When you require some quick cash, either because of a medical emergency or because there
has been a delay in the payment of your salary, it may not always be feasible for you to go to
your friends and family. Not only can it be a bit of a blow to the ego, but there is also a
chance that they may not be able to help you out. Taking a loan from the bank means that you
have to wait for long periods, and you may not have the luxury of doing so in some cases.

In this situation, going to a licensed money lender seems to be the best option. Not only do
they help process your application faster, but they also have different kinds of loans that you
can choose from to ensure that your interest rates remain low, and you only take the amount
that you require.

However, in an emergency, you may be tempted to take a loan from the first money lender
that you find. But when choosing a licensed moneylender in Singapore, you must keep a few
things in mind. The following tips will be helpful to you if you want to ensure that any
transaction that you make is legal, safe, and secure. By following these tips, you can be
assured that you will be able to pay off the loan securely, and you will not be cheated on your

What Are Some Tips To Keep In Mind?

When you go to a licensed money lender, there are a few things that you should consider
before you decide to commit:

The Credibility Of The Money Lender: When you go to a licensed money lender, you must
check their credibility. You can do so by looking up their license number and checking
whether they are on Singapore’s Registry of Moneylenders. Looking up their license number
also helps you see whether there are any complaints against them and whether they are
operating illegally. Apart from this, you can review client testimonials, reviews online, and

more to see what the experience of previous clients has been like. You can also do your
research and go to a consultant who can guide you to the best money lender. When choosing
a money lender, it is best to choose someone who has been in the industry for a couple of
years, at least.

Read The Fine Print: Before you make any commitments ensure that you know every part
of the deal. When looking at different interest rates that licensed money lenders to offer, do
not be swayed by the lowest interest rates. While licensed money lender can offer very low-
interest rates depending on the type of loan, more often than not, if the rate is too good to be
true, then it most likely is. With a credible money lender, you always get a contract that you
must sign before the loan can be sanctioned. Depending on the type of loan, the schedule of
payment, the interest rate, as well as the maximum amount that you can borrow, may differ.
Hence you must read the contract carefully before you sign it so that you are aware of every
part of the deal and check whether there are any hidden costs or not.

Ease Of Communication: When you are approaching a money lender for the first time, it is
natural that you will have a few queries. You must ensure that your money lender is patient
with you and answers all of your questions carefully. When you are taking out a loan, the
most important question in your mind is how you will repay it. You must ask your money
lender whether you can have a flexible schedule when it comes to repayments or does it have
to be a fixed one. Any question that you may have regarding the amount of money, the
schedule of repayment should be answered carefully so that you can make an informed

Thus, it is evident that there is a lot that you need to think about before you approach a
licensed money lender to take out a loan.

Why Opt For Crawfort?

Crawfort is one of the leading licensed money lenders in Singapore. As you can see, choosing
a money lender can be a challenging task; there is a lot of research that you need to do before
you can make an informed decision. With Crawfort, all of your worries will be soothed.

Crawfort is not only dedicated to helping their clients whenever they need it but are also
dedicated to their ethical business model. Taking a loan out with Crawfort is easy and
seamless. They process your application quickly and ensure that you have the money that you
need, right when you need it without any obstructions or delays.

Additionally, they have a secure way of operating to protect both the client and themselves.
They ensure that the clients’ confidential information remains private and puts the clients at
ease by allowing them to satisfy their queries. Crawfort also encourages their clients to
consult third-parties before taking a loan out with them so that their clients can be reassured
that Crawfort is the best choice for them.

Crawfort Singapore does not want to exploit their clients; rather, they want to work with
them to ensure that their financial emergency is resolved with ease. They ensure that they
review their client’s financial needs before they sanction any loan. Thus, they only approve a
loan that the client needs and will be able to pay off comfortably, rather than simply
sanctioning large sums of money.

Approaching a licensed money lender can be challenging especially when you never had to
do so before. However, a licensed money lender is safe and legal, which will ensure that you
can get immediate help with your financial situation without any hassles. It is safe, legal, and
a quick way to take care of any unexpected financial emergency.