Licensed Money Lender
Personal Loan Clarke Quay

Aside from its vibrant nightlife, Clarke Quay also gives you access to parks and temples. Not only does it give you a place to party at night, but it also gives you places to sit back and unwind. 

If you are running short of cash while in Clarke Quay, you may want to consider getting a loan from a best money lender in Singapore.

How to Identify a Licensed Money Lender?

In case you need to get a personal loan, there are several money lenders in Clarke Quay. However, you have to be careful because not everyone is licensed. Some are also loan sharks that aim to collect higher payment from you. To know who is a licensed moneylender, consider these characteristics: 

• Check out the list of licensed money lenders in Singapore published by the Ministry of Law. You may access the list here. If you have been approached by a company, not on the list, then you need to find a different creditor. 
• Spot the behaviors that may manifest irregularities. Aggressive marketing and transfer of money disguised as fees before the disbursement of the loan are some of the actions not sanctioned by rules and regulations on lending. 
• Check their physical offices. When you apply for a loan, it is better to have at least one time visit to their physical office before getting a loan.

Factors to Consider When Taking a Loan

Now that you have an idea of how to know if the money lender is licensed, the next step is to know the factors when taking a loan. Here are some of the things that you may want to consider: 

1. Amount needed

Each loan offers a minimum and maximum amount that may be borrowed. Sometimes it will also depend on the credit score of the borrower. Thus, it is important to determine first the amount of money you need. 

2. Interest Rates

Payment of the interest of the loan is a serious commitment. Thus, before getting one, make sure that you can pay the interest rate of the loan. 

3. Loan Tenure

The amount of time needed to repay the loan is an important consideration. There must be a faithful commitment of repayment. Otherwise, you run the risk of being in default.

How Can We Help You?

Getting a loan may be intimidating to some. Given that it has serious legal implications, not everyone may understand the terms and obligations in a loan contract. This is where we come in. Our goal is to help you in the process of your loan application. 

To get a quote from the best-licensed lenders in Clarke Quay, feel free to send us a message.