Licensed Moneylenders in Choa Chu Kang

Most licensed moneylenders in Choa Chu Kang will require your NRIC or valid passport (for foreigners), proof of income such as recent payslips or CPF contribution statements and proof of address.

Some lenders may also request bank statements from the past 3 to 6 months. Requirements can vary between lenders, so it’s advisable to confirm with your respective moneylender before in-person appointment.

Licensed moneylenders in Choa Chu Kang can typically process and approve loan applications within 30 minutes to a few hours, provided all required documents are in order. Some lenders also offer online applications through ROSHI, allowing you to get pre-approved before visiting their office for final verification and disbursement.

Moneylenders in Choa Chu Kang offer a range of loan products including personal, fast cash, payday loans and foreigner loans. Loan amounts and terms are regulated by the Ministry of Law, with interest rates capped at 4% per month regardless of whether the loan is secured or unsecured.

Foreigners holding a valid work permit, S Pass or Employment Pass can apply for loans from licensed moneylenders in Choa Chu Kang. You will need to present your passport, work permit or employment pass and proof of income. Borrowing limits for foreigners earning less than $20,000 annually are capped at $1,500 under Ministry of Law regulations.

Under Singapore’s Ministry of Law regulations, if your annual income is less than $20,000 you can borrow up to $1,500. If your annual income is $20,000 or more, you can borrow up to six times your monthly income. These limits apply across all licensed moneylenders combined, not per lender.