Licensed Money Lenders in Bugis Reviews

Did you know that licensed money lenders in Bugis area are the most competitive in Singapore?

This is because there are 10 licensed money lenders concentrated in just 2 square km of land! That makes it about 1 licensed money lender every 200 meters!

According to the Ministry of Law, each licensed money lender is only allowed to open one office and therefore they do not have any alternatives but to compete with each other! Which is the best lender among them?

private money lenders competing

Our team at LoanGuide.sg had conducted a review on the pros and cons of each of them! Scroll down to find out!

Legal Money Lenders Located in Bugis Area

For avoidance of doubt, Bugis area covers Bugis, Bras Basah and Arab Street. We would only include licensed money lenders that are still listed by the Registry of Moneylenders as of 1 August 2019.

1) Bugis Credit Pte Ltd

bugis credit money lender

Licensed No: 31/2019
Location: 470, North Bridge Road, #02-12, Bugis Cube, Singapore 188735
Phone Number: 6345 9123
Website: https://www.reliablemoneylender.sg/

PROS:
• Previously known as a symbolic money lender in Bugis area
• Comfortable office space
• Loan tenures are quite long

How to get there:
1) Take the public transport to Bugis MRT Exit D and it is just a 1-minute walk away to Bugis Cube.
2) Nearest Bus Stop (B01039), Bus 61, 851, 7, 32, 51, 63, 80, 145, 175 and 197

2) Singa Credit Pte Ltd

singa credit money lender bugis

Licensed No: 130/2018
Location: 470, North Bridge Road, #02-01, Bugis Cube, Singapore 188735
Phone Number: 6694 6166
Website: http://www.singacredit.com/

PROS:
• Lowest Interest rate at 1% (only if no loans with other money lenders)
• offers tablets to fill up application form
• fastest Grab and Gojek Loan, have own calculator for Grab and Gojek based on their income
• Easy to negotiate longer payments

How to get there:
1) Take the public transport to Bugis MRT Exit D and it is just a 1-minute walk away to Bugis Cube.
2) Nearest Bus Stop (B01039), Bus 61, 851, 7, 32, 51, 63, 80, 145, 175 and 197

Fun Fact: There are 3 licensed money lenders in Bugis Cube alone!

3) Fortune Credit Pte Ltd

fortune credit private lender

Licensed No: 49/2019
Location: 470, North Bridge Road, #02-01A, Bugis Cube, Singapore 188735
Phone Number: 6777 1887
Website: https://www.fortunecredit.com.sg/

PROS:
• Offers long tenure loans
• Fairly flexible repayment schemes
• Loan officers are friendly and polite

How to get there:
1) Take the public transport to Bugis MRT Exit D and it is just a 1-minute walk away to Bugis Cube.
2) Nearest Bus Stop (B01039), Bus 61, 851, 7, 32, 51, 63, 80, 145, 175 and 197

4) 1st Credit SG Pte Ltd

1st Credit cash lender

Licensed No: 112/2019
Location: 149, Rochor Road, #01-07, Fu Lu Shou Complex, Singapore 188425
Phone Number: 6266 5422
Website: http://www.moneylenderhub.com/

PROS:
• Usually offers big loan amounts
• Low interest rates
• Member of Credit Association of Singapore

How to get there: Take the public transport to Bugis MRT walk for about 3 minutes to Fu Lu Shou complex. (Can cut through Bugis Street as it is faster)

5) SU Credit Pte Ltd

su credit licensed money lender

Licensed No: 116/2019
Location: 175, Bencoolen Street, #01-36, Burlington Square, Singapore 189649
Phone Number: 6636 5644
Website: http://www.sucredit.com.sg/

PROS:
• Old brand name in Bugis
• Offers loans to lower income individuals. (e.g. salary S$1.8k)

How to get there: Take the public transport to Bugis MRT walk for about 3 minutes to Fu Lu Shou complex. (Can cut through Bugis Street as it is faster)

6) Credit Hub Capital Pte Ltd

credit hub capital legal lender

Licensed No: 120/2018
Location: 190, Middle Road, #10-01A, Fortune Centre, Singapore 188979
Phone Number: 6338 5115
Website: https://credithubcapital.sg/

PROS:
• Offers long tenure installments to their customers
• No early redemption fees, even has interest rebate for early repayment

How to get there: Take the public transport to Bencoolen MRT, use Exit A and walk 2 minutes to Fortune Centre. It is located at Level 10.

7) QV Credit Pte Ltd

qv credit money lender bugis

Licensed No: 100/2019
Location: 175A, Bencoolen Street, #11-08, Burlington Square, Singapore 189650
Phone Number: 6835 7775
Website: https://qvcredit.sg/

PROS:
• Long-established licensed money lender in Bugis
• No early redemption fees, even has interest rebate for early repayment

How to get there:
i) Take public transport to Rochor MRT, (Use Exit A) walk 1 minute to Burlington Square.
ii) Bus Services to Opposite Burlington Square 64 / 65 / 131 / 139 / 147 / 166 / 857
iii) If from Novena MRT Station take Bus Services 56 / 131 / 166 / 980

8) Credit Excel Capital

credit excel capital money lenders

Licensed No: 98/2018
Location: 192, Waterloo Street, #6F-03-05, Sky Line Building, Singapore 187966
Phone Number: 6337 0055
Website: https://www.creditexcel.com.sg/

PROS:
• One of the biggest ML in the market
• Offer many types of loans.

How to get there:
1) Take the public transport to Bugis MRT, walk 5 minutes to Skyline Building
2) Take buses at Bencoolen Road: 56, 64, 65, 131, 139, 147, 166, 857, 980

9) U Credit (Pte) Ltd

u credit money lender in bugis

Licensed No: 163/2018
Location: 180, Bencoolen Street, #01-19, The Bencoolen, Singapore 189646
Phone Number: 6337 1768
Website: https://ucredit.sg/

PROS:
• Very flexible repayment schemes
• Long loan tenures
• Long opening hours on Sunday (9am – 6pm)

How to get there: Take the public transport to Rochor MRT, (Use exit A) walk 5 minutes to The Bencoolen.

10) Swift Credit Pte Ltd

swift credit bugis lender

Licensed No: 152/2018
Location: 1, Sophia Road, #01-37, Peace Centre, Singapore 228149
Phone Number: 6383 0418
Website: http://www.swiftcredit.sg/

PROS:
• Very responsive through the phone
• Polite and friendly loan officers
• High approval rates

How to get there:
1) Take the public transport to Dhoby Ghaunt MRT, (use Exit A) walk about 11 minutes to Peace Centre
2) Take buses 1N, 2N, 3N, 4N, 5N, 6N, 64, 65, 131, 139, 147, 166, 857 or NR6, walk 1 minute from bus top B07011

Conclusion..

Each licensed money lender has their own strengths and weaknesses and its up to you to decide depending on your individual circumstances and urgency. If you would like to know more, you could read the full money lender reviews in Singapore on our website.

private money lenders in Bugis Singapore

Visit us at LoanGuide.sg for more information or you could check our Insider’s Guide to Borrowing from Licensed Money Lenders.

1 Comment

  1. Albert Wong August 10, 2019 at 1:27 pm

    That’s of great help! thanks!

    Reply

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