Licensed Money Lender Personal Loan Tiong Bahru

Established in the 1920s, Tiong Bahru is one of Singapore’s oldest public housing estates. The architecture is a fusion of Art Deco and modernist styles, visible in its trademark low-rise apartments with rounded balconies. 

In recent years, Tiong Bahru has experienced a renaissance, welcoming contemporary cafes, lively bookshops and chic art spaces. 

Stroll through the neighbourhood to discover dynamic street art murals or savour an array of street food delights at the bustling Tiong Bahru Market.

Explore the curated lifestyle and art shops for distinctive handcrafted souvenirs, and treat yourself to freshly baked pastries at the renowned Tiong Bahru Bakery. Immerse yourself in local heritage at the Qi Tian Gong Temple, a sanctuary dedicated to Sun Wukong, the revered monkey god.

Situated in close proximity to the Central Business District, Tiong Bahru is easily accessible via the Outram and Tiong Bahru MRT stations. 

To visit the Quick Loan office, simply alight at Raffles Place MRT station and take a brief walk—we are ready to assist with our range of affordable and hassle-free loans.

5 Myths About Licensed Moneylenders in Singapore

#1 Borrowing from licensed moneylenders is risky

Many Singaporeans think moneylenders are equivalent to loan sharks and stay away out of concern for their safety.

Fact: It’s safe to borrow from licensed moneylenders in Singapore, as they are authorised and governed by the Moneylenders Act. These regulations are in place to help protect borrowers from unscrupulous practices and unlicensed lenders.

Before engaging any moneylender, be sure to check the Registry of Moneylenders to verify their legitimacy.

#2 Borrowing from licensed moneylenders is a last resort

Many Singaporeans believe that borrowing from a moneylender should only be considered when all other options have been exhausted. 

Fact: Licensed moneylenders are a safe and practical alternative for anyone who needs urgent funds or doesn’t qualify for bank loans. Unlike banks, licensed moneylenders have more flexible eligibility criteria, making them accessible to a broader range of borrowers. 

This is especially helpful if you have time-sensitive financial needs or face difficulty qualifying for bank loans. 

#3 All licensed moneylenders charge high interest rates

Many Singaporeans associate moneylenders with predatory practices, such as exorbitant interest rates.

Fact: Licensed moneylenders in Singapore are subject to regulations that limit the interest rates they can charge. A licensed moneylender cannot charge interest rates or late interest fees exceeding 4%. 

When dealing with a licensed moneylender like Quick Loan, you can expect fair and transparent interest rates, providing a secure and seamless borrowing experience. 

#4 All licensed moneylenders offer the same services

Many Singaporeans may believe that licensed moneylenders only offer a few loan options with the same conditions for all borrowers.

Fact: Quick Loan offers diverse loan services for your financial needs, from personal loans to education loans and home renovation loans. We also tailor our interest rates and repayment schedule to best accommodate your financial situation.

#5 Licensed moneylenders do not lend to self-employed individuals

Many Singaporeans believe that self-employed individuals, like Grab drivers, do not qualify to borrow money from licensed moneylenders. 

Fact: Quick Loan welcomes applications from anyone with full-time employment, including those who are self-employed. 

As long as you meet all our requirements, including having a regular monthly income of over $1,800, Quick Loan will strive to find a suitable solution for your situation.

Quick Loan: Reliable Licensed Moneylender Easily Accessible From Tiong Bahru

With over ten years of service as Singapore’s most trusted licensed moneylender, Quick Loan is dedicated to ensuring that financial support is easily accessible to citizens, PRs and foreigners across the country. 

Easily accessible from Tiong Bahru by train, bus or car, 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 best suit your situation. 

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 Tiong Bahru
• 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 Tiong Bahru

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