If you’re living in or around Bedok and require a quick loan to tide you through a financial emergency, you’ve come to the right place. This article covering the top Bedok money lenders who are licensed by the Ministry of Law and offer a wide range of personal and business loans is perfect for you.
Unlike loan sharks, legal money lenders are regulated under the Ministry of Law and have to abide by strict codes of conduct established under the rules and regulations that apply. Rest assured that the bulk of them are professional and reliable.
That’s not all. A trusted legitimate money lender near Bedok will be able to provide you with secured and unsecured loans through a simple and quick application process that takes just a few minutes to complete. Approval is equally fast, especially if you have your supporting documents ready.
Money lenders can also be more advantageous than bank loans, especially if you don’t currently have a good credit score.
For those of you who may require a helping hand and don’t want to travel too far away, here’s a list of five money lenders in the central Bedok area. Don’t worry, they are all located within walking distance of the MRT station.
1. Lending Bee
| Address | Blk 205, Bedok North Street 1, #01-379, Singapore 460205 |
| Contact Details | Phone Number: 6242 7833
Email Address: N/A |
| Website | lendingbee.com.sg |
| Business Hours | 11am to 8pm (Monday to Saturday)
Closed on Sunday and public holidays |
| Loans Offered | Personal Loan, Debt Consolidation Plan, Business Loan, Home Renovation Loan, Bridging Loan, Wedding Loan, Travel Loan, Overseas Education Loan, etc. |
| Google Rating | Based on 1512 reviews  |
This is one money lender that provides flexible repayment terms to its clients. The loans that Lending Bee offers are personalised according to your income and financial situation. According to reviews from clients, they are happy that Lending Bee provides higher loan amounts with longer repayment schemes for borrowers who require it.
Lending Bee is at an accessible location for Bedok residents, taking just five minutes to walk over from Bedok MRT station. You can even use the company’s mobile app on iOS or Android to manage your loans and repayments.
2. MM Credit
| Address | Blk 217, Bedok North Street 1, #01-61 Bedok Central, Singapore 460217 |
| Contact Details | Phone Number: 6200 0022
Email Address: [email protected] |
| Website | licensedmoneylender.com |
| Business Hours | 11.30am to 7.30pm (Monday to Friday)
11.30am to 7pm (Saturday) Closed on Sunday and public holidays |
| Loans Offered | Personal Loan, Payday Loan, Grab Loan, Renovation Loan, etc. |
| Google Rating | Based on 2607 reviews |
Some foreigners may find it difficult to obtain a loan from banks in Singapore and even certain licensed money lenders. However, MM Credit offers loans to foreigners residing in Singapore, alongside Singaporeans and Permanent Residents. The company also customises loan packages according to each of its client’s financial needs.
Even if you do not have a favourable credit score, you can still apply and receive approval for an unsecured personal loan from MM Credit in just one appointment. Just remember to prepare your supporting documents beforehand.
3. On Line Credit
| Address | Blk 210, New Upper Changi Road, #01-731, Singapore 460210 |
| Contact Details | Phone Number: 6445 9166
Email Address: N/A |
| Website | onlinecredit.com.sg |
| Business Hours | 11.30am to 7.30pm (Monday to Friday)
11.30am to 7pm (Saturday) Closed on Sunday and public holidays |
| Loans Offered | Personal Loan, Debt Consolidation Loan, Bridging Loan, Fast Cash Loan, Business Term Loan, etc. |
| Google Rating | Based on 877 reviews |
On Line Credit is a money lender boasting a simple application process. What’s more, this private lender has a slew of five-star reviews which highlights its transparent customer service and ability to approve a loan within an hour after borrowers apply for one.
On Line Credit is a short walk away from Bedok MRT station, making it a convenient stop for all your personal and business loan needs. All it takes is just nine minutes of strolling and you’ll be at the company’s business premise.
4. Tradition Credit
| Address | Blk 205, Bedok North Street 1, #01-371, Singapore 460205 |
| Contact Details | Phone Number: 6283 1323
Email Address: [email protected] |
| Website | traditioncredit.com.sg |
| Business Hours | 11.30am to 8pm (Monday to Friday)
11.30am to 7pm (Saturday) Closed on Sunday and public holidays |
| Loans Offered | Personal Loan, Short Term Loan, SME Loan, Expatriates Loan, etc. |
| Google Rating | Based on 851 reviews |
Tradition Credit is a money that provides affordable short term loans for people who are in need of emergency funds. Once you’ve submitted your loan application, you can receive approval and even have your funds disbursed all in the same day. And if you have a good credit score, Tradition Credit can offer you a more attractive loan deal.
Tradition Credit also ensures that its repayment schemes are personalised according to its borrowers’ ability to repay their loan. This grants borrowers greater flexibility, especially for those who may have financial difficulties.
5. UK Credit
| Address | Blk 210, New Upper Changi Road, #01-723, Singapore 460210 |
| Contact Details | Phone Number: 6448 7448
Email Address: [email protected] |
| Website | ukcredit.sg |
| Business Hours | 11.30am to 7.45pm (Monday to Saturday)
11.30am to 5.45pm (Sunday) Closed on public holidays |
| Loans Offered | Personal Loan, Debt Consolidation Loan, Business Loan, Renovation Loan, Study Loan, Payday Loan, Wedding Loan, Grab/Gojek Loan, etc |
| Google Rating | Based on 3294 reviews |
UK Credit is a credible money lender that works under Singapore’s strict legal regulations. We offer instant cash loans as well as a wide range of other loan types catered to your needs and financial standing, including payday loans, business loans, and debt consolidation loans. Even if you have a bad credit history, we will still run through your applications and offer loan approvals.
Located just a five-minute walk away from Bedok MRT station and operating since 2008 with a plethora of fantastic reviews from customers, UK Credit is definitely a one-stop shop for all your loan needs.
Two Tips on Applying For a Loan From a Licensed Lender in Bedok
Before applying for a loan, it’s good to read this guide on borrowing from licensed lenders and what could help you get your loan approved by your chosen lender as quickly as possible. Here are two tips for you when you’re applying for a loan from a licensed lender.
1. Provide all the necessary supporting documents
To prevent multiple trips to the licensed lender’s business premise, ensure that you have all the necessary supporting documents on hand. These include identity proof (NRIC, FIN, passport, etc) and income proof (IRAS Notice of Assessment, latest three CPF contribution slips, etc).
Additionally, if your credit score is good, bringing along a copy of your credit report will allow the licensed money lender to work out a better loan offer for you as well.
2. Ensure that the repayment terms are reasonable
When discussing your repayment scheme with the money lender, it’s important to work out a schedule that’s reasonable for you. Additionally, you’ll need to ensure that you borrow within your means. Take on a loan that’s enough to resolve your emergency and do not give in to the temptation to borrow additional funds.
This allows you to comfortably pay off your monthly instalments and not have another financial emergency to worry about.
In conclusion
There are multiple money lenders situated within Bedok who’ve been in business for years. They are all conveniently located near the MRT station, so it’s easy for you to stop by and apply after work or when you’re running your weekly errands. It’s also easier for you to make a trip down to sign the loan offer once your application is approved.
UK Credit offers a wide array of loans, fast approvals, and fair interest rates. Kickstart your application with us in just a few clicks or contact us for complimentary loan advice — the choice is yours.
