118 Credit – A Licensed Money Lender in Singapore

If you have poor credit, it can be challenging to get approved for a loan from traditional financial institutions. This is where a licensed money lender in Singapore may be able to help. Licensed money lenders follow strict rules and regulations set by the Ministry of Law, and they adhere to ethical lending practices. They also make it easy for you to apply for loans online and receive approval within a few hours.

If you’re looking for a licensed money lender in Singapore, be sure to check their license and accreditation with the Registry of Moneylenders. You should also avoid lenders that use deceptive or abusive practices, which can leave you with a bad credit history and massive debts. Also, it’s against the law for a lender to publish your information or cause harassment or distress.

Licensed Money Lenders in Singapore: A Comprehensive Overview

A licensed money lender should also be able to explain their terms and conditions clearly to you. If they are unable to do this, you should move on to another lender. It’s also important to remember that if you’re having trouble paying back your loan, there are several government and community support programs available to you.

118 Credit is a licensed money lender in Singapore that has been around for over 10 years. They have a proven track record and have been able to help countless people with their financial needs. They were one of the first to offer repayment via SAM and AXS machines which makes it even more convenient for borrowers. Their application process is simple and fast, with a decision made within 8 minutes of you applying. In addition, they also provide a face-to-face verification service in their outlets to give you peace of mind.

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