Are you a Singaporean who has maxed out your credit cards? Are you an expat living in Singapore struggling to make your ends meet? Are you looking for an easy, but a safe way out of the financial mess? If you find yourself in this soup more often than not, then you can consider borrowing money from licensed money lender Singapore. Here are 3 reasons why borrowing from a licensed money lender, like CreditHub will be a good idea.
• No High Interest
Most of the licensed money lender of Singapore need to register under Registrar of Moneylenders that dictates the rate of interest that can be levied upon the money they lend, the maximum amount of money that can be lend and also the fees they can charge. So by borrowing from a licensed money lender, you avoid being the hot mess that is usually associated with unauthorized money lenders.
• Easy Loans
If you are in dire need of money, then approaching a licensed money lender is a better option. These firms do not run a strict background or credit score check and you can get the loan approved in less time than conventional banks.
• Goodbye Harassment
Well, if you are one of the many people who are scandalized by the harassment that you see and read in your daily life by the unauthorized money lenders, you don’t have to worry about it anymore. Due to the strict laws laid down by the Singaporean government, the licensed money lenders must follow every single money lending laws. And if they are found to be violating even one of them, then they face serious and stringent punishments, like fines or may even get their license suspended or revoked.
• Keep your Personal Information Secured
When you approach a licensed money lender, your private information is kept secured so that it does not fall into the wrong hands. Background check and salary verification are done in the office, right in front of your eyes. So you can rest assured that all your vital information is with a reliable and trustworthy source. Not only this, you are also spared from illegal telemarketing calls and SMSes to lure you into borrowing money.
Now that you are familiar with the know-hows of a licensed money lender of Singapore, let them help you. We, at CreditHub, are eager to help you out and we respect and abide by every single rule laid down by the government.
