Licensed Moneylender Scotts Road

Stretching from Orchard Road to Newton Circus, Scotts Road was named after Captain William G. Scott, a plantation owner and Postmaster of Singapore in the 19th century. 

Over time, the plantations around Scotts Road gave way to villas and private residences boasting early 20th-century designs. Today, Scotts Road hosts several upscale hotels including Marriott Hotel and the Grand Hyatt Hotel. 

Additionally, Scotts Road offers shopping, entertainment and leisure options at Far East Plaza and Scotts Plaza. There are also several renowned upscale restaurants along Scotts Road, including the Michelin-starred Italian restaurant Buona Terra. 

If you require reliable licensed moneylender services while you’re in Scotts Road, look no further than Quick Loan’s office on Anson Road. 

Board the MRT from Newton station to City Hall station, and transfer to the East-West Line. Alight at Tanjong Pagar station, where Quick Loan’s office is just a short walk away. Our helpful and friendly staff are on hand to assist you in finding the right loan for your needs.

5 Reasons Why Your Credit Score Matters

A credit score in Singapore rates a person’s creditworthiness, or the likelihood that they will repay loans punctually and reliably. 

Credit Bureau Singapore (CBS) is Singapore’s leading consumer credit institution. Based on your loan history, credit card usage and other factors, CBS will assign you a four-digit score on a scale from 1,000 to 2,000. 

A higher score closer to 2,000 indicates better creditworthiness, telling lenders that you are a lower-risk borrower. On the other hand, a lower score closer to 1,000 suggests that you are more likely to default on a loan. 

All Singaporeans can access a copy of their credit report from CBS.

Why is a Good Credit Score So Important?

If you intend to secure a service or product from financial institutions in Singapore, your credit score will usually be an integral part of the application process.  

Here are some examples of situations where your credit score matters:

1. Your credit score can impact your chances of loan approval 

Having a good credit score increases your likelihood of being approved for loans. Lenders rely on your credit score to assess your ability to fulfil your obligations as a borrower. 

2. Your credit score can influence the interest rates you’re offered 

Borrowers with good credit can obtain more favourable interest rates on their loans than those with poor credit scores. A lower interest rate can help you reduce borrowing costs over time. 

3. Your credit score may affect employment opportunities 

Some employers may ask for a credit check during the hiring process. Your credit history can help an employer assess your financial stability and suitability for the position. 

4. Your credit score can impact your mortgage application 

Credit scores play a vital role in mortgage applications, as they help lenders determine the loan terms for successful applicants. However, a poor credit score can discourage lenders from approving your mortgage application in the first place. 

5. Your credit score can affect rental opportunities 

During the application process, landlords may check your credit score to evaluate your reliability as a tenant. A good credit score can positively impact your chances of securing rental accommodation.

Tips to Improve Your Credit Score

If your current credit score is not up to par, here are some steps you can take to start building a healthier credit history. 

Pay bills and loan instalments on time

Late payments or defaulted loans will negatively impact your credit history. It’s vital that you commit to making timely payments on your bills and loans every month. 

Use credit cards responsibly 

Avoid maxing out your credit cards and refrain from applying for multiple cards in a short period. Keeping your card balances low and making timely payments will have a positive effect on your credit score. 

Check your credit report regularly 

Monitor your credit report to stay informed about your credit standing. These periodic checks can help you identify areas for improvement in your financial situation.

Quick Loan: Reliable Licensed Moneylender Easily Accessible From Scotts 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 Scotts 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 opt for our online submission system or visit the Quick Loan office.

Count on Us for Accessible and Reliable Loan Services

• Conveniently accessible from Scotts 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 Scotts 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.