Licensed Money Lender Personal Loan Ang Mo Kio
Ang Mo Kio (AMK) used to be a densely forested place that was filled with swamps. It was only during the late 19th century that settlers were drawn to the area, thanks to the boom of the rubber industry.
Today, AMK is no longer the uninhabited landscape that it once was. Fortunately, it’s still filled with natural gems like the Bishan-Ang Mo Kio Park and Ang Mo Kio Town Garden.
If you happen to need a cash loan while you’re in AMK, this post will help you through the process.
How to get a fast cash loan?
Getting a loan these days isn’t difficult. However, before you get one, here are 3 things that can help ensure that your application process goes quickly and smoothly:
Be wary of illegal moneylenders
The first step is to make sure that you’re actually dealing with a legitimate company. The Singapore Police Force has posted these tips to help borrowers avoid loan scams. We also have an in-depth guide here to help you recognize unlicensed moneylenders.
Prepare required documentations
Once you’re sure that you’re working with a licensed moneylender, the next thing you should do is to prepare all the documents you need. This information is typically listed with the loan that you plan to apply for.
Find out about any collateral requirements upfront
Banks typically require borrowers to provide collateral for the loan’s security. This type of loan is called a “secured loan”.
A collateral is any asset that has monetary value, like a vehicle or a property.
When a borrower fails to pay back their loans, the lender takes the collateral to compensate for what the borrower owes.
Moneylenders, on the other hand, offer unsecured loans. This means that you don’t have to offer anything of value to get your cash.
Advantages of taking a loan with money lender
- Fewer conditions & requirements: Banks are usually strict when it comes to loan requirements. Licensed moneylenders, meanwhile, only require a few easy-to-obtain documents from you.
- Convenient process: Oftentimes, you can start the application process from the comfort of your own home while waiting for approval.
- Quick approvals: The evaluation process of moneylenders is generally quick and easy. Borrowers can even get their money on the same day that they applied.
How can Raffles Credit help you?
Raffles Credit has been in the moneylending business since 2011. Over the years, they’ve established a good record with customers, thanks to their great selection of loan packages.
Today, Raffles Credit continues to stay committed to their vision of providing convenient financial assistance to their customers, anytime they need it.
Not only are they the best lender in Raffles, but they also belong to the Top 10 moneylenders in all of Singapore.
Contact us at 6235 1788 or [email protected] to get approved fast!
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