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Myths vs Facts About Moneylenders in Singapore

There are many falsehoods regarding legal moneylenders in Singapore. We’ve put together an article to clear things up. Read on to find out!

Myths vs Facts About Moneylenders in Singapore

If you’re looking to borrow money in Singapore, you might think that the only place that’s available to you is one of the “big banks”. Perhaps you’re simply unaware of moneylenders or have heard negative news about them. 

We’re here to clear up these myths and deliver the truth to help you make a more informed borrowing decision.

Myth #1: It’s unsafe to borrow from moneylenders
Fact #1: It’s safe to borrow from licensed moneylenders

There are a lot of people who assume that borrowing from a lender can be unsafe, which couldn’t be further from the truth. As long as you approach a licensed and legal moneylender in Singapore such as QuickLoan, you can rest assured that you’re dealing with a reputable company that not only is operating within the law, but also adheres to strict regulations too.

Myth #2: All moneylenders in Singapore are the same
Fact #2: Different moneylenders provide different loans and services

Saying that lenders are all the same is similar to saying that cars are all the same. Every single moneylender throughout Singapore is vastly different! For example, QuickLoan has been operating for more than a decade now, helping both individuals and businesses secure a long list of loan types, including:

… and so many more. Even better, this 10-plus years of experience provides QuickLoan with the knowledge to achieve the results you’re after – every single time.

Myth #3: Only people with financial issues borrow money from lenders
Fact #3: Individuals from all walks of life borrow from moneylenders

To assume that only people who are struggling financially engage moneylenders is indeed far from the truth. A top-quality lender offers a wide range of different loan types to suit a wide range of people, from people interested in borrowing money to renovate their home to commercial equipment loans and everything else in between.

Myth #4: Moneylenders don’t care about customer service
Fact #4: Certain moneylenders do provide top-quality service

This one can be a little tricky, simply because there are absolutely some lenders out there that do not care at all about customer service – especially once the loan has been settled. However, if you get in touch with a respected legal money lender in Singapore, you’ll be well looked after from first contact all the way through to approval and beyond.

For example, Quick Loan offers honest, straight-forward loans with flexible repayments and personalised customer service such as your very own dedicated loan consultant to speak with. Additionally, you can always WhatsApp us at 8511 9133 with any questions you might have.

Myth #5: Legal moneylenders in Singapore won’t help if you’re not working full-time
Fact #5: Legal moneylenders will try their best to help you out, no matter your financial situation

Yet another very commonly shared myth about legal moneylenders is that unless you have a full-time permanent position at a business, they won’t go anywhere near you. 

Understanding that every single person and their life and financial situations are different, a good money lending company like Quick Loan will look at each customer as an individual and assess on a case-by-case basis, instead of taking a cookie-cutter approach. 

Get Your Loan In Singapore Today

Don’t let life’s unexpected turns and financial woes put a damper on your plans. If you are in need of a personal loan or business loan in Singapore to give you peace of mind, don’t hesitate to give us a call at QuickLoan Pte Ltd at 6223 1788 or Sms us at 8511 9133

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