Ang Mo Kio, a bustling residential area in Singapore, features a wide range of financial services for its residents. Among these services, licensed money lenders play a significant role, in offering fast and accessible loans to individuals and businesses. This article examines the specifics of licensed money lenders in Ang Mo Kio, highlighting their benefits, application processes, regulatory frameworks, and more.
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Another significant benefit is transparency in processes. The loan agreements clearly state all terms and conditions, preventing any hidden fees or charges. This transparency allows borrowers to understand their obligations fully before committing to a loan. Moreover, licensed money lenders provide a variety of loan products to meet different needs. Whether you need a personal loan, business loan, or a short-term payday loan, these lenders provide various options to meet your financial requirements.
In the 1970s,[15] the area's Chinese name was changed to 宏茂桥, meaning "Bridge of Expansiveness and Prosperity".[13]
Ang Mo Kio Planning Area, as defined by the Urban Redevelopment Authority, sits within the North-East region of Singapore, and has a total area of about 1,336 ha (3,300 acres).[22] Yishun bounds Ang Mo Kio to the north, Sengkang to the northeast, Serangoon to the east, Bishan to the south and Central Water Catchment to the west.
The main component of the planning area is Ang Mo Kio New Town. The town itself has seven neighbourhoods, with Neighbourhood 1 to the west, cycling in an anti-clockwise direction to Neighbourhood 6 to the north, and ending with Neighbourhood 7 for the town centre. The town centre is located in the heart of Ang Mo Kio and is sandwiched by two town gardens set on natural hillocks.
Getting a loan from a licensed money lender in Ang Mo Kio is a straightforward process. The process begins with an initial consultation where the lender assesses your financial needs. This meeting helps the lender comprehend the purpose of the loan and your ability to repay. Next, you will need to provide necessary documents such as identification, proof of income, and any other relevant paperwork. These documents are crucial for the lender to evaluate your application.
The community in Ang Mo Kio benefits from the accessibility of licensed money lenders. These lenders are conveniently located and offer a wide range of loan products, making it easier for residents to find the financial assistance they need. Be it a personal loan for unexpected medical expenses, a business loan for expanding operations, or a payday loan to cover immediate financial needs, licensed money lenders in Ang Mo Kio provide an efficient and reliable solution.
For individuals and businesses in Ang Mo Kio, finding a reputable licensed money lender involves conducting thorough research. The first step is to verify that the lender is listed in the Ministry of Law’s registry of licensed money lenders. Available online, this registry offers a comprehensive list of all authorized lenders in Singapore, helping borrowers confirm the legitimacy of their chosen lender.
Once the documents are provided, the lender assesses your application based on the submitted information. This assessment involves checking your creditworthiness and determining the loan amount and terms that fit your financial situation. Upon loan approval, a loan agreement is drafted, detailing all terms and conditions. The agreement includes details about the loan amount, interest rate, repayment schedule, and any fees involved. Upon signing the loan agreement, the funds are disbursed to your account as per the agreed terms. This quick disbursement ensures you can access the funds when required.
Whether you need a personal loan for an emergency, a business loan for expansion, or a payday loan to cover immediate expenses, licensed money lenders in Ang Mo Kio are equipped to provide the financial support you require. Make sure to review all terms carefully, ensure you can meet the repayment obligations, and select a lender with a good reputation to guarantee a positive borrowing experience.
| Entity | Description | Source |
|---|---|---|
| EasyFind Moneylenders Directory | A directory listing licensed money lenders in various locations. | EasyFind Moneylenders Directory |
| Max Credit | Provides a variety of loan products including personal, payday, and business loans. | Max Credit |
| IP Credit | Offers personal and business loans with flexible repayment options. | IP Credit |
| A1 Credit | Known for quick approval and low-interest rate loans, including personal and payday loans. | A1 Credit |
| Orange Credit | Provides a range of loan services including personal, payday, and foreigner loans. | Orange Credit |
| Bugis Credit | Licensed money lender offering personal loans, business loans, and bridging loans. | Bugis Credit |
| GM Creditz | Provides personal, business, and payday loans with a focus on transparency and customer service. | GM Creditz |
| Quick Credit | Specializes in personal and payday loans with flexible repayment plans. | Quick Credit |
| Adelphi Finance | Licensed money lender offering various loan services including personal and business loans. | Adelphi Finance |
| Accredit Licensed Money Lender | Provides personal, payday, and business loans with a customer-centric approach. | Accredit Licensed Money Lender |
You can verify a money lender�s license by checking the Ministry of Law�s Registry of Moneylenders� list.
A licensed money lender is a business authorized by the Ministry of Law in Singapore to provide loans to individuals and businesses. They must adhere to strict regulations to ensure fair lending practices.
Loan approval time varies but typically ranges from a few hours to a few days, depending on the lender and the complexity of your application.