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 Hougang

Singapore Hougang

Hougang is a planned and mature residential town. It holds the title of being the most populated town in the North region of Singapore. Punggol Park, Hougang Neighbourhood Park, and Realty Park Playground located here ensure that the area has enough natural beauty and is a retreat to residents. Community centres and sports halls here allow residents to maintain a healthy and active lifestyle at an affordable price.

How to Identify a Licensed Money Lender? 

While applying for a loan, please remember to take it only from a licensed money lender. You can verify if the moneylender is licensed by checking the Ministry of Law’s website. Please refrain yourself from taking a loan, if you witness any of the following behaviour of moneylender:

  • Use foul language, or threaten you in any manner.
  • Wants to know your SingPass user ID, and/or password.
  • Retain any of your ID
  • Ask you to sign a blank or incomplete contract

These practices are illegal and unacceptable by the law. If informed to the assigned authorities, legal action can be taken against them.

What to Consider When Taking a Loan?

Following things are necessary to consider while taking a loan:

  1. Repayment period: When you opt for a loan, the time duration for repayment plays an important role. Longer time means small monthly installments but more interest. 
  2. Interest rate: The interest rate that you have seen in an advertisement is not necessarily the one that you will be paying. The interest rate depends on the loan tenure and your credit score so it can vary from person to person. The maximum interest is 4% monthly.
  3. The maximum amount you can borrow: Licensed money lenders can give a loan of up to 6 times of your monthly salary. Moneylenders, however, can determine the final loan amount only after going through your eligibility and other considerations.
  4. How fast you can get the cash: Most money lenders give a loan approval in as short as 30 minutes to an hour, and they can provide you with the money within an hour after you submit your documents.
  5. Processing fees: There will always be a processing fee involved when you apply for a loan. A licensed money lender only can charge a fee not exceeding 10% of the principal of the loan when a loan is granted.

Why Us? 

GM Creditz is a reputable loan provider in Singapore. They aim to provide loans to everyone who needs financial help. Hence, this licensed money lender gives a secured and unsecured loan to people depending on the amount of loan. They also consider applications that do not have a good credit history, as long as you can prove that you can repay the loan and that you afford it. 


If you are looking forward to applying for a loan with GM creditz, you can contact them by their website, or you give them a call at 6588 1886.

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