Recommended Licensed Money Lender
Posted by Tommy Soh on November 11th, 2020
Recommended Licensed Money Lender. Here is What You Need to Know!
Getting a fast cash loan can be challenging for some people. But, thanks to legal money lender in Singapore for making loans accessible for all. Banks have very strict requirements that render the majority of borrowers’ noncredit worthy. On the other hand, legal money lender in Singapore are very lenient in their requirements and have a very quick turnaround time. However, different money lenders offer varying terms and conditions for cash advance loans. Additionally, some are in dubious businesses and are not trustworthy.
Before engaging any legal money lender in Singapore, the following points are worth noting:
Requirements for a loan
Know how to spot an Illegal Lender
Bugis Moneylender respect the rules and regulations set by the ministry of law. Furthermore, their names can be found in the registry of moneylenders. The ministry of law regulates the operations of all the moneylenders in its registry. Unlicensed money lenders offer very high-interest rates, advertise through the social media something that is prohibited by the ministry of law, and also hold the client’s original documents even after completion of loan repayment.
Only sign a complete loan contract and get a copy
This stage of the loan application process is very crucial. This is because a contract document is an enforceable document before the court of law in the event of a dispute. If a copy of this document is not availed to the applicant, then the loan can be considered as a fraudulent activity. In this light, one can prosecute the lender. Additionally, one should not sign an incomplete contract. A complete contract comprises of the loan terms, repayment period, interest rate, and any other fee.
Why trust Bugis Money Lender?
Licensed – As discussed above all legitimate Money Lender Bugis, are registered by the ministry of law under the moneylender’s Act. This can be verified from the register of licensed moneylenders.
Quick Turnaround Time – Unlike banks, Bugis Money Lender have quick turnaround time. This is because they only have a few requirements and are not strict like banks
Simple Application Process – Money Lender Bugis offer a very simple loan application process as compared to banks. Their loan process involves less paperwork and fast loan approval.
Customized loan – Bugis Money Lender offer customized loans. They package their loans depending on each customer’s needs, budget, and ability to pay.
Before applying for any loan, one needs to have the above facts in mind. Know if the lender is legit, know the terms of the loan, and such information. Most people fall victim to loan predators in times of emergencies when they need unsecured loan Singapore because they do not take time to think through their decision.
Click the link to apply.
About the AuthorTommy Soh
Joined: October 6th, 2020
Articles Posted: 9
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