Personal Loan

Doing business with a licensed moneylender is always a better idea than obtaining a loan from an entity that does not have the proper credentials. When you need to borrow money quickly and only a short-term advance will do, legal loans protect your rights.

What sets apart a licensed moneylender like Cash Direct from the unlicensed competitor?

When you apply for a short-term personal loan, Singapore officials urge you to consider its list of licensed lenders. Doing business with companies like outs ensures that you are treated with respect, will not be asked for your SingPass and do not have to relinquish your personal identification documentation until repayment of the funds has been completed.

Licensed moneylenders also refrain from activities that are considered illegal by authorities. Examples of these behaviours include the request for you to sign blank contracts or notes, a lender’s unwillingness to give you a copy of your note and a representative’s inability to explain the conditions of your loan in detail. By the way, licensed lenders like Cash Direct will never hold back any portion of your approved loan amount for fees or charges.

Understanding how we do business

While the licensing is a big advantage when seeking to take out a loan, consumers still have plenty of choices. To compete in the open market, lenders’ repayment policies and rates vary. Competitive rates are good for the consumer. We will offer a streamlined application process and a quick approval procedure. After all, when you are in need of emergency cash, you do not have the luxury of spending days waiting for a decision by the lender.

Doing business with us

You have found a licensed moneylender like Cash Direct who offers favourable terms. Once you decide that you want to do business with us, consider carefully how much money you need to borrow. As a general rule of thumb, you can borrow up to $3,000 if you make less than $20,000. The amount you can borrow increases incrementally depending on your annual income.

After you have received your money and taken care of your financial emergency, make sure to pay your loan instalments as scheduled to avoid late fees and additional interest charges. Keep all receipts for your records until your loan is paid off and you receive your final statement showing that you no longer owe us any funds.