There are many things that banks look at before they give a loan to anyone in Singapore. One is that one must have a white collar job. What if you do not have one? What if your credit history is not very impressive? None of these means that you cannot get a loan. You can actually get one from a private money lender. Who is this and how can you get one?

Private money lending is a business like any other. It involves an individual or a group of individuals lending money to people in need. The lenders will then make a profit from the interest they will charge on the amount loaned. There are many private lenders in Singapore that can loan you quickmoney when you need it. 

The first step in looking for a money lender is ensuring that they are licensed. You can find a list of licensed moneylenders at the Ministry of Law website. Having a license means that they have met all the legal requirements. Any legal issues that may occur while transacting with them van be dealt with by the authority. From this list you can then narrow down your search by looking at each lender’s website.

The website of a lender will give you a feel of their service. The fees and terms will also be stated there. Narrow down to private money lenders who have flexible terms and charge affordable with no hidden charges. Next, look at what other people have to say about the lenders. Compare the reviews of the different lenders by their customers. You can find these on their website or review websites. Only choose a lender who has a good reputation.

The last thing you need to do is visit the moneylenders physically. If you have narrowed the options down to five, visit each before settling on one. You will be able to make the best decision based on what you will find at each office. Choose a private money lender whose service is fast and processes applications fast so you get quickmoney when you need it..