Licensed Money Lender Personal Loan High Street

Built in 1821, High Street was one of the first roads established by the British colonial authorities in Singapore. Once stretching to the Singapore River mouth, High Street now runs only from Hill Street to North Bridge Road. 

Adjacent to High Street is Fort Canning Park—this lush green space is a hub for various cultural and musical events. It also features historical parks, vibrant gardens and scenic walking trails. 

High Street is within easy reach of cultural institutions like Victoria Theatre and Concert Hall, National Gallery Singapore, and The Arts House.

If you’re looking for convenient loan services easily accessible from High Street, simply make the short journey to the Quick Loan office on Anson Road.

Board the MRT from nearby City Hall station and alight at Tanjong Pagar station, where the Quick Loan office is a short walk away. Our team is ready to assist with our range of fast and flexible loans.

A Guide to the Debt Consolidation Plan (DCP) in Singapore

A debt consolidation plan helps you manage multiple unsecured debts. This is done by combining many debts into a single loan with a single interest rate, to be paid to one financial institution.

This helps you better keep track of your payments, reduce the overall interest owed and relieve your debt burden.

In Singapore, selected banks and other financial institutions offer Debt Consolidation Plans (DCP) regulated by the Monetary Authority of Singapore (MAS).

What Loans Qualify Under the DCP?

The DCP allows you to consolidate credit card debt and unsecured loans. However, the following unsecured loan categories are not covered by the DCP:

• Renovation loans
• Medical loans
• Education loans
• Joint accounts
• Credit facilities granted to businesses or for business purposes

Who is Eligible?

To qualify for the DCP, you must:

• Be a Singapore citizen or Permanent Resident (PR)
• Earn between $20,000 and below $120,000 yearly
• Have Net Personal Assets of less than $2 million
• Have total unsecured debts worth more than 12 times your monthly income

You can apply for a Debt Consolidation Plan at any authorised bank or financial institution. When applying, you must present the following documents:

• A copy of your NRIC (front and back)
• Your latest Credit Bureau Report 
• Most recent income documents 
• Latest credit card and unsecured credit loan statements 
• A confirmation letter verifying any outstanding amounts for unsecured credit instalment plans
• A settlement notice from your original DC bank (only applicable to DCP refinancing applications)

How Does the DCP Work in Singapore?

Once your Debt Consolidation Plan is approved, the financial institution will disburse the loan amount. This amount is typically equivalent to the outstanding balance on your consolidated loans.

Your existing credit cards and unsecured loan accounts will also be closed.

This is because the financial institution would have bought over all your consolidated loans. Hence, you’ll be responsible for repaying only one loan to the financial institution in question.

Throughout the repayment process, you’ll need to pay monthly instalments to the financial institution over the agreed tenure, usually spanning from 1 to 10 years.

During this time, you’ll also be granted a revolving credit facility to help cover daily expenses or emergency costs. This credit line will be worth up to the value of your monthly income.

Before applying for a Debt Consolidation Plan, be sure to research the different terms and conditions offered by the participating financial institutions. 

You may also consider approaching one of the following social service agencies in Singapore, dedicated to helping consumers manage and recover from serious debt problems:

Association of Muslim Professionals (AMP)

Address: 1 Pasir Ris Drive 4, #05-11, Singapore 519457
Tel no.: 6416 3960
Email: corporate@amp.org.sg

Arise2Care Community Services

Address: No. 5 Harper Road, #02-01A, Singapore 369673
Tel no.: 6909 0628
Email: admin@arise2care.sg

Blessed Grace Social Services

Address: 18 Arumugam Road, #05-01 Antioch@Macpherson, Singapore 409962
Tel no.: 8428 6377
Email: billy.lee@blessedgrace.org

Credit Counselling Singapore

Address: 51 Cuppage Road, #07-06, Singapore 229469
Tel no.: 6225 5227 / 6338 2663
Email: enquiry@ccs.org.sg

One Hope Centre

Address: 8 New Industrial Road, #04-04B LHK 3 Building, Singapore 536200
Tel no.: 6547 1011
Email: help@onehopecentre.org

Silver Lining Community Services

Address: (East) 11 Playfair Road Singapore, (West) Jurong Spring CC, 8 Jurong West St 52, Singapore 649296
Tel no.: 6749 0400
Email: admin@silverlining.com.sg

Streamline Your Credit Card Debt With Quick Loan

At Quick Loan, we offer a credit card consolidation loan to help you combine multiple credit card debts into a single, manageable loan.

Look forward to a more affordable repayment experience with loan terms that can be tailored based on your financial circumstances.

Quick Loan: Reliable Licensed Moneylender Easily Accessible From High Street

As Singapore’s best licensed moneylender, Quick Loan is dedicated to providing accessible financial support to citizens, PRs and foreigners nationwide. 

Easily accessible from High Street by train, bus or taxi, we welcome walk-in visitors seeking assistance with their financial concerns. Quick Loan offers a selection of flexible and cost-effective loan plans that can be tailored to suit your situation best. 

Furthermore, our loan application process is quick and easy. You can opt for our online submission system or visit the Quick Loan office.

Count on Us for Accessible and Reliable Loan Services

• Conveniently accessible from High Street
• Loans are customisable according to your unique needs
• Enjoy affordable interest rates and flexible repayment plans for all loans
• Join the ranks of over 20,000 satisfied clients who have chosen Quick Loan

Important Reminders for Borrowers

• For individual loans, you may apply for loans up to 6x your monthly income
• Your company must be incorporated in Singapore in order to apply for a business loan

Apply for a Loan From High Street

Interested in applying for a loan with us? With our streamlined application process, you can get your funds in as fast as 30 minutes.