Licensed Money Lender Personal Loan Bukit Timah
Bukit Timah is a residential estate that is located in the western part of Singapore’s Central Region. It is very close to the CBD.
Bukit Timah is great for those interested in living in landed properties or luxury condos. The area is considered prime real estate and thus makes for an excellent investment.
Bukit Timah offers lots of multicultural experiences since plenty of expatriates live there. And your children will enjoy learning at international schools in the area. If you love nature, the Bukit Timah Nature Reserve is right there. If you need additional funds to get settled, consider getting them from a money lender.
Advantages of Taking a Personal Loan with a Money Lender
There are several reasons why you should think about getting a personal loan with a licensed money lender rather than other kinds of lender:
They are regulated
The Ministry of Law regulates the licensed money lenders that operate within Singapore. The lenders that appear on their list are expected to adhere to the rules set by the government. So, they are accountable.
Accountable lenders will stick to the rules, which are meant to prevent usury. That means you won’t be given loans at extremely high-interest rates that make debts unmanageable for the ordinary person. The maximum interest rate you will be expected to pay every month is usually 4% or less.
Personal loans have reasonable terms
Loans come in many forms. Some are short-term while others are long-term. But personal loans are among the best kinds of loans there are in Bukit Timah, Singapore.
You can receive loans that are up to 6 times of your monthly income. Most of them don’t require collateral and have no hidden charges. That means you can get the loans that you need even if your credit history is a bit negative.
They are multi-purpose
Some loans have restrictions on how you can use them. That is not the case with personal loans. You can use them for any personal needs that you may have. This includes financing a car purchase, covering travel costs, or even catering for your wedding expenses.
Steps of Applying for a Personal Loan
There is a process to applying for a personal loan. You need to follow them to maximize your chances of getting the funds that you need. Here’s what you need to do:
- Access the website of the money lender in Bukit Timah that you want to borrow from. You can also call them if you prefer.
- Fill in the online form that is usually provided on the website. Be sure to specify how much you want and your monthly income. And remember to provide your phone number for feedback.
- Once your loan application has been pre-approved, you will need to set up an in-office appointment.
- Show up at the physical office for verification. Be sure to go with all the needed documents. Listen to the terms and conditions set out for you.
- If you agree to the terms, sign the paperwork and receive your cash instantly.
How Our Company Can Help You?
Raffles Credit is one of Singapore’s licensed moneylenders. We offer loans to Bukit Timah residents. You can access a wide variety of loan products from us, including personal loans. Our activities are regulated, which means we offer what you need at fair terms.
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