Licensed Money Lender Personal Loan Geylang
The planning area of Geylang, which is located in the Eastern part of the Central Area of Singapore, is infamous as the red-light district.
But there is more to this township than its infamous reputation. Geylang’s proximity to the Central Business District makes it an excellent place for you to live in if you want an easy commute to the business hub. It has excellent transportation networks.
Additionally, the real estate market has great potential. Homes in the area have good rental yields. And as time goes by, the area is expected to benefit from gentrification. So by investing in property now, you will benefit from its appreciation value in the future.
The low prices make Geylang, despite its interesting reputation, a good investment now. Its affordability is definitely worth considering. And if you need additional funds to make your property livable, you can always get a personal loan.
Advantages of Taking a Loan With a Money Lender
If you are looking for a loan, you can get what you need from several sources. But not all sources of money are equal. That is why it pays to borrow money from a legal money lender. This is usually one that is regulated by the Ministry of Law and listed within its registry.
Advantages of borrowing money from a legal money lender in Geylang include the following:
- Moneylenders tend to have fewer requirements than banks. You are, therefore, more likely to access their loans when you need them. They have a lower rejection rate.
- Legal money lenders are regulated, unlike loan sharks. This means the interest rates they can charge you are capped. Also, such money lenders cannot harass you if you are not in a position to pay back the money you owe. They are restricted to using legal means to recover their monies.
- Moneylenders are obligated to be transparent in their dealings with you. So, you will be able to know beforehand how much your debt will be, and the terms and conditions for paying them off. You will not be hit with hidden charges.
- A legal money lender usually has the systems in place to process your loans quickly and efficiently. Once you qualify for a loan and fill in the paperwork, you will access your cash fast.
Steps of Applying for a Loan
If you need to apply for a personal loan from a licensed moneylender in Geylang, there is a procedure to follow. The basic steps include:
- Make an online application by filling the form provided on the money lender’s website
- Wait to see whether you are pre-approved for a loan
- Book an appointment at the money lender’s office for a physical consultation
- Go through the loan agreement customized for you
- Sign the documents
- Get your money
How Can Our Company Help You? Why Us?
At Raffles Credit, we offer personal loans to Singaporeans, PRs, and foreigners alike. All you need to do is to determine if you meet our eligibility criteria as a borrower.
If you do and make an online application, we will pre-approve and ask you to come to our offices for physical verification. When you agree to the terms and conditions and sign on the dotted line, we will advance you the cash that you need to meet your financial obligations. And we will do this within an hour!
If you are looking for a licensed moneylender in Geylang to give you a personal loan, Raffles Credit is here for you. And we have 5-star ratings and hundreds of positive reviews on Google and Loan Advisor as proof of how great our services are. We are strive to be your go-to Geylang Money Lender Singapore and will help take care of your financial needs today. Call us today at +65 6235 1788.
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