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Raffles Credit Pte Ltd is a licensed moneylender (License No. 58/2022) listed in the Registry of Moneylenders, under the Ministry of Law in Singapore.

Licensed Money Lender Personal Loan Boon Lay

Money Lender Boon Lay

It may often be perceived as an outlying small neighbourhood of Jurong, Boon Lay has evolved into a charming mature estate with the established conveniences of great hawker hotspots of the Food Village, shopping centres, the Jurong Lake Gardens, and MRT stations. 


The accessibility of good schools and the revival of the original estates and modern BTOs have also attracted an influx of growing families and younger residents.

Being located between the Jurong Lake District and Innovation District, and with an additional 5 train stations in the pipeline, we can expect that savvy homebuyers will see Boon Lay of greater value, and with an even more favourable harmony of work, eat, and play. 


If you’re near Boon Lay and looking to upgrade your home, but are short of funds, Raffles Credit’s Bridging Loan – let you secure your more comfortable space in no time.


What Is A Bridging Loan And How Does It Work?

As the name suggests, a bridging loan is financial assistance you take to be used for the purchase of your new home when upgrading to a larger HDB flat or acquiring private property. The loan works as a bridge for the gap between the purchase of your new home while waiting for the sales proceeds of your current flat. 


To jumpstart your application, borrowers must secure an Option to Purchase (OTP) as a supporting document to state your exclusive right to acquire the property. Our unsecured loan with flexible loan terms can easily fund your dream home purchase up to 6X your monthly income. 


Advantages Of Taking A Bridging Loan From A Money Lender

With the desirability of larger flats that are more comfortable for growing families, there is usually a very short window to guarantee your new property acquisition. This is crucial especially when you need to settle a large down payment quickly. 

  • Easy to satisfy eligibility: Compared to banks that are stringent on qualifications, licensed moneylenders have simpler requirements, and you don’t have to worry about your credit history or score.
  • Faster approval than banks: Eligible applicants can get their application approved within an hour, and borrowed cash can be received in person on the same day.
  • Low-Interest Rates: Licensed money lenders can only charge up to a 4% interest rate, while a bank’s interest rate varies depending on your loan plan.
  • Flexible Loan Terms: Licensed money lenders offer flexible loan packages with terms that are tailored to the borrower’s unique financial situation.

How To Apply?

Eligibility

Singaporeans and Permanent Resident applicants who are at least 18 years old and have an active minimum monthly income of $1,500 are eligible to apply.


Requirements

  • Identity Card / NRIC
  • Proof of residence (utility bill, a letter addressed to you and/or tenancy agreement)
  • Proof of employment (certificate of employment if your job is less than 3 months)
  • Recent 3 months payslip
  • SingPass ( to log into CPF, HDB, IRAS website)
  • Copy of the “Option To Purchase” (OTP)

3 Easy Steps

Step 1: Send us a filled-out form online, wherever you are, and immediately receive a confirmed appointment for your visit at our office. 

Step 2: At our office, our friendly loan officers will discuss with you your customized loan plan in detail to make sure you get the exact financing that you need. 

Step 3: Once your loan plan is finalized, agreed upon, and signed, you will receive your cash in no time.


How Can Raffles Credit Help You?

Everyone should have equal and easy access to financial services, no matter their credit background or current financial capabilities. Raffles Credit empowers you to achieve your financial balance through our wide range of loan plans with the lightest interest rates possible. 


With our pursuit of excellent customer service, simplest loan processes, and ethical way of business, we can help you stay on top of your finances with peace of mind. If you need an urgent finances, visit Raffles Credit the best Licensed Money Lender Near Boon Lay. 


Conclusion

In this time and age, our concept of home has evolved into a safe space to nurture our body and mind. And if you have found your next safe haven, we’d love to help you move to your dream space. Securing your next home purchase doesn’t have to take longer. Send us an appointment form and get your urgent cash loan today.

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