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Financial emergencies may happen anytime, anywhere. Are there 24-hour money lenders in Singapore? Where do you find them and how do you avoid scams?
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24-Hour Money Lenders In Singapore: Where To Find Them And What To Take Note Of When you’re facing financial difficulties, panic may set in. Whether you need quick cash for something as basic as car repairs or as crucial as surgery, finding a 24-hour money lender is urgent. Here’s another thing: we Singaporeans are always tied for time. Work takes most of our time, so some of us only have the wee hours or the weekends for our needs. That’s why it’s essential to get to a licensed money lender outside business hours or Sundays. Let’s discuss your options below. What Do Licensed Money Lenders In Singapore Do? The Ministry of Law regulates and checks licensed moneylenders’ activity in Singapore. These agencies offer legal loans to everyone, whether citizens, PRs or foreigners.
If you need urgent cash, most licensed moneylenders offer streamlined application processes. But can you get that loan at any time during the day? Are There 24-hour Money Lenders In Singapore? You can’t find 24-hour money lenders in Singapore, unfortunately. If an agency claims to be open non-stop, it’s probably a loan shark masquerading as a legal loan officer. Please be careful of these scammers! The other possibility is that the licensed moneylender is breaking the law. Don’t stop reading, though. Here’s a solution for you: Most moneylenders in Singapore have 24-hour websites where you can apply even at 2am. Now you’re probably wondering where you can get your cash. Credit Thirty3 boasts fast approval times. You can apply with us anytime, and we will get back to you within an hour. Here’s how it works: Our loan platform uses MyInfo to get your info from several government agencies and credit bureaus. Connect with SingPass, and we’ll have access to your financial background. That way, there’s no room for human error, so that our website will process your application in minutes. However, the Ministry of Law imposes face-to-face verification as a mandatory step in loan disbursement. No licensed moneylender can hand you the cash without due diligence—those who promise that are either Ah Long or breaking the law. So, a loan officer from Credit Thirty3 will contact you as soon as the business hours start. For example, if you apply on a Sunday, we may arrange a meeting to hand you your cash first thing on Monday. Warning: Some loan sharks build professional-looking websites that mimic the legal ones. To avoid being scammed, you should double-check your moneylender on the MinLaw official website. The scammers build really similar websites, but it will provide mobile numbers that expose their scam. All licensed moneylenders will have a landline.