6 Qualities of a Licensed Money Lender in Singapore

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POWER CREDIT ENTERPRISE PTE LTD

6 QUALITIES OF A LICENSED MONEY LENDER IN SINGAPORE

https://powercredit.com.sg/


About Power Credit Power Credit Enterprise is a licensed money lender based in Singapore since 2007 approved by the Registry of Money lender (IPTO) to provide money lending services such as legal loans solutions to working individuals including Foreigners, Permanent residents, and Singaporeans as well as businesses.


HERE ARE THE QUALITIES OF A LICENSED MONEY LENDER THAT YOU NEED TO KEEP IN MIND BEFORE LOANING

ACCREDITED BY

LOW-INTEREST RATE WITH

LAW

NO HIDDEN CHARGES

For the sake of security, when you are about to ask for a loan, look for top money lenders, and ask them properly, if they are an authorised money lender because this will help you to know if Singapore's Ministry of Law granted them licensed to be a money lender.

Unlike loan shark, an authorised money lender offers lowinterest-rate with no hidden charges, but as much as possible these licensed money lenders avoid charging high rates because they have to follow what’s written under Moneylender Act.

Power Credit Enterprise Pte Ltd


Various Policies

Negotiable Policies

Before looking for top money lenders, ask yourself, what type of policies do I need to avail,

However, there is some licensed money lender who wants the borrower to have a clean credit score, because they want security that you will be able to pay them back.

Smooth and Easy Loan Request Process Loaning is simple, as long as you go for licensed moneylender because Singapore’s Ministry of Law requires them to carefully give details in layman terms for borrowers to fully understand what will be the loan request process

Power Credit Enterprise Pte Ltd


SECURE PERSONAL DATA Sometimes, before you signed up with an authorised money lender, better stay away from them if ask for original copies of your personal data, because licensed money lender cares for their borrowers’ privacy, so carefully apply to trustworthy top money lenders.

Familiarise with these qualities when you are looking for a licensed money lender. If you think you are ready to pay your pending bills, contact Power Credit Enterprise in Singapore, as they an authorised money lender.

Power Credit Enterprise Pte Ltd


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