Licensed Moneylender Holland Road

Holland Road was named after Hugh Holland, an architect and European resident of Singapore in colonial times. 

Today, Holland Road is popular among expatriates and is a highly sought-after residential area, thanks to its attractive bungalows and landed properties. Shopping and entertainment options are close by, with Orchard Road being just a few minutes’ drive away. 

Bordering Holland Road is Holland Village, also known as Holland V. This area was established by Singapore’s Dutch community in the early 1900s. You’ll find a wide variety of cafes, restaurants and pubs here, with culinary options ranging from local favourites to European dishes. 

Holland Road is also close to the Singapore Botanic Gardens, the nation’s first UNESCO World Heritage Site. The 82-hectare garden showcases more than 10,000 species of flowering plants and trees. 

If you require reliable licensed moneylender services easily accessible from Holland Road, look no further than Quick Loan’s office on Anson Road. 

To get there, simply board bus number 970 from Holland Village Station and alight at Commonwealth Station. From here, take the MRT to Tanjong Pagar Station, where the Quick Loan office is a short walk away. Our friendly staff are ready to help you with our fuss-free and tailored loan services.

What is a Loan?

A loan is money that an individual or business borrows from banks or other financial institutions.

In this arrangement, the borrower agrees to repay the lender in full over time, with interest charged on the borrowed amount, known as the loan principal.  

Interest is a percentage of the principal amount representing the cost of borrowing for the loan receiver. 

In other words, the borrower pays interest as compensation for using the lender’s funds, while the lender earns interest as a reward for lending their money.

Unsecured vs Secured Loans

There are two general loan types available: secured and unsecured. What differentiates the two loans is the requirement of collateral.

Collateral is any valuable asset the borrower pledges as security for a loan, such as a house, vehicle, jewellery or other property. 

If the borrower fails to repay the loan—also known as defaulting on a loan—the lender has the right to seize the pledged collateral to recover their losses.

Secured Loans

Secured loans require some form of collateral from the borrower and usually have a more extended repayment period.

For example, when you take out a loan to buy a new car, that vehicle is the collateral for your loan. In the event that you fail to complete your loan obligations, your lender can seize your vehicle.

Unsecured Loans

Unsecured loans are approved based on the borrower’s creditworthiness and don’t require any collateral. Personal loans and credit card consolidation loans are examples of unsecured loans. 

While there is no risk of losing your assets, defaulting on an unsecured loan can still reflect poorly on your credit history.

Different Loan Types

A variety of loan types are available for diverse financial needs and goals. Some loans you can obtain at Quick Loan include:

• Personal loans
• Education loans
• Cash loans
• Home mortgage loans
• Investment loans

Benefits of Taking a Loan

Here are some advantages loans can provide for borrowers:

Access to Urgent Funds 

Loans are a quick source of funds to help cover urgent financial costs, such as medical emergencies or pressing home repairs. 

Financing Big-Ticket Items 

Loans can help individuals purchase expensive items such as property or cars by spreading out the cost over time and reducing financial strain. 

Building or Improving Credit Score 

Timely loan repayment can help individuals establish or improve their credit scores, making it easier to obtain other loans in the future.

How Loans Work

The process of applying for, obtaining and repaying your loan may differ depending on the loan type and lender. However, the following general steps will usually apply:

1. General criteria 

All lenders have a set of criteria that you must meet to apply for a loan. These include requirements for age, citizenship, income and more. 

2. Loan application 

Once you’ve applied for a loan, the lender will examine your income, credit history and other factors depending on the loan type. 

3. Interest rates and fees 

If your application is successful, the lender will have you sign a loan agreement and disburse your funds. The loan agreement will lay out the terms and conditions of the loan, including the interest rate and any associated fees. 

4. Repayment 

You will then begin repaying the loan in regular instalments with interest. Repayments must typically be made monthly to your lender, whether in person or via bank transfer.

5 Factors to Consider Before Taking a Loan

The following considerations will help you make the best financial decisions when applying for a loan.

• Assess your financial capacity and ability to repay the loan.
• Compare various loan options and shop around for lenders with the best terms.
• Understand the total cost of borrowing, which includes interest and fees on top of the loan principal. 
• Know the consequences of being unable to repay a loan, which may include asset seizure or penalty payments. 
• Learn to identify predatory lending practices and potential loan scams to protect yourself from financial fraud. 

Quick Loan: Reliable Licensed Moneylender Easily Accessible From Holland Road

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

Easily accessible from Holland Road 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 apply online or visit the Quick Loan office.

Count on Us for Accessible and Reliable Loan Services

• Conveniently accessible from Holland Road
• 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

• Individual borrowers can apply for loans only up to 6x their monthly income
• Business loans are only available to companies incorporated in Singapore

Apply for a Loan From Holland Road

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