Best Licensed Money Lender Singapore: Online Instant Offer

February 26, 2024

Are you tired of making fruitless trips to Money Lender shops, only to face rejection? Worried about borrowing from a legal Money Lender or dealing with the cumbersome process of applying for a personal loan? And let's not forget those high interest rates and admin fees that make repayment seem impossible.

Best Money Lender: Friday Finance

Enter Friday Finance, your solution to all these common borrower woes. As a Licensed Money Lender, we specialize in digital solutions designed to eliminate these pain points. What sets us apart? We conduct personalized credit analyses for each individual application, ensuring that you receive the best rates tailored to your unique credit profile.

Our goal is simple: to make your monthly repayment manageable and stress-free. Say goodbye to wasted trips, worries, and high fees– and say hello to a seamless borrowing experience with Friday Finance.

What is a Licensed Money Lender in Singapore?

A licensed money lender in Singapore is an accredited financial institution authorized by the Ministry of Law. Friday Finance was among the first money lenders to be granted a license and is part of the government's pilot program.

These lenders offer instant loans to Singapore citizens, Permanent Residents, and foreigners holding valid Employment Passes. Legal money lenders in Singapore provide an alternative route for obtaining urgent personal loans, boasting quicker and less stringent application processes compared to traditional banks.

Instant Indicative Offers – Friday Finance Personal Loan

We understand that sometimes, borrowers need cash fast. While there are no 24-hour money lenders in Singapore (and any purported24-hour lender should raise red flags), Friday Finance offers an online loan application portal that operates 24/7. Through these platforms, you can apply for our range of personal loans anytime.

When you apply through Friday Finance, your application can be approved instantly – no more waiting. Everything is at your fingertips, allowing you to conveniently submit your application anytime, anywhere.

How is this done?

By integrating our loan application platform with MyInfo, we streamline the process by pre-filling certain details and retrieving precise information from various government agencies. With the clean information submitted together with your credit bureau report, we can run your application through our program calculator and pre-approve your application instantly.

However, please note that your loan offer and approval are contingent upon the accuracy and currency of the information provided in your application. You will still be required to visit during our working hours to complete your loan disbursement.

Online Approvals – No More Wasted Trips

At Friday Finance, we streamline our approval process by conducting all assessments online. We pre-approve our borrowers before their scheduled appointment, sparing them from unnecessary trips to our office only to face rejection. Once you receive a loan offer, you can book an appointment on our platform. If you have not submitted your credit bureau report, you will be prompted to do so to verify your declared information before your appointment.

Low Interest Rates and 50% Refund On Admin Fees

As an authorized money lender, our objective is to addressthe financial needs of individuals who may face challenges in obtaining fundingfrom conventional banks. In the realm of money lending, it's common for lenders to impose higher interest rates and administrative fees compared to banks.

Our aim is to provide the most competitive rates available, ensuring that our personal loans are accessible and affordable for our clients. Additionally, we offer a unique benefit: upon full repayment of your loan and consistent on-time monthly payments, we refund 50% of your administrative fees. Click here to find our more about the benefits availed to all our borrowers!

Start your application now with the click of a button!