At Moneylender review, we want to provide you a platform to compare moneylenders. There are many moneylenders in Singapore. Reviews of the moneylenders are posted here on a day to day basis. All of the companies here are licensed.
Ways to compare moneylenders:
The ways to compare moneylenders are as follow:
1. First hand comparison
This means contacting moneylenders and reviewing the information you get from them. You may decide to visit the moneylenders physically or contact them online. It is best to visit them as they will not give you a lot of information on their rates and other such factors on the phone or online. You will also be able to get firsthand experience of their service when you visit them. This will immediately tell you whether or not you’d like to commit to taking a loan from them.
2. Reading moneylenderreviews.com.sg
This is the easiest way to get information on moneylenders. Our website offer reviews from legit people.
Tips when comparing moneylenders:
1. Fees and charges
Many people jump at a loan with low interest and forget that there are additional charges and fees attached to loans. Fees such as loan processing fees and insurance charges for loans will add up to the total costs of the loan. You should therefore factor this in when considering a loan package.
2. Term and conditions
It is important to consider the conditions of the loan. Find out about penalties and what happens for late payments. It is important to understand the restrictions and requirements that accompany the loan.
3. Interest rates
This is usually the first thing people consider when comparing loans and moneylenders. The interest rate will affect the total amount you pay back. It is therefore important to ensure that you choose a loan with a low interest rate.
DO NOT borrow from loan sharks as it can spiral out of control. If you need cash, approach a bank or licensed moneylender. You can look through our moneylender directory and moneylender review on money lenders in Singapore and find one that you think may be suitable for your needs. If you have taken a loan from any moneylenders before, kindly leave a review here for them!