Top 3 Jurong East Money Lenders
Lowest Rates, Licensed & Reputable.
Here at SG Top Choice, we compare multiple companies and service providers to recommend you only the best. Here are the best Jurong East Money Lenders.
Only licensed money lenders are listed here. In addition, they must have the lowest rates in Jurong East and Singapore, plus a commendable reputation
Jurong East is a planning area and residential town located in the West Region of Singapore. It borders Jurong West and Boon Lay to the west, Clementi to the east, Tengah and Bukit Batok to the north and Selat Jurong to the south.
The development of Jurong started in the 1970s when estates such as Boon Lay, Taman Jurong, Bukit Batok, Bukit Gombak, Hong Kah, Teban Gardens and Yuhua were built, mostly due to the resettlement of Hong Kah (present-day Tengah) and surrounding villages. Yuhua, Teban Gardens, Bukit Batok and Bukit Gombak formed Jurong East.
Jefflee Credit Pte Ltd
License Number: 115/2021
JeffLee Credit is a reputable licensed money lender in Singapore established with a vision to provide competitive credit services to individuals who are in financial predicament. Our loan procedure and business methodology are forged with time tested processes that favor the client in loan solution products ranging from personal loan, payday loan, foreigner loan, education loan, medical loan and business loan. It is our prime focus to dispense cash in a quick manner with minimum legal formalities and at the same time, assuring maximum confidentiality.
At JeffLee Credit, we go to great lengths to appoint motivated and dedicated loan consultants with natural instinct for credit assessment. Our consultants are competent in matters of risk assessment, legal framework and are acquainted with local business practices of cases placed.
Equipped with strong capital, resources and the access of wealth of expertise, JeffLee Credit is confident to ease your financial woes within a day at a competitive and attractive rates, with affordable and flexible repayment scheme that is ideal to your needs.
Being a reputable licensed money lender approved by IPTO (Registry of Moneylenders), we are here to offer legal financial solutions to Singaporeans, Singapore PRs and foreigners with valid employment passes in Singapore.
SGP CREDIT SINGAPORE PTE LTD
License Number: 10/2021
SGP CREDIT regards its borrowers as trustworthy, honest and responsible individuals and hence, SGP CREDIT can personalise your payment terms so you can repay your loans according to your financial capacity, whether monthly or on your paydays.
GS Credit Pte. Ltd.
License Number: 109/2020
GS Credit is one of the most reliable and efficient licensed moneylenders in Singapore.
We pride ourselves on offering affordable loan packages and excellent customer service. GS Credit believes that all loan plans can be customized to suit our customers’ needs.
We aim to help improve the finanical health for all Singaporeans and Foreigners.
GS Credit will be there whenever there are financial emergencies and lend a helping hand to those in need.
For those we require urgent financial help, we are available.
How to identify licensed money lender Singapore?
The money lending industry has been flourishing exponentially in the last few decades. People have been taking a lot of financial support from this industry. Singapore’s economy has seen a boost because of all the funding and money lending activities happening in space. But money lending is not an easy subway to go. There has been an increasing number of scams and frauds in the industry. That’s why it becomes important to identify licensed money lenders in Singapore from unlicensed money lenders.
There have been various cases reporting scams done by frauds in name of licensed money lenders. But in reality, they were thugs who didn’t have a license. Such increasing cases alarmed the public to take measures in actually understanding the difference between genuine and fraud money lenders. Let’s see how you can identify a licensed money lender in Singapore.
Check the list of licensed money lenders in Singapore
If you are doubtful of finding a licensed money lender in Singapore then the best way is to check the list of authorized money lenders of Singapore. It is issued by the country’s Ministry of Law. All the money lenders registered with the Republic of Singapore appear in this list. This list also gets updated according to the new changes and additions from time to time. Last it was updated by the government in August 2021.
The reason behind publishing the list of Licensed moneylenders in Singapore
Do you know that the money scam reports got 65% high since 2019 in Singapore? This increased number of scam cases indicates that the solidifying nature of moneylending has been lost. Such increasing cases also pull down the morale of people who are in this industry.
It also causes reduced trust in people in the moneylending industry. This may cause a severe lack of money flow leading to degradation of the industry. Such increasing scams are also a big concern for the law and order of Singapore. It also adds to the increasing crime rates of the country. That’s why the government started publishing the list of licensed moneylenders in Singapore.
The ministry of Singapore publishes this list to direct the borrowers in the process of safe money lending. Minlaw has recently updated the list for the borrowers which you can access. This list helps in giving an idea of authentic moneylenders to the borrowers. It also reduces the chances of such scams.
How much money you can borrow from a licensed moneylender?
It is a very common question to ask. People often find it intriguing to know how much a person can borrow from moneylenders. Although, this question doesn’t have a particular answer. The amount depends on various factors of secured and unsecured loans. Secured loans can be borrowed without any limit as long as the moneylender provides the required loan. In the case of unsecured loans, a maximum amount of $3000 can be borrowed for people with income less than $20,000. People with income above $20,000 can borrow six times more than their monthly earnings. Unsecured loans have a fixation in perspective of their money lending amount.