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 Tiong Bahru

Licensed Money Lender Personal Loan Tiong Bahru

Tiong Bahru is Singapore’s oldest housing estate. Today, it is considered one of the hippest neighbourhoods in the country because its atmosphere is a fascinating mix of traditional and modern Singapore.

If you wish to experience Tiong Bahru’s signature quaintness, consider visiting Curated Records, a vinyl record shop, or Tiong Bahru Food Centre, where you can easily find every Singaporean staple that you’re craving.

If you ever have a business in Tiong Bahru that requires extra funds, a SME business loan may be the answer.

What is a SME business loan and how does it work?

A SME business loan is a loan that’s catered specifically to small and medium-sized enterprises. These loans are customized to meet the unique needs of SMEs.

Examples of these include, but are not limited to:

  • Purchasing of new equipment
  • Moving to a new office space
  • Ensuring the business’ survival

Advantages of taking SME business loan with money lender

  • Fast application process: Securing a business loan is quick and straightforward once you’ve gathered all the necessary documents and ensured your business’ eligibility. The typical process time is less than 3 business days upon the receipt of your application.
  • Get up to $200,000: You can loan up to $200,000 if your business has a minimum turnover of $60,000. Additionally, you can get a bigger loan amount by opting for a secured loan.
  • Client privacy: Following the Personal Data Protection Act 2012 (PDPA), GM Creditz commits to protecting all of our clients’ details and privacy.
  • Fair interest rates: Although the Ministry of Law caps the interest rates of moneylenders to 4%, this does not apply to business loans. Thankfully, our range here at GM Creditz is only between 5-15%.

How to apply?

Before you can apply, you first have to make sure that you meet the eligibility requirements. For this, your business should be:

  • Registered in Singapore
  • Running for a minimum of one (1) year
  • Getting a minimum turnover of $60,000

You must then collect the required documents, which include:

  • NRIC of all directors or partners
  • Recent business profile from ACRA (Accounting & Corporate Regulatory Authority)
  • Recent income tax assessment notice (company & personal)
  • Recent financial statement
  • Recent business contracts or invoices
  • Recent utility bills under the company
  • Bank statements from the last 6 months
  • List of company assets (if any)
  • Shop/office tenancy agreement (if any)

Once you got these nailed down, the next steps that you should take are:

  1. Contact us online or via phone: You may apply for a business loan online, through our website or through e-mail. Alternatively, you can call us at 6588 1886.
  2. Attend the in-person appointment: You will be invited by our loan officer to attend an appointment so we can further discuss your situation.
  3. Claim your cash: If the loan terms and conditions are agreeable, you can claim your cash within minutes of signing the contract.

How can GM Creditz help you?

As a licensed money lender in Singapore that’s been in the business for over a decade, we at GM Creditz will continue to serve our clients in the best way we know how — by being the financial superhero in that crucial time of need.

Contact us at 6588 1886 or [email protected] to get your SME business loan approved as soon as possible.

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