Legal Money Lender in Singapore

As a licensed moneylender in Singapore, we make sure that our loan offerings are tailored to the specific needs of borrowers. We understand that each borrower is unique and therefore offer loans based on individual creditworthiness.

For most borrowers, we typically offer up to two months’ salary as an initial loan amount. This allows us to provide financial assistance without overstraining the borrower’s ability to repay. After successful repayment of the initial loan, borrowers can then reach out to us for additional funds if required. Additionally depending on your aggregate loan exposure, we can offer loans for up to six months’ of your monthly income.

As a legal moneylender, we believe there is no such thing as a bad credit score. Our goal is to help you find the loan solution that fits your needs. That is why we offer loans for people with any type of credit score. Whether you have a bad, exhausted or no credit score, our team will work with you to find the right loan for your financial situation. We believe in evaluating each borrower’s situation on a case-by-case basis. Get in touch, and we will work together to get you the loan you require.

Once a loan is approved by our licensed moneylender in Singapore, the borrower will be required to visit our office to sign the contract and collect their cash. This step is essential in order for us to legally secure our investment and protect both sides from any potential issues down the line. We cannot accept contracts signed remotely via mail or email. After the contract is signed, you will be able to collect your loan in cash immediately. To ensure security for larger transaction amounts, you can also ask our team about transferring the loan directly to your bank account.

If you decide to go ahead with a loan from CreditXtra, the legal moneylender in Chinatown, Singapore, there are several important things that you should consider.

Firstly, ask yourself, do you really need a loan? It is also important to think about what kind of repayment terms you can afford and whether it will be difficult for you to pay back the amount in a reasonable time.

You should make sure that you can pay back the loan on time without incurring any penalty fees or additional charges. Also, consider the interest rate charged on the amount that you also have to pay together with the money that you borrow.

Additionally, analyse your loan repayment ability after taking your monthly expenses, savings, and debt into account. Even if you have the ability to repay the loan in full, it should not be more than what you actually need. This will help ensure that you do not overburden yourself with debt and can stay on track with your payment schedule.

Finally, try to pay back the loan as soon as possible. The longer you take to repay it, the more interest you will have to pay.

For more information, you can refer to our FAQs on obtaining loans from Licensed Moneylenders.

The usual loan interest rates of 4% is charged by licensed moneylenders in Singapore.

CreditXtra offers fast and secure loan services to those in need of urgent financial assistance. Our prevailing loan interest rate is up to 4% per month and with an upfront admin fee of no more than 10%. With our simple application process, you can have the funds you need quickly and easily. We understand that timely access to funding is essential for individuals and businesses, hence, we also offer urgent money loans. For more information about our loan interest rates and application process, visit our FAQ page or contact us today.

When it comes to borrowing money, it is important to ensure that you borrow from a licensed moneylender. Unlicensed moneylenders often charge extremely high-interest rates and may use intimidation tactics to collect their payments. You can check the list of licensed moneylenders in Singapore provided on the Ministry of Law’s website. Also, be mindful that if a licensed moneylender behaves threateningly, retains any of your personal documents or follows other unfair practices, you can report them to the Registry of Moneylenders.

If you are looking for a licensed private moneylender in Chinatown, look no further than CreditXtra. We strive to ensure that all of our clients receive the best financial solutions with competitive interest rates. Whether you need a loan for personal or business purposes, we can provide you with the money that you need.

Borrowing money from unlicensed moneylenders in Singapore can be risky and may lead to serious financial problems. Unlicensed lenders often charge extremely high interest rates, which can make it difficult for borrowers to repay their loans on time. Furthermore, as they are not regulated by the government, hence they do not adhere to any rules or regulations, making unlicensed moneylenders more unsafe.

Additionally, these moneylenders resort to unscrupulous tactics such as threats and intimidation to collect payments from borrowers. The legal consequences of using unlicensed moneylenders can also be severe, including criminal charges and hefty fines. Therefore, it is best to borrow money only from licensed and reputable moneylenders in Singapore like CreditXtra where you can avail of loans with reasonable rates and conditions. Contact us today to learn more about how we can help you get the money that you need.