Licensed Money Lender
Personal Loan Potong Pasir
Located in the Central Region of Singapore, Potong Pasir is a housing estate with plenty of options for recreation, shopping, and educational amenities. It is in the spotlight for affordable residential housing prices. It is not far away from transforming into a trend-setting community with unlimited investment potential.
Summary of Top Legal Money Lenders of 2022
If you are planning to invest in Potong Pasir, and want to apply for a loan, there are certain things that you must consider before finalizing the terms with a moneylender Singapore. Here are a few things that you must check before finalizing a loan deal.
How to Identify a Licensed Money Lender?
When you take a loan in Singapore, it is necessary to take a loan from only a licensed lender to be protected by the law.
- The most important is that a licensed moneylender should be on the list of Registry of Moneylenders. All the information must be an exact match like that in this list. The list is updated regularly, so if a piece of information does not match, you need to be careful.
- A legal lender will never ask you to send money online. Legal moneylenders will require face-to-face appointments, paperwork, and proper procedures.
- A legal lender in no circumstances can retain your IDs, documents, or NIRC card.
- They must explain to you the terms and contract in detail. You must be careful if they fail to do so.
Factors to Consider When Taking a Loan
- Type of Loan: There are many types of personal loans available in the market. It can be a secured or an unsecured one. Analyze your requirements and find the best loan that is suitable for your needs.
- Interest Rates: Identifying the lenders which give the best interest rate is a necessity. You must be sure that there are no hidden fees included in the rate.
- Length of Loan: A late payment repayment of the loan will lead to a penalty. So you must know the ideal loan repayment duration that’s feasible for you, considering other expenses that might come during this duration.
How Can Loan Advisor Help You?
We at Loan Advisor have made it possible to get you to the best moneylender located in Potong Pasir. You have to fill the form to get quotes from them.
Rest assured, we will send you the best comparison to help you make a smart financial decision. It will help you save valuable time and enjoy faster approvals.
