We offer reasonable interests rates for personal loans and pay day loans. We also aim to provide hassle-free and easy to understand personal loan services for our clients. Once all the documents and contracts are complete at the point of registration as stipulated by law, we process the loans on the spot to ensure you get your loans fast in accordance with the law.
With a clear and transparent pricing (interest rate) structure in place, we have various flexibile repayment options and customise your loans for your personal needs.
We value honesty, fairness and transparency in our business dealings and our terms and conditions are straightforward with no fine prints.
We are licensed in Singapore as legal money lenders and you might have some of the questions below:
What should I consider before taking up a loan?You are legally bounded to honour the contract and agreement with any licensed money lender. You are advised on consider the obligations carefully before you enter into one.
How much can I borrow?
For secured loans, you can obtain a loan of any amount. For unsecured loans, you can obtain:Up to $3,000, if your annual income is less than $20,000;Up to 2 months’ income, if your annual income is $20,000 or more but less than $30,000;Up to 4 months’ income, if your annual income is $30,000 or more but less than $120,000; andAny amount, if your annual income is $120,000 or more.
What are the interest rates moneylenders can charge?
If your annual income is $30,000 and below, the interest rate for both secured and unsecured loans is capped at :13 per cent Effective Interest Rate for secured loans; and20 per cent Effective Interest Rate for unsecured loansIf your annual income is $30,000 or more, the caps above are not applicable and interest rate is to be agreed upon between the moneylender and the borrower.
What are the fees that moneylenders can charge?Please kindly check with us for the legal terms and conditions on the agreement
How do I know whether a moneylender is licensed or not?
Please kindly check with our on the details for license as required during your loan application
What should I do after being granted a loan?
You should honour the contract and agreement you entered into with us and make prompt payments just as you would with any financial institutions such as a bank
Get in touch with us to find out more about how we can help you with your personal loan.