Welcome to Power Credit, Top Reliable & Trusted Licensed Money Lender in Singapore
Power Credit (Licence No:142/2021) is a legal and licensed money lender located In Tanjong Pagar of Singapore. We comprised of a core group of professionals that provide loans to tailor to all your needs. Call or apply a loan with us today for a non-obligation discussion on getting your loan application. Voted one of the best money lender in Tanjong Pagar in SG Top Choice .
Welcome to Power Credit, Top Reliable & Trusted Licensed Money Lender in Singapore
At Power Credit, we understand how the financial scenario is affecting every element of the society. We have established loan packages matched for residents, companies and also foreigners. Power Credit has been a leading certified money lender in Singapore with years of consolidated experience in our group. Our business has actually expanded under a solid structure of advancement to supply loan items that are adaptable. We have a strong group of economists prepared to supply custom-made financing products to you. If you are searching for fast and trustworthy accessibility to a finance for any kind of emergencies, give us a call today. Over the years, we have spent greatly in our (R&D) to develop market ready financing loans. Not just do we guarantee that our procedures align with the requirements of the Moneylenders Act and Rules, our group is always looking for originality out there to fulfill our expanding consumers’ demands. Right here are our cutting-edge loan packages:
Are licensed moneylender Singapore companies safeIt may seem surprising, but the answer is yes! The Moneylenders Act regulates all moneylending activities in Singapore, including those provided by licensed moneylenders. This legislation requires that borrowers should be treated fairly and without discrimination. All licensed moneylenders must also comply with the Code of Conduct for Moneylenders issued by the Monetary Authority of Singapore (MAS). Licensed moneylender In Singapore companies are required to obtain a license from MAS and have it regularly renewed to operate legally. The MAS is responsible for regulating the financial sector in Singapore, so they have taken many steps to ensure that moneylenders are operating legally. So, if you’re considering borrowing money from a moneylender Singapore company, it’s important to first and foremost check if they are licensed. If they are licensed, they are legal and will abide by the regulation laws.
What is a licensed moneylender Singapore companySingapore is modern, safe and has a stable economy. But there are times when you urgently need cash to pay for your wedding or buy a car. At these times, it can be difficult to get a loan from a conventional bank because you may not have enough income, financial information, or assets to back it up. This is where licensed moneylenders Singapore companies come into play. The main purpose of licensed moneylenders Singapore companies is to provide financial assistance to people who cannot get loans from traditional banks. Licensed money lenders are more flexible with approvals and repayment options compared to banks so borrowers receive financial aid fast. Licensed moneylender Singapore companies are also more flexible and can offer approval and repayment options that traditional banks will not consider.
How to verify if your licensed moneylender Singapore company is legalIf you’re looking to borrow money, it’s important to know that your lender is licensed and operating legally. Here are some tips on how to verify if your moneylender is legal:
- Check out the Moneylenders Directory. This list is updated regularly and contains information about all licensed moneylenders in Singapore.
- Call or email the Ministry of Law . They will tell you who is on their list of approved moneylenders, as well as provide any other helpful information about the process for obtaining a loan from one of them.
- Look for a license number on their website or paperwork—this shows that they’re legally registered as a money lender in Singapore!
What are illegal, unlicensed moneylender Singapore companiesIllegal money lenders, also known as loan sharks, are unlicensed lenders. They may claim to be licensed money lenders but are actually not registered under the Ministry of Law to provide loan services. These illegal lenders often resort to soliciting business through SMS or WhatsApp and coerce their victims into repaying via intimidation. As is the case with other illegal activities, the victims of this crime are usually the poor or low-income earners who cannot afford to pay their debts or ignorant elders who fall or such scams easily. The entire hiring process involves a lot of pressure tactics, which can be very stressful for the victim. If you would like to learn more about how to identify an unlicensed moneylender Singapore company, click here!
Lack of funds? We understand that obtaining financing from your financial institution is not easy. Whether you intend to renovate your home, acquire a car or truck, go on a trip or pay education charges, we have the ideal personal loan package for you.
Getting Married? We understand that obtaining financing from your financial institution is not easy. We have the ideal personal loan package for you.
Starting up a business? We understand that obtaining financing from your financial institution is not easy. We have the ideal personal loan package for you.
Have Bad Credit? We understand that obtaining financing from your financial institution is not easy. We have the ideal personal loan package for you.
Power Credit in Brief
Power Credit is a licensed money lender in Singapore, registered under the Ministry of Law (www.mlaw.gov.sg/content/rom/en.html) and operating in the Central Business District (CBD). We started out as a small company and with high satisfaction policy, we have become one of the highly rated money lenders in the country. Our success lies in our innovative staff. We have invested in a highly trained and experienced team of financial advisors to help us deliver beyond our clients’ expectations. Our team always goes to extra lengths to guarantee quality services for all our customers.
We have worked with thousands of Singaporeans, expats and businesses to provide the most reliable loan products. This has made us one of the highly moneylenders in the country. If you are looking for a reliable legal loan provider for all sorts of financial needs, give us a call. We have a dedicated loan assistant for every client and this makes it easy to follow up on the applications and repayments.
Over the years, we have streamlined our loan application process to make it easier for customers to access credit. Customers just need to fill up the online application form, and a dedicated loan officer will be giving you a call back to arrange for an appointment at our office to complete the application and hand you the cash upon approval. Our efficiency has earned us a strong customer base and we are proud to get most of our business from return customers and referrals. We invite you to join this happy family and enjoy the most flexible loan products in Singapore.
The Power Credit Advantage
Our money lender Singapore services stand out in a crowded industry because our business is founded on trust and integrity. There are no hidden administration fees and our loan advisors explain every detail of the agreement. We are also guided by a strict code of ethics, which has earned us the trust of the industry. We are very strict about the privacy of our customers’ details and our website is SSL protected. All our products and services are provided under the regulatory laws.
For a quick and low interest loan in the country, give us a call and let’s discuss the most flexible product to meet your needs.
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6 Reasons Why We Are One Of The Top Moneylenders
1. Quick Loans
Upon loan approval and agreement signed, we will provide you cash on the spot. Remember to bring along the required documents such as your NRIC/FIN card, Payslip, etc.
2. Friendly Service
Our loan assistants are friendly and knowledgeable in the field of money lending and will be able to advise you how to go about getting your loan. We will analyze your needs and because each of our clients needs are different and diverse, there are absolutely no obligations!
3. Flexible Repayment Scheme
Yes, in case you have problems repaying your loan on time, contact us and we will be able to work out an alternative repayment scheme on your loan. Be it a personal loan, a payday loan, business loan or fast cash, we have solutions for every need at your disposal!
4. Your Privacy is Assured
At Power Credit, your personal loan privacy is assured. All details will be kept confidential and with our secure database system, your details will never be divulged to 3rd party unless required by law.
5. Quick Cash Loans
When you have a financial emergency, we appreciate you need a quick solution. Out fast cash loans are disbursed to you once the loan is approved, and they are tailor-made to suit your needs.
6. Simple Processing
To access our loan packages, we need an NRIC copy or a valid work permit for foreigners, proof of income, and proof of residence. For business loans, more documents are required including NRIC copies for all partners, tenancy agreement for the company premises, and proof of assets, P&L statement, bank statements and current ACRA printout.
Things to Do When You Are Falling Behind on Loan Payments
Contact Your Moneylender
If you don’t do this, your creditors will have no idea of your circumstances and expect payment on time when you are simply unable to deliver. Instead, get in front of the situation and be honest about why you’re not able to make payments.
Remember that most money lenders are helpful and will work with their borrowers to make sure that you can repay your money eventually. They might give you an extension to repay your debts, reduce your loan payments, or even allow you to skip a month or two. Remember to bring up the circumstances that are causing you to delay payment, be it your health or loss of job.
Seek External Assistance
There are government financial schemes that you can take advantage of like “SupportGoWhere“, “Arise2care Community Services”, “Credit Counselling Singapore (CCS)” and other charitable institutions that can assist with your debts – giving you a chance to settle your bills and improve your credit.