Benefits of Choosing Payday Loan from Licensed Money Lender Singapore

Posted by sora on July 11th, 2017

If you have decided on taking a payday loan in Singapore but are not sure where to go to get one, always choose a licensed money lender.

Money lenders are not allowed to advertise or even send you any text messages of any sort to advertise or tempt you to take a payday loan. By sending text messages, money lenders would be violating the payday DNC act and the money lenders act and you can report them. These acts are in place to protect the general public from being lured into taking payday loans when money lenders dangle a carrot in times of need.

The unexpected happens all the time and you may find yourself needing cash urgently, whether it is for business cash flow problems, or when you need to make an urgent purchase. An instant payday loan is a quick way to help you tide over. It is advisable to take an instant payday loan from licensed money lender Singapore.

What are the benefits of an instant payday loan in Singapore?

1. Firstly, it is simple. No complicated and long procedures are needed. All you need is in a few simple steps and is almost hassle-free.
2. It is also almost immediate as the name implies. It is in most instances, safe, as long as the money lender you take your payday loan out from is licensed.
3. If you have had bad credit before, don’t worry. As long as you meet the money lender’s requirements for taking out a payday loan in Singapore, you can still borrow the sum of money, subject to approval.

You often will see advertisements of money lenders online, business or consumer directories, ads within the premises of the money lender’s office. All other means of ads are prohibited. Such materials like text messages, flyers, and unsolicited emails are not permitted and should be reported. These should be reported.