GM Creditz Pte Ltd is a licensed moneylender (License No. 101/2021) listed in the Registry of Moneylenders, under the Ministry of Law in Singapore.

Licensed Money Lender Personal Loan Braddell

Licensed Money Lender Personal Loan Braddell

Braddell is a popular MRT Station located in the Toa Payoh planning area, making it convenient to visit nearby attractions. If you find yourself in Braddell on a lazy afternoon and just want to chill in some picturesque or Instagram-worthy cafes in the area, we recommend the Little Prince Cafe, Dream Cafe, and Wheelers Yard!

If you also need emergency cash, trustworthy licensed moneylenders are also nearby where you can borrow some cash on the same day. Sounds pretty convenient, right? But before you head to the lender, keep in mind the following:

How To Choose A Good Money Lender Near Me?

Check The Credibility of The Money Lender

Before dealing with any money lending business in Tiong Bahru or anywhere in Singapore, verify their credibility first. Refer to the list of licensed money lenders in Singapore on the Ministry of Law’s website. The list is updated every month and it contains the money lender’s business name, license number, website, and contact information.

Advertising Channels

Do not fall for SMS, emails, or social media posts promising fast loans. Licensed money lenders in Singapore are not allowed to advertise through such channels.

According to the Ministry of Law’s website, licensed money lenders can only advertise through:

  • Business or consumer directories both in print and online media
  • The moneylender’s business website
  • Advertisements placed within or on their place of business, including the wall, door, and gate.

Loan Amount You Can Borrow

Licensed money lenders can offer you any loan amount for secured loans. However, for unsecured loans, the moneylender will have to check your annual income. For instance, if you earn at least S$20,000, you can borrow up to 6x your monthly salary.

Compare Interest Rates and Fees

A licensed money lender in Singapore can only charge up to 4% per month. This cap applies regardless of your income or whether you’re taking a secured or unsecured loan.

Other fees you need to take into account:

  • Up to 4% per month late interest rate
  • Not more than S$60 late fees
  • Processing fee of up to 10% of the principal loan amount

How To Apply For A Loan?

Step 1: Determine The Amount

With a licensed moneylender, you can borrow up to 6x your monthly salary. However, you must only borrow what you absolutely need. Remember, failing to make repayments can lead to late fees and interest rates.

Step 2: Check The Requirements


  • Must be 18 years old and above
  • Monthly Income:
    •  Singaporean: S$1,500
    •  Foreigner: S$2,000


  • Identity card or NRIC
  • For foreigners: Passport, Work Permit/ S-Pass/ Employment Pass
  • Proof of residence, such as utility bill or tenancy agreement
  •  Proof of employment, such as certificate of employment or 3 months’ payslip
  • SingPass to log into CPF, HDB, IRAS website

Step 3: Submit Application

Make sure you meet the eligibility requirements and have all the necessary documents ready. In doing so, the approval process will be quicker.

Step 4: Read the Terms and Conditions

Lastly, make sure you understand the terms of the loans, including the interest rate, loan tenure, and fees. The licensed money lender is obligated by law to provide a clear, thorough explanation. They must explain it in the language you understand.

How Can GM Creditz Help You?

GM Creditz has been providing tailored loan packages to assist borrowers with financial difficulties since 2009. They operate strictly under the rules and regulations set by the Ministry of Law. They offer fair interest rates on personal loans, payday advances as well as other products for eligible applicants who need it most today!


It’s actually fast and easy to get a loan even though you have no credit score. GM Creditz, among the top 10 money lenders in Singapore, can get your loan application approved in as fast as one hour. Just make sure you are eligible and bring the necessary documents for a smooth and quick transaction. Contact us to learn more!

List of Licensed Money Lender Near Me

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