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Raffles Credit Pte Ltd is a licensed moneylender (License No. 55/2021) listed in the Registry of Moneylenders, under the Ministry of Law in Singapore.

Licensed Money Lender Personal Loan Yio Chu Kang

Yio Chu Kang

Yio Chu Kang is an area located in the northeastern part of Singapore. Its early settlers were Chinese immigrants. And they are believed to have given the area its name based on the clan (Yio/Yeo) whose house (Chu) resided by the river (Kang) at the time.


Yio Chu Kang has come a long way since then. It now has both private and public residential properties. And there is plenty of lush greenery all around.


Yio Chu Kang is an attractive place for nature lovers. Among the attractions it offers are ORTO, which is Singapore’s first 24-hour leisure facility. Others include the Live Turtle and Tortoise Museum, Sengkang Riverside Park, and the Lower Seletar Reservoir Park.


If you find yourself in Yio Chu Kang, struggling to pay your bills even though you enjoy living there, consider getting a loan.


What Is A Payday Loan? 

A payday loan is a loan that you can get to meet your financial needs that arise before you receive your next paycheck. It is usually a short-term loan but often has a relatively lower loan amount offered.


The Advantages of Taking a Payday Loan

Despite the loanable amount and short loan tenure associate with payday loans, they offer several advantages. Below are some of these advantages:


  • Payday Loans Don’t Require Collateral

If you need a loan but have no collateral of any kind to offer, then payday loans are one of the most suitable loans for your needs. You can access them just by proving you are employed and thus earn enough to pay off your debts. There is no need to offer assets that you may not even have, as security for the loan.


  • Payday Loans Can Help Improve Your Credit History

To err is human. If you have made financial mistakes in the past that caused you to delay debt repayments or default altogether, your credit history probably reflects that. Unfortunately, those mistakes can have serious consequences in the future.


The good news is that payday loans can help you undo the damage. Because the loan amounts are often small, and the repayment periods short, you can borrow payday loans severally. So long as you continue to pay each debt off, it will reflect in your credit history. And over time, this will show up positively in your credit history.


  • Payday Loans Can Help You Cater To Financial Emergencies

Life is often unpredictable. No matter how much you plan for your life, financial emergencies can arise. Since moneylenders process payday loans fast and with minimal restrictions, you can use these funds to pay off bills whose deadline is soon due. That ensures that you avoid going into deeper debt.


How to Get a Payday Loan from Us?

Raffles Credit offers payday loans to residents of Yio Chu Kang and nearby areas. Here is what you need to do to get a payday loan from us:


  1. Use our online form to apply for a loan. Alternatively, you can call us. Ensure you provide all the details that we require from you.
  2. We will call you back if we approve the loan application. We will ask you to come to our offices with relevant documents so that we can customize your loan plan.
  3. Once our physical verification of your identity is complete, we will discuss the payday loan plan with you and clarify any issues you may have.
  4. If you are happy with the customized loan plan, we will ask you to sign the loan agreement.
  5. After you signed, we will give out the cash.


Conclusion – Why Get From Us

At Raffles Credit, we believe in being there for our customers. That’s why we work quickly to provide payday loans to eligible borrowers in Yio Chu Kang.


If you need financial help today, call us at +6562351788.

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