Punggol or Ponggol is one of the planning areas and new towns in the Tanjong Punggol peninsula in Singapore. Due to its location, urban development in the area accelerated. Thus, it contributed to a better transportation option.
Tampines Expressway (TPE) links Punggol New Town with Singapore’s expressway. In addition, Kallang-Paya Lebar Expressway provides a direct route to the city area via TPE. Meanwhile, other public transportation includes the Punggol LRT Line, Punggol Bus Interchange and Punggol MRT Station. It connects its residents to malls, schools, offices and even moneylenders.
Borrowing money is intended to save your finances and keep up with investments. It is successful if with licensed moneylenders in Singapore. Save yourself from unlicensed moneylenders. Be familiar with unlicensed lenders:
If your lender practice this, report them to the Registry of Moneylenders. Include the following information: the moneylender’s business name, license and contact numbers. Therefore, you save potential borrowers from becoming a victim by doing this.
Licensed moneylenders in Punggol know how to advertise and market potential borrowers. They based it on the advertising rules. In November 2011, it reiterated that licensed moneylenders could only promote through these channels:
Other channels not included above are strictly prohibited. If you encounter a certain lender in the wrong channel, don’t involve yourself with them. It’s either licensed moneylenders operating in violation of the rules or unlicensed moneylenders. It is risky if they cannot follow the rules. How can you be sure that they will follow your agreement? So report them accordingly to the Registry or the Police. They will conduct an investigation in your behalf.
Only apply for a payday loan to compliant licensed moneylenders in Punggol. Also, their advertisements will catch your attention. Plus, they will help you deal with your financial struggle. In addition, always seek clarifications with them before signing any contract.
Let’s face it. Not all licensed moneylenders follow the law. However, if ever you encounter such behaviour, report them with these three easy steps.
Not all moneylenders are doing malpractice. Still, there are licensed moneylenders in Punggol who are trustworthy and reputable enough. It is just a precaution. Also, these are possible actions to protect yourself and other borrowers from being their victims. Choose a reputable moneylender and have a safe and secured loan application.
Got your loan application approved? There’s still a list of things you must accomplish.
There is nothing wrong with keeping yourself away from unfitting lenders. However, be reminded that unlicensed moneylenders are easy to distinguish. So stay away from them at all costs. In addition, only make interaction with the legal and law-abiding moneylenders. Keep in mind the strict regulations regarding advertisements. In addition, inform the authorities about lenders who practice unjust doing. Being knowledgeable about loans and moneylenders is your best asset in taking out a loan.
Cash Mart is a licensed moneylender like no other. It is fully compliant with the Moneylenders Act as mandated, authorised and regulated by Singapore’s Ministry of Law (MinLaw). Furthermore, it acknowledges and understands that every client has unique financial needs to resolve. And we believe that trust and integrity are the most valuable currency in this industry. In 48 years, Cash Mart earned an unmatched experience in the money lending industry.
Withstanding the constantly fluctuating market, it has discovered the secret to becoming the most sought-after licensed moneylender in Singapore. It is to put clients’ interests at the centre of every business decision, whether optimising the website or creating new loan products. Mediocre financial solutions are not enough. Cash Mart believes that while Singaporeans need loan products, they must also get them in the most convenient way.
That is why we have online loan applications! We want to be available to everyone who seeks financial assistance any time of the day, wherever part of the city-state you are. Our low interest personal loan products are planned to provide quality solutions for the everyday financial needs of modern life. Use our loans from bridging a financial gap to turning your dreams into reality.
Experience Cash Mart today!