Licensed Money Lender
Personal Loan Bukit Merah
Many may not know but the place Bukit Merah originally came about after red soil was discovered after the area’s excavation in the 59s. In Malay, it literally translates to “red hill.”
Summary of Top Legal Money Lenders of 2022
It is apparently known for its many landmarks such as the Mount Faber – the highest point along the southern coast of Singapore – and the Mount Faber Park, the Labrador Park, the Singapore General Hospital, Telok Blangah Hill on which stands Alkaff Mansion, the HarbourFront Centre (formerly the World Trade Centre), VivoCity, as well as the Tiong Bahru and Redhill Mass Rapid Transit (MRT) stations.
Also, along Bukit Merah, the Silat Road Sikh Temple can be found. It has the biggest palki, which is the Sikh Holy Book, it weighs 20 tonnes and is approximately measuring three meters long, one and a half meters wide and four meters high.
If you happen to be tight on the budget while enjoying your stay in the area, you can always look for legal money lenders within the vicinity! Luckily, there’s a much easier way to find them through Loan Advisor!
How to Identify a Licensed Money Lender?
You can easily verify a legal money lender by checking the list of licensed moneylenders in the Registry of Moneylenders, under the Ministry of Law in Singapore here.
Note that legal money lenders in Singapore will not use threatening behavior. You will need to visit the licensed money lender’s office to process the loan agreement.
Licensed moneylenders will not also ask for your SingPass Password or any delicate or sensitive information unless necessary and licensed moneylenders will always perform due diligence and walk you through the process every step of the way to ensure the customers are fully aware and informed.
Factors to Consider Whenever Taking a Loan
Before getting a loan, it is important to consider which is the best licensed moneylender Singapore to borrow from and what is best suited for your financial needs. Moneylenders should not only give you the best interest rate, but it also needs to be licensed and fully registered with the Ministry of Law.
Before taking up any kind of loan, make sure you:
- Are fully-aware of the Singaporean government’s financial assistance schemes, which have no or low-interest rates and will provide you with other suitable amounts for your needs
- Able to fulfill your contract and agree legally to the discussed terms and conditions
- Have enough income to repay the borrowed amount
- Understand the language used in the contract
- Have compared the low-interest rates for yourself
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.
Moreover, Loan Advisor picks the best licensed or legal money lender in Singapore based on 3 criteria:
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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.
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Customer Review
Check reviews from both experts and the actual customers to ensure the institutions people are checking offer or provide quality service.
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The Best Rate in Town
Compare rates, fees, and other features from other licensed moneylenders within the area.
To avail and get at least three free quotes from the best licensed money lenders on Bukit Merah, feel free to fill out this form.
