Money is one of the most important commodities present in the real world today. Money is needed for everything ranging from purchasing food to establishing businesses and running the country. But, the question that arises here is, that is it really possible to have all the money in the world and fulfill all your needs and desires. The answer is No. It is not possible for everyone to have more than the required amount of money present with oneself at all times. This is where you need a source of money to replenish your monetary needs, and help you out with your exigencies. These monetary resource providers are called financial institutions. These financial institutions work on the concept of give and invest. The money is lent out to you and the repayment you make is further invested into the money market to earn more. This is a continuous cycle that keeps on generating money for financial institutions that in turn help you out with your needs. This article mentions the list of the top licensed money lenders in Singapore to assist you in choosing the right money lender for you.
Who are Licensed Money Lenders?
Licensed money lenders are financial institutions that lend money to the general public and they do it under the word of law. The importance of licensed money lenders was felt at a time when the financial market was booming and the future seemed promising for money lenders, as the per capita income of Singapore was increasing at a rapid rate and thus, everyone wanted a better lifestyle. This led to exploitation of borrowers or loan seekers by institutions that were ready to lend money but at exorbitant rates of interest. The government in order to curb this situation introduced the concept of licensed money lenders. The list of the top licensed money lenders in Singapore consists of names of financial institutions that work under the legal framework and provide assistance to all kinds of people irrespective of their background. These institutions are audited on a regular basis by the government agencies to keep a check on their functioning. The licensed money lending institutions ensure that people who borrow loans from them do not face any sort of exploitation. This is what makes them stand apart from non-licensed institutions that lend money just to fill their pockets.
Choose From the List of Top Financial Institutions to Get the Best Financial Assistance
- SE Investment: this financial institution provides financial assistance to natives of Singapore, permanent residents of Singapore, and even to foreigners that earn their living and stay in Singapore. The aim of SE Investment is to provide the best financial assistance to anyone who might need monetary help on Singaporean soil. The bouquet of financial products offered by this institution ensures that all your exigencies are managed easily and quickly. The institute deals in low interest rate personal loan, easy and quick cash loan, loan for foreigners, payday loan, loans for business and the moneylenders loan-a loan that does not require any legal process but is only for domiciles of Singapore
- Credit Master: is the financial institution that creates value for its borrowers. The quick credit loan assistance plan helps you to get easy access to all the important commodities of life. The credit master stands out in the list of the top licensed money lenders in Singapore for being the bank that offers loan at one of the lowest interest rates to everyone. They offer quick and easy cash in the shortest time frame from the point a person applies for the loan. The institution does not take into consideration the credit history of the borrower for sanctioning loans, and all you need is a steady source of income
- Katong Credit: if you are looking for an institution to give you emergency personal loan in Singapore then, Katong Credit is your solution. The services offered by the institution are personal loans, fast cash loan, bad credit loan, expat loan, and payday loan. The most remarkable service that only Katong Credit provides in the list of the top licensed money lenders in Singapore is that it sanctions loan product especially designed for Uber taxi drivers. The company holds the reputation for being one of the best licensed credit companies. The documents required to avail loans from Katong Credit are: resident certificate, proof of income, proof of billing, valid work permit for foreigners and a certificate issued by Singapore government for businesses should be produced when availing business loan
- Credit Matters: aims at providing the best financial assistance to its customers round the clock, this is why people can also apply online for loans. The credit matters loan products are very flexible and are customized as per customers’ needs. The services offered are wedding loans, payday loans, education loans, personal loans, and business loans. The loan that makes Credit Matters different from other loan providers is the renovation loan. This loan is not offered by any of the institutions included in the list of the top licensed money lenders in Singapore
- AP Credit: the AP Credit firm is leader in the list of the top licensed money lenders in Singapore. This company ensures that the loan you borrow does not put a stress on you or your family. The bank gives you expert advice about the loan that you should apply for to get maximum benefit. The other services are quick cash loans, flexible repayment scheme and simple processing. The institution ensures that your details are kept intact and that neither your relatives nor your friends get to know about your financial status
Although, saving practices should be developed in individuals from an early age but, if there is a need to borrow money then you should only apply to the institutions mentioned in the list of the top licensed money lenders in Singapore. As there is one for everyone, choose the one that suits you well.