Reliable Legal Licensed Money Lender in Singapore

At Orange Credit, we aim at understanding your predicament and financial status before designing and delivering the finest suitable financial plan for you. Though you may have poor credit, have peace of mind that we do not decline applications and strive to provide loans unique to each individual’s financial circumstances.

2. We are reliable and trustworthy

Orange Credit Pte Ltd happens to be one of 154 legal money lenders on the Ministry of Law’s list of authorised legal money lenders in Singapore. Our operations and services absolutely conform to the Ministry of Law’s regulations. As such, our processes and services are 100% transparent and equitable to everybody. As we are a licensed money lender in Singapore, we also issue contracts and invoices for all proceedings to our customers.

Our website features the MyInfo portal – exclusively available to recognised and reliable money lending companies. It is part of Orange Credit’s loan application information retrieval and verification method to ensure seamless and secure processes.

3. Fuss-free cash loan procedure

Money lending, we believe, may very well be complex for borrowers applying for the first time or those with poor credit. We want to alter that by offering straightforward and quick cash loan methods that help our customers obtain a loan that fits their financial circumstances. As a result, our experienced team is dedicated to crafting a financial strategy tailored to your specific requirements. This reduces financial downtime, allows consumers to obtain financial assistance sooner, and guarantees that a suitable financing solution is available for all.

4. Consolidate current loans or debts

Do you find yourself in a situation where you are taking out many loans with a poor credit rating? Fret not; Orange Credit’s debt consolidation solutions may assist. We can make future repayments easier by consolidating and combining all your debts into one loan. Furthermore, because of debt consolidation plans, rest assured that the credit score is set to only improve as you settle your bills, a definite win-win situation for our clients.

5. A wide variety of loans for your easy eligibility

With as many as seven varying loans tailored to your specific financial circumstances, acquiring easy loan eligibility makes a huge difference. At Orange Credit, we offer simple approval loans so that our customers may obtain a financial plan suited according to their demands – those with poor credit included.

1. Personal loans have a maximum interest rate of 4%

Are you aware that the highest monthly interest rate registered money lenders may charge is 4%? This implies that, regardless of your monthly income, legal money lenders in Singapore are only allowed to charge you 4% each month if there is no single failure in repayments. Furthermore, interest is charged based on a reducing balance.

2. Late repayments for a personal loan

Suppose you did not pay your debts on time. In that case, legal money lenders can levy a late interest rate of up to 4% each month on the outstanding late payment, with a maximum cost of $60 for every month of any late repayment, irrespective of the amount of loan. However, this does not apply to already paid repayments.

3. Borrowing expenses for a personal loan

When taking a personal loan from a legal money lender in Singapore, an administrative fee of no more than 10% of the principal loan amount is levied. The borrowing fee should not surpass the initial loan amount when borrowing from a licensed money lender in Singapore. When administrative fees, interest rate charges, and late repayment costs are combined, they must not surpass the amount of the principal loan.

4. Recognising the differences between licensed and unlicensed money lenders

Legal money lenders in Singapore have three options for advertising their services. Hence, if you decide on taking a loan but are unsure if the money lender is authorised or unauthorised, it is essential to keep yourself informed. Here, we list three channels where you may discover registered money lenders:

• Consumer or business directories (via print media or online).
• Advertisements are posted near, within, or on the legal money lender’s business location exterior.
• Official money lender website.

Should you obtain any unsolicited flyers, messages, calls, or other advertisements not included above, they might be from unlicensed money lenders or legal money lenders breaching Singapore laws.