor | Legal Personal Loan
You’ll find Su Credit right in the middle of Singapore’s busy city area. It’s located at Burlington Square, close to Rochor and Little India MRT stations. That means you won’t struggle to get there, and it’s super handy if you’re using public transport.
When you visit Su Credit, you’ll see it’s also close to many important spots. For example, UOB Bank – Rochor Branch is nearby, and there are lots of ATMs from major banks like DBS, UOB, and OCBC around the corner at Sim Lim Square. You can handle your banking needs quickly and easily.
There are lots of places to shop near Su Credit too. You can visit malls like Fu Lu Shou Complex, OG, Bugis Plus, Bugis Junction, and Bugis Street, all within walking distance. If you like exploring cultural places, the Kwan Im Thong Hood Cho Temple and Sri Krishnan Temple are also close by, making it a vibrant spot to visit.
Rating: 5 (866 reviews)
Location: 175 Bencoolen Street #01-36, Burlington Square, Singapore 189649
Contact: +65 6636 5644
Website: https://sucredit.com.sg/
Why Consider a Licensed Money Lender Near Newton?
Choosing a licensed money lender near Newton can be a smart decision for many reasons.
- Convenience: Newton is a central location in Singapore, making it easy to find and visit licensed money lenders. You’ll save time and effort by having multiple options nearby.
- Variety of Loans: Licensed money lenders near Newton offer a range of loan types. Whether you need a personal loan, business funding, or an emergency loan, you’re likely to find a product that fits your needs.
- Flexible Requirements: Licensed money lenders might have more flexible requirements compared to banks. This might be beneficial if you have a lower credit score or unique financial circumstances.
- Speedy Process: The loan approval process with a licensed money lender can often be faster than with a traditional bank. This can be crucial if you need funds quickly.
- Regulated Services: Licensed money lenders are regulated by the Ministry of Law in Singapore. This means they must adhere to strict rules and guidelines, ensuring fair and transparent practices.
- Customer Experience: Many licensed money lenders near Newton pride themselves on providing excellent customer service. You can expect a friendly and professional approach.
- Competitive Rates: Some licensed money lenders offer competitive interest rates and terms. It’s always a good idea to compare different lenders to find the best deal that suits your financial situation.
Using a licensed money lender near Newton can provide you with the accessibility, speed, and tailored loan options you might need.
Finding a Reputable Licensed Money Lender
When looking for a licensed money lender near Newton, Singapore, it’s important to choose one that is trustworthy and reliable.
- Verify Licensing: Always check if the money lender is licensed by the Ministry of Law in Singapore. You can do this on their official website.
- Read Reviews: Look at customer reviews online. Platforms like Loan Advisor and SBO.sg provide feedback from verified users. This can help you gauge the lender’s reputation.
- Compare Interest Rates: Interest rates vary between lenders. It’s wise to compare rates to find the most affordable option. Remember, lower rates mean lower costs over time.
- Understand Terms: Ensure you fully understand the loan terms. This includes repayment schedules, penalties for late payments, and any additional fees.
- Customer Service: Good customer service is essential. Choose lenders who are responsive and willing to answer your questions. This helps ensure a smooth borrowing experience.
Here’s a checklist to help you:
- Verify the lender’s licence
- Read online reviews
- Compare interest rates
- Understand the loan terms
- Assess customer service
Following these steps will help you find a reputable money lender near Newton.
Important Considerations Before Borrowing
When looking to borrow from a licensed money lender near Newton in Singapore, there are some key points you should keep in mind.
First, interest rates are crucial. Different lenders offer different rates, so it’s essential to compare them. Licensed money lenders typically have rates regulated by authorities, yet they can vary. Check for any hidden fees as well.
Next, think about the loan tenure. Shorter tenures mean higher monthly payments, but you’ll pay less interest over time. Longer tenures lower your monthly payments but increase total interest costs.
It’s also important to understand the repayment terms. Some lenders offer flexible terms that can be adjusted according to your circumstances. Make sure you know what happens if you miss a payment.
Documentation is another factor. Licensed money lenders generally require personal identification, billing details, and proof of income. Unlike banks, they usually have a simpler application process, which can be a significant advantage.
Don’t forget to consider the lender’s reputation. Look for reviews and testimonials from previous clients. A well-reputed lender is more likely to offer fair terms and good customer service.
Here are a few important tips:
- Interest Rates: Always check and compare.
- Loan Tenure: Understand short vs. long.
- Repayment Terms: Know what happens with late payments.
- Documentation: Gather necessary documents.
- Lender’s Reputation: Research reviews.
Taking the time to consider these points can help ensure a smooth borrowing experience. Make sure you feel confident and well-informed before making any decisions.
Frequently Asked Questions
When you’re thinking about borrowing from a licensed money lender, it’s smart to know as much as possible. Here’s what you need to know about the top-rated licensed money lenders near Newton and important details to consider.
What are the reviews for top-rated licensed money lenders near Newton?
The top-rated licensed money lenders near Newton have received positive reviews from many clients. For instance, Trillion Credit Solutions at Lucky Plaza and Lending Bee at Orchard Road are well-regarded for their reliable services and customer satisfaction.
Can foreigners obtain loans from licensed money lenders in Singapore?
Yes, foreigners can obtain loans from licensed money lenders in Singapore. Lenders like 1st LG Credit and Monetium Credit offer services to both locals and foreigners, provided they meet the necessary requirements such as proof of income and a valid work permit.
How much am I able to borrow from a licensed money lender?
The amount you can borrow from a licensed money lender depends on your income level. For example, if your annual income is less than $10,000, you can borrow up to $3,000. If your income is higher, you may be eligible to borrow a larger amount.
Which licensed money lender offers the lowest interest rates in Singapore?
Interest rates can vary, but Katong Credit Pte Ltd is known for offering competitive rates. It’s a good idea to compare the rates of different lenders such as Trillion Credit Solutions and Lending Bee to find the best deal for your needs.
Are there any new regulations affecting licensed money lenders I should be aware of?
In Singapore, the Ministry of Law has introduced new rules to protect borrowers. These regulations include caps on interest rates and fees, ensuring that borrowers are not overcharged. Always check for the latest updates to stay informed.
What are the safety considerations when borrowing from a licensed money lender in Singapore?
Safety is crucial when borrowing from a money lender. Make sure the lender is licensed by checking the Ministry of Law’s website. Avoid sharing personal details over unsecured platforms, and read the loan contract carefully to understand all terms and conditions.
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.