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Address : 2 Havelock Road #02-08 Havelock II Singapore 059763 (Clarke Quay MRT)

Phone : 6336 0833

Rating : no reviews allowed

Address : 220 Orchard Road #01-08 Midpoint Orchard Singapore 238852 (Somerset MRT)

Phone : 6235 1788

Rating : no reviews allowed

Address : 470 North Bridge Road #02-12 Bugis Cube Singapore 188735 (Bugis MRT)

Phone : 6345 9123

Rating :
( 12 reviews )

Moneylenders Available 24/7

Nothing can be more blood-curdling than being in an urgent need of money – urgent as in “I need to apply for a loan right now.” Just a couple of years ago, you couldn’t find any lender that worked over the weekend.

Fortunately, things have changed. If you live in Singapore and you’re desperate, you can get ahold of a non-stop moneylending company. But now a question rears its ugly head: how do I make sure that the lender is genuine and properly licensed?

That’s really simple. Let’s take a look at:

Some General Guidelines

  1. Take a Look at the Interest Rates

If these are higher than average, it doesn’t necessarily mean that the lender is a scammer. It just happens that he’s offering more expensive rates than others. The best way to find out about the rates is to ask the lender directly.

There’s got to be a live chat on the site or a phone number you can dial. You can rest assured that no licensed lender will ever go overboard with the interest rates. Low interest rates are what keep many licensed moneylenders in business, so they’re compelled to lower them.

  1. Does the Lender Answer Promptly and Is the Application Process Quick?

If you have to wait for days on end until you hear from a lender, that’s a sign of unprofessionalism right there. In the same fashion, if the process of getting the loan involves all sorts of complex credit inquiries and other procedures, you should consider looking for another lender.

Many websites nowadays have application forms. These are great because you won’t have to go down to the lender’s office or call there to fill in your application form. What’s more, an online application form will get you an answer within 24 hours.

  1. Does He Need a Proof of Income?

A lender that does not need proof that you’re employed is a red light – it stands to show that he has no interest whatsoever in your financial situation, so he doesn’t care if you can pay back the loan or not.

We shouldn’t even mention this, but here it is anyway: it’s you who’ll pay back the money and face all the consequences of defaulting, not the lender. A lender that could care less about your income is a far cry from professional, and he’s after your money.

The first thing a lender should ask you is whether you’re employed or not.

Concluding Remarks

Not only that you can get your hands on the money, you need even on Sundays, but you have plenty of options both in lenders and types of loans.

Now that you know what exactly makes a lender genuine, you’re one step away from getting the money you need without jumping through too many hoops.

There are only three aspects you should be concerned with presented in this article, but they’re all packed with info and encompass everything a borrower should be aware of when looking for lenders.

30 Mins Express Loan Enquiry