An emergency, low savings, or overdue bills are just some of the reasons why you may find yourself in need of a quick loan. Thankfully, there are multiple options for getting a quick loan. Here are five top-rated licensed moneylenders to consider for those who require fast money in Yishun.
For those who have an urgent need for funds, the most flexible and convenient option would be an unsecured loan. These are loans that are offered with fixed interest rates and instalment payments, without the need for any collateral.
Unsecured loans are readily available in Singapore. They are commonly offered by banks, financial institutions, and licensed moneylenders.
Each of these three lenders has its advantages, but licensed moneylenders have the most lenient qualifying criteria. They can also offer same-day approval and cash disbursement, especially for smaller loan amounts.
This makes licensed moneylenders the most suitable option for those with low incomes or poor credit history. If you’re located in Yishun, check out the following five licensed moneylenders with top Google ratings.
Last updated on 24 September 2022
Accredit is a subsidiary of Quick Credit Pte Ltd, which has been operating as a licensed moneylender since 2002. Accredit was also one of the first participants in a pilot programme that helped pave the way for the industry.
They pride themselves on transparency and quality service, and through the years, have built up a stable of five outlets across Singapore–including Yishun–and served over 200,000 clients.
Some of their loan products include personal loans, debt consolidation, short-term credit, and business financing.
|📍Address||743 Yishun Ave 5, #01-548|
|⏰Opening hours||Mon to Fri: 10am – 8pm; Sat & Sun: 10am – 5pm|
R2D Credit is another well-established licensed moneylender with an outlet in Yishun. The company has been operating since 2009 and has liaised with 2631 borrowers as of this writing.
Perhaps this is due to the company’s philosophy of helping borrowers become debt-free. To that end, R2D Credit offers flexible repayment plans with customisable payment due dates, along with a fast approval process, even for customers with a bad credit history.
Their wide range of loans includes personal loans, payday loans, medical loans, and bridging loans, making it one of the most popular lenders for fast money in Yishun.
|📍Address||846 Yishun Ring Road #01-3661|
|⏰Opening hours||Mon to Fri: 11.30am – 7.30pm; Sat: 11.30am – 6pm; Closed on Sun|
Lending Bee is among the licensed moneylenders in Singapore leveraging on tech to develop and evolve the money lending sector. It has launched a mobile app (iOS, Android) to help you keep track of your loans, and has integrated MyInfo for quicker and more secure personal data management.
Among the initiatives put in place are using data to assess creditworthiness, utilising digitalised processes to lower cost, and giving better terms to those who repay their loans early or on time.
The lender’s commitment to improving terms and service levels for borrowers has been recognised with a certification from the Singapore FinTech Association in 2021. They are also quick to respond to feedback from their users.
|📍Address||Yishun Central 1, Blk 925, #01-233|
|⏰Opening hours||Mon to Sat: 11am – 8pm; Closed on Sun|
Fast Money certainly lives up to its name.
Not only does it allow borrowers to obtain cash quickly, with applications done easily in less than 10 seconds, but it also prides themselves in offering loans ethically, professionally, and efficiently.
With a track record of over 10 years, this moneylender is registered and licensed with all Singapore regulations from the Ministry of Law, and has been serving thousands of borrowers since 2011.
The company specialises in personal loans, payday loans, fast cash loans, and foreigner loans, and aims to offer instant cash loans to Singaporeans, Permanent Residents, and foreigners here.
|📍Address||Blk 101, Yishun Avenue 5, #01-35|
|⏰Opening hours||Mon to Sun: 12pm – 8pm|
Rounding out our list of top-rated licensed moneylenders in Yishun is Gain Credit. The company may not have as many ratings on Google as the others, but nearly every rating it has earned has been a full 5 stars.
Going by the reviews left by satisfied customers, the personal touch seems to be Gain Credit’s winning strategy. A common running theme is a professional and attentive service. Customers also liked that the moneylender is helpful, informative, and friendly.
|📍Address||Yishun Ring Rd, Blk 807, #01-4197 Block 807|
|⏰Opening hours||Mon to Sat: 12pm – 7pm; Sun: Closed|
After reading our roundup of top-rated lenders for fast money in Yishun, you may be wondering if you should make the trip down to Yishun to apply for your quick loan.
Well, the truth is, the money lending sector has come a long way, and you are just as likely to find professional and honest licensed moneylenders all over Singapore as well.
Just be sure to check the Google ratings for any red flags, and also make sure to verify against the official list of licensed moneylenders in Singapore maintained by the Ministry of Law.
Not located in Yishun? Don’t fret. Elite Investment & Credit is committed to helping you meet your financial needs with professionalism and sincerity. Contact us today to find out about our low-interest quick loans.