4 Tips to Get a Legal Moneylender in Singapore |
Posted: October 27, 2017 |
Challenges in life can put us in a situation when we are suddenly hard pressed for a quick and urgent cash loan and our friends and family may either be unable or reluctant to lend us money. In such situations, you may have no other option than to turn to the bank or legal lenders. But banks processes can be difficult and a licensed money lender may become your best bet.The 2016 amendment of the Singaporean Moneylenders Act's has helped to strengthen the money lending industry. If you need a compliant licensed money lender in Singapore, Credit Hub Capital should be your first point of call because of their quality of service. However, it is always important to know in advance the interest rate of your licensed money lender in Singapore, Credit Hub Capital in my experience, usually, have one of the most competitive rates in the market. The interest rate should however not be the only factor to consider. The following tips will guide you to the best moneylender in Singapore
This may sound like a no-brainier but you will be amazed that lots of people do not think this through. This information will aid you in deciding which lenders can act in your best interest.
If you don't present know any good money lender, If you search using search words like “good licensed money lender in Singapore”, Credit Hub Capital among other results are likely to come out. You can then access each of them.
When dealing with financial matters, you will be better off if the entity has a physical location.
You also will want a money lender that can offer you a flexible payment plan and good interest rates. The level of documentation required before a loan approval depends on the particular licensed money lender in Singapore, CreditHub Capital for instance only requires you to provide basic documents for identification and employment.
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