S P Credit Licensed Money Lender began its operations on 14 November 2018 and has since gained recognition for its reliability. This licensed lender in Singapore offers a variety of loan options tailored to meet the needs of borrowers from diverse income levels. Whether you need a personal loan, business loan, or a short-term loan, S P Credit provides flexible solutions to help you manage your finances.
Boasting a licence from the Registry of Moneylenders, S P Credit stands out as a trustworthy option amidst the many choices available. Borrowers have reported positive experiences, highlighting the lender’s commitment to providing clear and fair loan terms. The transparency and customer-centric approach of S P Credit have helped it build a solid reputation.
For those seeking a dependable lender in Singapore, S P Credit offers a variety of loan products and has garnered positive reviews from clients. This review aims to provide you with all the information you need to make an informed decision, ensuring you have a smooth borrowing experience.
Key Takeaways
- S P Credit is a licensed lender offering various loan products
- The lender has earned positive reviews from clients
- S P Credit is known for clear and fair loan terms
About S P Credit Pte Ltd Licensed Money Lender
S P Credit is a licensed moneylender in Singapore, known for providing various loans to residents. This section explains the company’s background and its key services:
- Established: S P Credit Pte Ltd has been serving the public since 1998.
- License: The company is licensed by the Registry of Moneylenders, Ministry of Law, Singapore.
- Services Offered: S P Credit provides personal, business, and short-term loans.
- Contact Requirements: Borrowers must meet in person at the approved place of business for identity verification.
- Reputation: S P Credit is well-regarded for following regulations, including the prohibition against soliciting loans via WhatsApp, text messages, or phone calls.
- Location: The approved business locations ensure secure and legitimate transactions.
Feel free to reach out if you require flexible loan options from a trustworthy lender in Singapore.
Company Details
| Website | https://spcredit.com.sg/ |
| License No | 39/2024 |
| Address | 43A, CAMPBELL LANE, #02-00, SINGAPORE 209915 |
| Phone | 62916396 |
Loan Products
S P Credit offers a variety of loan products designed to meet different financial needs. These include personal, business, and short-term loans, each customised to provide flexible and accessible financial solutions.
Personal Loans
Personal loans from S P Credit are ideal if you need funds for various purposes such as medical expenses, home improvement, or debt consolidation. These loans are tailored to suit your specific financial needs and come with competitive interest rates.
Loan Features:
- Flexible repayment periods
- Adjustable loan amounts based on your income and credit profile
- Simple application process with minimal paperwork
The process to apply for a personal loan is straightforward. You’ll need to provide proof of income, identification documents, and other relevant paperwork. The approval process is quick, ensuring you receive funds promptly when needed.
Business Loans
For businesses in need of financial support, S P Credit licensed money lender offers business loans designed to help with various needs such as expansion, investment in new equipment, or improving cash flow. These loans are crafted to provide your business with the necessary financial boost.
Loan Features:
- Customised loan amounts based on business performance and needs
- Flexible repayment options to match your cash flow
- Fast approval process to ensure funds are available when required
Applying for a business loan involves submitting business registration documents, financial statements, and other relevant business information. Tailored solutions are provided to support the growth and stability of your business.
Short Term Loans
Short-term loans are perfect if you need a smaller amount of money for a brief period. These loans help you manage urgent expenses without long-term commitments. They are particularly useful for unexpected costs or bridging small gaps in your budget.
Loan Features:
- Quick disbursement of funds
- Short repayment periods typically ranging from a few weeks to several months
- Simple application process with easy documentation requirements
To get a short-term loan, you will need to provide basic identification and income proof. Approval is usually fast, allowing you to address your immediate financial needs efficiently.
Each loan product at S P Credit is designed to be accessible, efficient, and tailored to meet your specific requirements, ensuring a positive borrowing experience.
Reviews
S P Credit licensed money lender has received positive feedback from many clients since it began operations in November 2018.
Clients often highlight the friendly and helpful staff, making the process smooth and straightforward. Many appreciate the quick approval times.
Highlighted Reviews:
“The staff were understanding and helped me through every step. I got my loan quickly!”
“Efficient service with a smile. Highly recommend S P Credit.”
Users also commend the variety of loan options. The personal touch in their services is frequently noted.
Typical User Comments:
“Good range of loan options suitable for different needs.”
“Personalised service made me feel valued as a customer.”
Clients feel confident with S P Credit. Their transparency and professionalism are often mentioned.
Comments on Transparency:
“Everything was explained clearly with no hidden fees.”
“Professional and trustworthy company.”
Your experience at S P Credit is likely to be positive with quality service, fast approvals, and a range of loan options.
Overall, customers appreciate the professional and friendly approach that S P Credit provides.
Frequently Asked Questions
Licensed money lenders in Singapore operate under strict regulations to ensure borrower safety and trust. Understanding their security measures, how to verify their licences, and other key information can help you make informed decisions.
What security measures do licensed money lenders in Singapore have in place?
Licensed money lenders in Singapore follow strict guidelines set by the Ministry of Law. They ensure data security through robust digital encryption systems. Additionally, they must comply with rules that prevent harassment and unethical selling practices.
How do I verify the legitimacy of a moneylender’s licence?
You can verify the legitimacy of a moneylender’s licence by checking the Registry of Moneylenders’ website. Ensure the lender is listed and their details match the information provided. This helps confirm you are dealing with a trustworthy entity.
What should I consider before taking out a loan from a licensed money lender?
Consider the interest rates, repayment terms, and any hidden fees. Assess your financial capability to repay the loan on time. It’s also important to read the loan agreement carefully and understand all terms before signing.
Could getting a loan from a licensed money lender affect my credit score?
Yes, taking out a loan from a licensed money lender could affect your credit score. Late repayments or defaults are reported to the credit bureau, which can impact your creditworthiness. Timely repayments could help improve your score.
What is the maximum amount I can borrow from a licensed money lender?
The maximum amount depends on your income. If your annual income is less than $20,000, you can borrow up to $3,000. If it is $20,000 or more, you can borrow up to six times your monthly income.
How can I lodge a complaint against a licensed money lender if I encounter any issues?
If you encounter any issues, you can lodge a complaint with the Registry of Moneylenders. Provide details of the problem and any supporting documents. The Registry investigates complaints and takes appropriate action if necessary.
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.