Everyone needs money for something to do or buy. However, at times it does happen that a person needs some money immediately and his friends are unable to lend him. This is a time when licensed money lender singapore comes as an aid. One can borrow money from him for a small rate of interest. This loan can be for a short duration of time or it may be for a long duration of time. Either ways, it is a primary requisite to find out a money lender who is licensed to lend money in Singapore.
Ways to find money lender licensed to lend cash in Singapore
1. Newspaper advertisement: Almost all money lenders in Singapore advertise their establishment’s business services in the daily newspapers. English newspapers have the authentic advertisements that belong to genuine money lenders who give money at reasonable rate of interest.
2. Colleagues: Mostly working professionals need money when their salaries are not enough to cover up the sudden surge in expense. In that of case, most of them were need to approach for a quick legitimate loan. Asking colleagues for lead is a good and trustworthy idea.
3. Free classifieds: There are many free classifieds magazines and journals that publish the name and contact details of various service providers in multiple fields of business for free. Many money lenders use these free classifieds to put up their own ads for free. Referring to these ads and contacting them will get money quickly to a needy person.
4. Internet: There are many money lenders who offer short term and long term loans through their own website. One can get the money via Internet if he meets all the necessary criteria for seeking loan. Furthermore, one can also find out about the money lender and his license authenticity. This will keep the loan seeker safe from illegitimate loan recovery practices of non-licensed money lenders.
Though the government in Singapore don’t assist the money lending business men, the government don’t impose harsh rules on those money lenders. because people do need money for their sudden needs. However, it is mandatory for money lenders to obtain license for running their business and it also safeguards the interests of their clients in various ways. But it is highly advised to go through the entire terms and conditions of the money lending process as well as the interest rate must be calculated properly.