Tur Mohar Licensed Money Lender is a licensed moneylending service in Singapore. Founded in January 2019, this company offers a range of financial products, including personal, business, and foreigner loans. With a focus on client satisfaction and competitive rates, Tur Mohar aims to help borrowers manage their short-term cash flow problems efficiently.
What sets Tur Mohar apart is its commitment to providing excellent service. As a Registrar of Moneylenders (IPTO)-licensed moneylender, they assure their customers get the best rates and terms. This dedication has made them a trusted name among borrowers in Singapore looking for reliable financial support.
Tur Mohar has received positive feedback for its customer-centric approach and innovative financial products. Whether you need a personal loan to bridge the gap between paychecks or a business loan to support your start-up, Tur Mohar licensed money lender offers tailored solutions to meet diverse needs.
Key Takeaways
- Tur Mohar is a licensed moneylender in Singapore offering various loans.
- Known for excellent customer service and competitive rates.
- Positive reviews highlight their reliability and effective loan products.
About Tur Mohar Money Lending Pte Ltd Licensed Money Lender
Tur Mohar is known for providing personal, business, and foreigner loans. With a significant presence in Singapore, the company emphasises transparency and customer satisfaction.
Incorporation:
Tur Mohar Money Lending Pte Ltd was incorporated in January 2019 in Singapore.
Licensing:
It is a legally licensed money lending service. They are registered under the Registrar of Moneylenders (IPTO).
Services Offered:
They offer various loan options including personal loans, business loans, and foreigner loans. They cater to people of all income levels.
Location:
Their operating outlet is located at 5001 Beach Road, #07-39, Golden Mile Complex, Singapore 199588.
Contact Information:
You can reach them via their landline at 62942219.
Client Satisfaction:
The company prides itself on achieving 100% client satisfaction through its services and financial products.
| Website | N/A |
| License No | 73/2024 |
| Address | 5001, BEACH ROAD,#07-39, GOLDEN MILE COMPLEX, SINGAPORE 199588 |
| Phone | 62942219 |
Loan Products
Tur Mohar Licensed Money Lender offers various loan products to suit different needs. Whether you are a foreigner looking for financial support, an individual seeking personal loans, or a business owner needing funds, there is a range of options available.
Foreigner Loans
As a foreigner in Singapore, you might need financial support for various reasons. Tur Mohar provides loans specifically tailored for non-residents. These loans often come with flexible repayment plans to accommodate your unique situation.
To apply, you generally need a valid employment pass or work permit. The loan amounts usually range from small to moderate sums, enough to cover expenses such as emergencies, education, or travel.
Monthly interest rates are competitive. Loan approval is generally quick, often within a day. Requirements: proof of income, identification, and address verification.
Personal Loans
Personal loans at Tur Mohar are designed to meet your everyday financial needs. Whether it’s for education, medical expenses, or any other personal matter, these loans offer flexible terms and competitive rates.
The loan amounts can vary greatly, allowing you to borrow a suitable amount for your needs. Fees and interest rates are transparent, making it easier for you to plan your repayments.
Approval is quick, typically requiring just a few documents such as identification, income statements, and proof of residence. You can even choose between various repayment schedules to best suit your financial situation.
Business Loans
For business owners, Tur Mohar offers business loans that can help with operational costs, expansion, or new ventures. These loans come with tailored terms to match the needs of small and medium-sized enterprises (SMEs).
The loan amounts can be substantial, providing enough funds to cover significant expenses. Eligibility criteria: business registration, financial statements, and sometimes a business plan.
Interest rates are competitive, and you can expect a straightforward application process. The lender may also offer advice on which loan product best suits your business needs. Supporting documents: business registration and financial statements. Application approval is often faster than traditional banks, offering an efficient way to secure the necessary funds.
Reviews
Tur Mohar licensed money lender has received positive feedback from many borrowers.
Customer satisfaction is a common theme. People appreciate the quick and efficient process of obtaining loans.
Foreigners have mentioned that they find it easy to get loans through Tur Mohar. This company provides various loan types that suit different needs.
Borrowers frequently highlight the competitive interest rates. This makes Tur Mohar a favourable option.
The company’s approachability and friendly staff are also noted often. Clients feel comfortable and supported.
Here’s a summary in a list format for clarity:
- Quick and efficient loan process
- Easy for foreigners to obtain loans
- Competitive interest rates
- Friendly and supportive staff
Frequently Asked Questions
When considering a loan from Tur Mohar or any other licensed moneylender, it’s important to understand the interest rates, how to verify authorisation, and what terms and conditions typically apply. You’ll also want to know how to report grievances and trust feedback.
What are the interest rates charged by regulated money lenders?
Regulated money lenders in Singapore, like Tur Mohar, follow strict guidelines. Interest rates are capped at 4% per month. This is to ensure that borrowers are protected from unreasonable charges.
How can I check if a money lender is officially authorised?
You should always verify the legitimacy of a money lender before engaging with them. Check the Ministry of Law’s list of licensed money lenders on their official website. This ensures you are dealing with a regulated and credible entity.
What should I consider before taking out a loan with a money lender?
Think about your financial needs and repayment ability. Explore all alternatives, such as government assistance schemes. Make sure you understand the loan terms and your monthly instalments to avoid financial strain.
Can I trust the feedback on money lenders I find online?
Online reviews can be helpful, but always approach them with caution. Look for reviews on reputable sites and consider multiple opinions to get a balanced view. Verified customer experiences are usually more reliable.
What are the common terms and conditions offered by money lenders?
Terms and conditions can vary, but most include the loan amount, interest rate, repayment schedule, and any penalties for late payments. Reading the fine print carefully ensures you know your commitments and responsibilities.
How do I report any grievances related to a transaction with a money lender?
If you have any issues with a transaction, you can report them to the Registry of Moneylenders. They handle complaints and ensure that money lenders comply with regulations. This protects your rights as a borrower.
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.
