Licensed Money Lender
Personal Loan Holland Village
Singapore’s Holland Village, situated near the Botanic Gardens and just outside Orchard, has slowly gained popularity with most locals. It is known that the area was once a Dutch community, as many business ventures began along Lorong Liput and Lorong Mambong has the specific purpose of catering to most European families.
Over the years, it is now home to more overwhelming shops with a variety of restaurants and bars that have been the talk of the town. Before heading on the stroll down the area, take note that there is a newsstand that is a trademark of the village. Moreover, Holland Village has the Thambi Magazine Store where it’s guaranteed you’ll have any magazine you possibly want from across the globe!
How to Identify a Licensed Money Lender?
- A licensed money lender in Singapore will appear in the Registry of Moneylenders on the Ministry of Law’s website. If the company you are considering is not on the list, then you need to find an alternative creditor.
- Licensed moneylenders adhere to the government rules and regulations concerning lending. That means they don’t aggressively market their services via phone text messages and social media. Neither do they ask people to transfer money in the form of fees before they disburse a loan.
- Licensed moneylenders have physical offices. And they will not agree to give you loans until you go to their places of work for physical verification.
What to Consider When Taking a Loan?
When does it make sense for you to take a loan? Here are the simplest factors to consider when taking a loan:
- The amount you need: The loan amount affects your choice of loan. Moneylenders offer different kinds of loans. Some of the loans have high limits while others have low limits. If you want a big loan amount then you must find a loan product that caters fully to your financial needs.
- The interest rates: The rate that your moneylender charges will determine the total debt amount that you end up with. If you have two loans of a similar size but one has a higher interest rate than the other, then expect to pay back more for that high-interest rate loan.
- The loan tenure: The tenure of a loan is the period that you will be given to pay back the loan. The repayment period varies depending on the type of loan. The bigger the loan amount, the longer your repayment period will be. So, you need to ensure the loan product you want to apply for offers a reasonable length of time for you to pay off your debt. Otherwise, you may fail to pay off what you owe and then get into legal trouble.
How Can Loan Advisor Help You?
Loan Advisor is designed and primarily created to help borrowers to have their future deals easier to obtain which is made possible by an online comparison tool. From the website, people can easily find the most ideal loans available with updated information along with fair reviews. There, loans offered out in the market are compared only for your convenience.
Remember that Loan Advisor picks the best licensed or legal money lender in Singapore based on 3 criteria:
Licensed Money Lender in Singapore
Make sure they are applying for a legal or licensed money lender in Singapore, to learn if it follows the guidelines made by the Ministry of Law list to assure the lending is secured and transparent.
Check reviews from both experts and the actual customers to ensure the institutions people are checking offer or provide quality service.
The Best Rate in Town
Compare rates, fees, and other features from other licensed moneylenders within the area.
To avail and get upto three free quotes from the best licensed money lenders on Holland Village, feel free to fill out the form.
Summary of Top Legal Money Lenders of 2021
111 North Bridge Road
#01-41 Peninsula Plaza
470 North Bridge Road
#02-12 Bugis Cube
17A Circular Road
365 CREDIT SOLUTIONS
14 Scotts Road
#03-64 Far East Plaza
470 North Bridge Road
#02-01A Bugis Cube
2 Havelock Road
#02-08 Havelock II