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The Best Place To Get A Personal Loan – Awarded a pilot program by the Ministry of Justice, Accredit Pte Limited is a new generation of licensed moneylenders with a sustainable model focused on consumer protection. With branches located all over the island of Singapore, we offer you money lending services.
Accredit Money Lender Singapore develops innovative digital solutions to make the loan application process as painless as possible and offer you unprecedented accessibility. Now you can request a personal loan wherever you are! Applying for a loan has never been easier with branches located across Singapore.
The Best Place To Get A Personal Loan
Our Guarantee We are a licensed lender in Singapore, providing responsible credit and lending services since 2002
Best Personal Loan Singapore
Our proprietary credit systems make approval fast and efficient. Get your loans in Singapore NOW without waiting for approval!
Protected with industry-standard HTTPS (TLS1.2) and approved penetration testing, your data is safe with Accredit Money Lender.
Contact us anytime to service your existing loan accounts or make new requests.
Submit your loan application information online, wherever you are! Request a quote to get an estimate of available loan repayment terms
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Our credit systems make approval a quick and straightforward process. Our case managers will contact you to book an appointment if your request is successful.
Visit our office with the necessary documents and receive the money immediately! No waiting and you will receive the money the same day.
A personal loan is a loan that is provided for short-term personal needs. This facility is available to all Singapore citizens on a fixed income. You can apply for a personal loan even if you are a foreigner with a valid passport to work and live in Singapore. Accredit Moneylender offers easy personal loans in Singapore with fast approvals and reasonable interest rates. We also allow you to choose the repayment plan that suits your loan so that repayment occurs stress-free and hassle-free.
Financing your business can be a tedious task. Especially if you’re starting from scratch with zero financial profit margin. While you may not get an immediate paycheck from your new business, you still need to pay your employees and keep the system running. Accredit Money Lender supports these entrepreneurs and offers our ambitious entrepreneurs an affordable business loan solution, especially in difficult times. We offer short, medium and long term loans according to your needs.
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Debt consolidation is the process that helps you consolidate your new loan so you can pay off much smaller junk loans and debts. This product is useful if you are unable to pay off payday loans, credit card debts, or other smaller debts. In this process, we consolidate all your debts and smaller loans into a single loan that helps you pay them off with ease. Our expert loan consultants at Accredit & Legal Money Lender Singapore are here to help and advise you at every stage of debt consolidation to ensure a smooth process.
Financing your business can be a tedious task. Especially if you’re starting from scratch with zero financial profit margin. While you may not get an immediate paycheck from your new business, you still need to pay your employees and keep the system running. Licensed money lender Accredit supports such entrepreneurs and offers a mattress of business loan solutions to our aspirants. We offer short, medium and long term loans according to your needs.
There are countless reasons why people in Singapore are unable to pay off their debts. The most common reason is that people do not have enough money to repay their debts on time and the amount accumulates a significant amount of debt. But we will share with you some great tricks that will help you get out of debt this year. Here’s how to get started.
Before you think about paying off your debts, you must first make a list of all the debts you have. This is because you want to know exactly how much you owe each creditor. Clearly seeing the amount you owe and the number of people you owe it to will help you develop a better debt management strategy. If you don’t have a written list, you could miss out on debt repayment.
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Start by creating a budget that shows your income and expenses each month. This way you can allocate your scarce resources more efficiently. The budget also gives you an idea of expenses you can cut or avoid altogether.
Once you have defined your budget, you also need to determine your debt-to-income ratio. Ideally, your debt-to-income ratio should never exceed 35%. In other words, 35% of your income should go towards paying off your debts each month and should not exceed that amount. Because anything more than that means you won’t be able to pay all your taxes. Therefore, if you intend to take out a new loan or credit card, make sure that the repayments along with previous obligations do not exceed 35%. It is always better to avoid taking out a new loan before having paid off the previous repayments.
An important step in dealing with your debt is to accept that you have a problem. And to get away from the problem, you have to sacrifice a little and put in a lot of effort. So get ready to save on expenses. If you continue to live a lavish life with all the big expenses, you will find it difficult to manage your debts. So, start comparing the goods and services available in the market and choose the cheapest ones without compromising on quality or features. Also, cut back on non-essential activities like going out and entertaining until you regain control of your finances. These small steps will leave you with more money at the end of each month that you can use to pay off your debt balance.
It’s common sense that if you have multiple debts in your name, you should pay off the one with the highest interest rate. You need to know that to have a good credit score, you will have to pay off your debts sooner or later. Higher interest rate debt only adds to your suffering as you pay more and more each month. If you can’t pay off all your debts at once, leave lower interest debts for later. This way you accumulate less money, which you will have to pay later.
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In most cases, credit card payments will have the highest interest rate. Don’t forget to delete it first. Also try to control your card purchases to avoid accumulating further debt.
It’s very easy to keep extra cash on hand if you get bonuses, discounts, or insurance money. Instead of using this amount to live a luxurious life or buy something big, you can use it to pay off your debts. You can ask your bank or lender for early repayment terms. And as you know, when you get a bonus, pay off the debt with the highest interest first.
In another scenario, if your salary has increased, you might consider paying more each month. You can ask your creditor if it is possible to increase your monthly payments so you can pay off faster and save on unnecessary interest.
As you can see, there are several ways to get out of debt. You need to have the mindset that getting out of debt is easy, but not easy, so you can’t afford to relax. So think smart, prioritize your debts, plan your money and you can manage your debts without much worry. It’s easier than you think! An accredited moneylender in Singapore can help you. Find us at any of our locations in Singapore. There will definitely be branches suitable for you!
Get Personal Loan Recommendations & Compare Rates
From October 1, 2015, lenders can charge a maximum of 4% per month. This limit applies regardless of the borrower’s income and whether the loan is unsecured or secured. If the borrower does not repay the loan on time, the maximum late payment the lender can charge is 4% per month for each month the loan is late.
– a commission that does not exceed 10% of the loan amount in case of granting a loan; AND
– Legal assistance costs determined by the court in the event of a positive outcome of the creditor’s request for recovery of the loan.
What should I pay attention to if I am a guarantor of a loan?
Hsbc Personal Loan Review (2023)
Don’t take loans from unlicensed moneylenders in Singapore. Check if a moneylender is licensed in Singapore by checking the list of licensed moneylenders. Click here for a list of authorized loan sharks. Although lenders are licensed, be careful if:
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