Introduction
Finding a good moneylender can be challenging. Many options exist, but not all will give you the best loan terms.
That’s why we’ve put together this list of five licensed moneylenders in Singapore and what they offer. Keep reading to learn more about each one so you can make an informed decision!
First Credit.
First Credit is a licensed moneylender in Singapore. First Credit has been in business for over 30 years and is one of Singapore’s oldest moneylenders.
With its wide range of loan products and good reputation, First Credit has earned its status as one of the top lenders in Singapore.
Fortuna Credit.
Fortuna Credit is one of the oldest licensed moneylenders in Singapore. It has been in operation since 2010 and has a good reputation for being fair and honest.
They offer personal loans, credit cards, home improvement loans, and other financial products.
Fortuna Credit is also a member of the Moneylenders Association of Singapore (MLAS).
Max Credit.
Max Credit is a licensed moneylender that offers personal loans and credit cards. They have been in business for over twenty years, and AMLS has certified them as one of its members.
Max Credit provides loans from S$1,000 to S$50,000 at an interest rate of up to 2.99%. This rate applies to both their secured and unsecured loans.
The minimum loan amount is S$2,500, while the maximum amount depends on your loan-to-value ratio (LTV).
For instance, if you have a car worth $20K and apply for an unsecured loan with a 90% LTV, you can get up to $18K out of this deal.
Champion Credit.
Champion Credit is a licensed moneylender in Singapore. They offer personal loans, credit cards, and more.
They have branches all over Singapore and even have an overseas office in Malaysia.
The Champion Credit mobile app lets you view your loan balance and payment schedule on the go.
123 Credit.
123 Credit is a licensed moneylender in Singapore and has been since April 2014. 123 Credit is also a member of the Moneylenders Association of Singapore (MLAS), which means that it has met the high standards set by MAS to become an active member of MLAs.
As such, 123 Credit is subject to rules regarding interest rates, customer service practices, and procedures for loan applications.
123 Credit customers can apply for loans online without physically visiting any other location except their home or office.
Learn about moneylenders in Singapore and pick the one that’s best for you
Moneylenders in Singapore offer a range of services to meet your needs. The best way to determine which suits you is by comparing the fees, interest rates, and reviews of licensed moneylenders in Singapore.
We have created this list of 5 good licensed moneylenders that are worth considering when you need a loan:
- Credit Central Pte Ltd – Moneylender License Number: MAS1009939G
- First Credit Pte Ltd – Moneylender License Number: MAS1069053C
- Unique Monetary Services Pte Ltd – Moneylender License Number: MAS1059328U
Conclusion
In conclusion, there are many different moneylenders in Singapore, and it cannot be easy to pick the right one for you.
Make sure that the company you choose has an office near where you live or work so that it’s easy for them to get there quickly when needed.
You also want someone who knows everything about the process of lending money so they can answer any questions that come up during this time.