Are you borrowing money from the moneylenders? Facing challenge which one to choose and which one to reject?

Well, I should tell you it is a very tough task. Moneylenders are there everywhere. When you are in need of cash you will find many of such lenders who may be approaching you to give money or cash.

And when you need it, you easily trust on them and take it. But the problem arises later on. The high rate of interest, frequent payments for loan repayment or sometimes illegal demand- problems are many.

So we must be concern about choosing the money lenders before actually taking the cash. In this article, we have guided people how to choose the money lender companies and have a safe lending experience.

Look before you take the final leap

Before you get started with them, confirm about these things:

  • Check if the money lender is having a license or not. Having a license is a must for every money lenders. Trusting becomes an issue in case they are not at all registered. So it must be registered one to help you get the financial help.
  • While you take the money, both of the party should sign a contract paper. If the contract paper is given by the money lender organization then you must read all the terms and conditions. Also make sure you are aware of every point on the contract paper. Money Lenders Singapore will always make it a point to have contract paper as it is fully legal.
  • It is very important to check whether it is possible to follow all the terms of the contract paper. You may contradict with any of them and so share you thought with the company.
  • Understanding each of the terms and condition is very important. It would tell you about the payment process, rate of interest, how that will be charged. So make sure you are absolutely clear about these things before taking the loan.
  • It is always suggested that you should borrow the required amount and that too in small range. Borrowing high amount may be a problem to repay back. Often the rate of interest of such personal loans or payday loans is higher than the normal ones.
  • Check the rate of interest and know whether it is floating or not. Floating rate of interest will be changing with times and per the guidelines followed.
  • We suggest to prevent any kind of rush during the loan approval. It is fact that you may need the cash as soon as possible. But a fast approval may charge you a bit higher processing fee which is literally a waste of money.


Credit Excel Capital Singapore has been ruling the credit market of Singapore since 2010. They have been with the customers valuing their needs and requirement. Moreover they look what the person need to have the cash.

Hope you find this source useful or borrowing cash. Follow these guidelines and you will not face any problems.