Licensed Moneylender
Personal Loan East Coast

This is a good area to live in if you want to enjoy white sandy beaches, access to an international airport, and great eating spots. You will also have access to parks and camping grounds if you choose to live in the region.

And if you need the funds to do it, then you could find a legal money lender in Singapore.

How to Identify a Licensed Money Lender?

Not every creditor that offers loans on the East Coast is a licensed money lender. Some are loan sharks that have predatory lending behaviors. You can determine who a good moneylender is though. Here are some of their characteristics:

• 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 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.

• 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 Our Company Can Help You? Why Us?

It takes time and energy to find the right kind of loan for your needs. Comparing the loan products, amounts offered, interest rates, and terms and conditions can be very confusing. That is where we come in.

Loan Advisor offer up to three free quotes from the best-licensed lenders in the East Coast, feel free to fill out the form and we will contact you soon!