Licensed Money Lender
We offer sensible interests rates for personal loans and pay day loans. We also aim to offer easy and problem-free to understand individual loan services for our their clients. Once all the files and contracts are complete at the point of registration as specified by law, we process the loans on the area to guarantee you get your loans quick in accordance with the law.
With a clear and transparent rates (interest rate) structure in place, we have different flexibile payment options and customise your loans for your personal needs.
We value honesty, fairness and transparency in our company transactions and our terms and conditions are straightforward without any small prints.
We are licensed in Singapore as legal money loan providers and you may have a few of the concerns listed below:
What need to I consider before using up a loan?You are legitimately bounded to honour the agreement and agreement with any licensed money lender. You are encouraged on think about the responsibilities thoroughly before you become part of one.
Just how much can I obtain?
For secured loans, you can acquire a loan of any quantity. For unsecured loans, you can obtain: Up to $3,000, if your yearly earnings is less than $20,000; Up to 2 months’ earnings, if your annual earnings is $20,000 or more but less than $30,000; Up to 4 months’ income, if your yearly income is $30,000 or more however less than $120,000; andAny amount of money, if your annual earnings is $120,000 or more.
What are the rate of interest lenders can charge?
If your annual earnings is $30,000 and below, the interest rate for both protected and unsecured loans is capped at:13 percent Effective Interest Rate for secured loans; and20 percent Effective Interest Rate for unsecured loansIf your annual earnings is $30,000 or more, the caps above are not applicable and interest rate is to be set in between the customer and the moneylender.
Exactly what are the charges that moneylenders can charge?Please kindly examine with us for the legal terms and conditions on the arrangement
How do I know whether a moneylender is licensed or not?
Please kindly examine with our on the details for license as required during your loan application
What should I do after being given a loan?
You must honour the agreement and agreement you became part of with us and make timely payments just as you would with any banks such as a bank
We offer sensible interests rates for personal loans and pay day loans. We also aim to provide easy and problem-free to comprehend individual loan services for our customers. When all the agreements and files are full at the point of registration as stipulated by law, we process the loans on the area to guarantee you get your loans fast in accordance with the law.
The initial solution is “Money, cash and also even more money!”
Cash is the very first word that springs to our mind to anything which contains the term “financial”.
Nevertheless when it involves financial freedom, our “lengthy response” is really time liberty and certainly money is a fantastic enabler to promote this.
In order to attain genuine flexibility (where you could go after anything that your heart absolutely desires), one should initially accomplish monetary flexibility.
That is the unfortunate fact facing all of us (unless you are an hermit however you certainly isn’t one because you read this online).
It is worth noting that monetary liberty (or monetary independence implies various points to different people).
Some people define it has having a multitude financial savings where they can live off it for the rest of their lives
Some individuals are emulated having a repair monthly income (passive) for the rest of their lives.