GS Credit: Best Licensed Money Lender Jurong East Singapore
Best Licensed Moneylender located in Jurong East, Westgate Tower (conveniently right beside Jurong East MRT Station).

GS Credit: Top Licensed Money Lender in Singapore

LOW INTEREST RATES ALWAYS.
Get your Loan Processed within 1 Hour.
Flexible Repayments.

Looking for a short-term loan? GS Credit is a Singapore Licensed Moneylender (License No. 109/2020). You can call us at +65 6563 0321 for an appointment or use the form to apply.

Make An Appointment

Just fill out the form below to make an appointment with our friendly and qualified staffs to assist you. It's easy and fast..


    GS Credit - Best Licensed Moneylender in Jurong

    We are an established licensed moneylender (License No. 109/2020) in Singapore. As a proud member of the Moneylenders Association of Singapore, we always strive to ensure that the highest standards in professionalism and transparency are met.


      MinLaw Approved Licensed Moneylender

      Trusted by thousands of people in Singapore

      5 Star Reviews by valued customers

    Types of Loans We Provide

    The different types of loans and it's purpose

    Personal Loan

    Are you cash-strapped and need money as soon as possible? Apply for a personal loan with us and get the cash you need in an hour. Don’t worry, you are not restricted to any form of usage. Use the money to solve financial emergencies or pay your bills!

    Offering 100% transparency and the best interest rates, we process your application within the hour – much faster than any bank on the island.

    Learn more

    Foreigner Loan

    If you're a foreigner in Singapore, you know that most banks won't approve your loan applications. Their stringent requirements make it difficult to get a loan approval.

    GS Credit offers you an alternative. We understand that everyone can face difficulties, regardless of their nationality. Our customised foreigner loan can put you on the path to overcome your financial struggles by tomorrow.

    Learn more

    Medical Loan

    Medical issues are sensitive and often sneak upon us. If you're living on a tight budget, you may not have the necessary funds to cover medical expenses. Conversely, allowing your condition to aggravate leads to increased medical and financial issues.

    That's why you should choose our fast and customised medical loan. Whether you've been in an accident, suffer from chronic illness, or need a second expert's opinion, our affordable repayment schemes will help you deal with your medical emergency quickly.

    Learn more

    Debt Consolidation Loan

    Do you have multiple loans or multiple credit card debts? The snowballing interest rates from multiple loans increase your monthly instalments to unfeasible limits. Inflexible terms also make repaying your dues challenging so that you're spiralling into more debt. These accumulated financial obligations strain both your finances as well as your mental outlook.

    Our debt consolidation plans will help you solve these problems. We'll reorganise your multiple loans into a single one with flexible repayment terms and minimal interest. That way, you can budget better and decrease the stress in your life.

    Learn more

    Home Renovation Loan

    Renovating your home can be crucial in some instances, such as a new baby, an elderly relative moving in, or extensive repairs to your pipes. Whether you need wheelchair ramps, a baby room, or complete restorations in your home, you can come to us.

    We believe that everyone deserves to live in a safe, welcoming home, so we've tailored personalised home renovation loans that fit all your needs. We'll disburse your cash quickly so that you can start arranging your dream home today.

    Learn more

    Business Loan

    If you're a small business owner, you know that your company depends on things you can't always control. Unforeseen shifts in the market, broken equipment or a client that keeps postponing bills can destroy your business.

    But our personalised business loans will help overcome these difficulties. You can use these loans for a slew of purposes, from paying your bills to repairing faulty machinery or investing in your staff's training. Our expert agents will help you identify your business goals to solve them with this loan.

    Learn more

    Wedding Loan

    Getting married to the love of your life is a beautiful event! However, the cost of a wedding in Singapore can be extremely high. Couples have to consider the prices of wedding dresses, wedding venue rental, food, photography and more. Young couples may find it tough to afford.

    GS Credit offers wedding loans to help couples arrange the best wedding for themselves! Find out more about our professional financial services today.

    Learn more

    What Customers Are Saying About Us

    Meet our happy clients and find out why we are the best licensed moneylender in Jurong

    They are so nice and professional. Entered the office, straight away greeted by the staffs and the waiting time is quite fast. No hidden everything is well explained. Most recommended.

    Ekynn Omar Google Review

    GS credit name it self give the meaning for their services GOOD SERVICES to customers. Nice people good service and also patients. GS credit is the trustabel money lender in singapore. Treat the customers very respectfully. If need for money this the right place to go. No hidden charges. No false statement. Thanks

    Saravana Kumar Google Review

    The staffs here are good listeners,polite and will do their best to help with your needs. Been with them for 3years. Just recommend one of my friends to them.

    Fadzil Abas Google Review

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    Most people need to borrow money every now and then for a variety of reasons. With so many lenders available today, he or she will have to choose between borrowing from banks, credit unions, friends and family, moneylenders and the like. By far, the most popular choice of lender in Singapore is the moneylender. There are many advantages in borrowing from a licensed moneylender, but should one fall into the hands of an unlicensed moneylender, the results can be quite tragic.

    What Are the Benefits of Borrowing from A Private Licensed Money Lender?

    There are several benefits of borrowing the cash that one needs from GS Credit licensed moneylender:

    1. No collateral. One of the main advantages of borrowing money from a licensed moneylender is that they do not require any security to give out loans. Basically, they loan money on the strength of the borrower’s credit history and credit score, as well as current income.

    2. Easy eligibility requirements. Licensed moneylenders only have basic eligibility requirements for their borrowers to meet. They include being a Singaporean Citizen or permanent resident, having attained the age of 21, proof of identity, and proof of income.

    3. Less stringent credit score requirements. Whereas it may be difficult for someone with a credit score that is below average to borrow money from traditional lending institutions, licensed moneylenders in Singapore are willing to lend to them, and even to those who have bad credit. When it comes to loan approval and even loan repayment, licensed moneylenders will tend to be more flexible.

    4. Quick transaction. A licensed moneylender is the best solution for someone looking to get instant cash, or within 24 hours. This of course, is if he or she provides all the supporting documents with the application.

    5. No harassment. Unlicensed moneylenders or loan sharks are known for harassing their debtors. Licensed moneylenders must work within the parameters of the Ministry of Law and cannot carry out threats and other harassment tactics used by loan sharks.

    6. No income restrictions. Even though they must consider income when lending money, licensed money lenders like GS Credit do not restrict themselves to high income earners as is common with traditional lending institutions like banks. Low income earners are also welcome to borrow money with us.

    7. Requires only basic documentation. The supporting documents needed when putting in a loan application are basic, only your NRIC or passport and proof of income (Singaporeans can just provide their CPF/bank statement on the spot to process).

    9 Things You Can Use a Personal Loan from a Licensed Private Money Lender for

    A personal loan has no restrictions when it comes to usage. How one uses the money is left to their own discretion. Here are 10 of the most popular reasons why people take out personal loans:

    1. Debt consolidation. This happens when someone has many small outstanding debts that may be accruing a high amount of interest. Often, it is credit card debt that if left as is, could lead to trouble. Consolidating debt leaves him or her with a single payment in management monthly repayments, and with a rate of interest that is manageable as well.

    2. Home renovation and remodeling. Even though banks in Singapore offer home renovation loans, the amount usually has a cap on it. If one needs additional money to complete the renovation, a personal loan comes in handy.

    3. Wedding expenses. Weddings are expensive, and everyone wants to have a memorable day. A personal loan comes in handy in order to cater to all the expenses such as the wedding dress, photography and videography, cake, flowers, catering and decorations.

    4. Relocation expenses. This is especially true if one is moving to a distant location. Moving expenses are generally high, but when you factor in a distance move, they can be off the charts. A personal loan can help ease the financial burden of the move.

    5. Funeral expenses. A personal loan comes in handy when a person passes on and their estate cannot cover the expenses of a funeral. Many times, it is close family members that are left to foot the bills and they can be quite high.

    6. Medical bills. Even though most people have medical insurance, there are certain procedures that the insurer may not cover for one reason or another. Some of these include fertility treatments, cosmetic surgery, some dental services and orthodontics, bariatric surgery and care among others. Sometimes, it is the cost related to treatment that requires the additional money, such things as cost of travel, medication, live in caregiver, or aftercare among others.

    7. Large purchases. One may be able to take out a secured loan to purchase a boat, car, or RV, but there are other secondary expenses that may need additional funds. People who may not have good enough credit to qualify for such loans may also need to take a personal loan to cover their large purchases.

    8. Unexpected Expenses. Sometimes unexpected needs come up that totally throw off one’s budget. It can be a sudden spike in the bills, or a need to travel suddenly, or even that the car develops mechanical problems and needs fixing. If he or she does not have enough money saved to cater to these expenses, a personal loan can resolve the financial shortfall.

    9. School fees and related expenses. Most people can secure educational loans to pay for their school fees, but these loans may not cover the full amount, or may only cover tuition and no other related expenses such as the cost of books and the like. A personal loan can close the gap by paying off the additional fee amount, or being used to purchase books, bags, writing materials and covering any other school related expenses that may arise.

    Important Notice: Learn how to differentiate between a licensed and an unlicensed moneylender / loan scam

    Here is how to differentiate:

    1. Listed by the Ministry of Law. The Ministry of Law displays on their website a list of every moneylender that they have licensed to carry out business in Singapore. Once a borrower identifies a moneylender that they would like to do business with, the next stop should be this website to make sure that they are indeed licensed. If not, then he or she can be sure that they are dealing with a loan shark or an unlicensed lender.

    2. Clear Explanation of the Loan Terms. Licensed moneylenders are required by law to ensure that every borrower has the terms of the loan explained to them clearly in a language that they can understand. This means that all questions by the borrower should be answered satisfactorily, all the terms reviewed clearly. Any lender who uses too much jargon or is unwilling to fully explain the terms of the contract may not be legitimate.

    3. Sets the amount one can borrow based on income. Whereas unlicensed moneylenders are happy to saddle one down with high amounts of debt, licensed moneylenders considers one's yearly income. The amount they can offer is set by the Ministry of Law and all licensed money lenders abide by it.

    4. Contract signing. The law requires licensed money lenders to offer contracts to all borrowers. The contract should clearly spell out the loan amount, interest rate, loan tenure, any fees and charges applicable and the like. The borrower is required to read it and sign the contract if in agreement. Anyone willing to lend money without a contract, or with a contract that is incomplete or blank, may be a loan shark or an unlicensed moneylender.

    5. Interest rates. The Ministry of Law has set a maximum interest rate and all licensed moneylenders must abide by this. Any lender who charges interest rates that are above-market should be avoided at all costs. Loan sharks or unlicensed moneylenders are charging a much higher interest rates.

    6. Different types of fees. It is important to know that the law allows only for 3 different types of fees to be charged to borrowers. These fees are in addition to the interest rate that has been charged. They include the following:

      • Administration fee
      • Legal fees
      • A late fee

    Any lender who charges additional fees, or higher amounts than what is set by the government is most likely an unlicensed lender and should be avoided or reported to the Police.

    7. A physical office. The law requires that every licensed moneylender has an office that they operate from. The physical address of the moneylender must match the information provided by the Ministry of Law on their website. Most unlicensed lenders do not have a physical office. This means that one must be wary of lenders who only communicates with you via online means.

    Address

    1 Gateway Drive
    #06-08 Westgate Tower
    Singapore 608531

    Next to JURONG EAST MRT

    NS1
    EW24

    Contact Us

    Email: [email protected]

    Tel: +65 6563 0321

    Opening Hours

    Mon to Sat - 11.00 AM to 8.00 PM

    Closed on Sun and PH

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    Make an Appointment

    Just fill out the form below to make an appointment with our friendly and qualified staffs to assist you. It's easy and fast.