With the overwhelming number of money lenders in Singapore, finding the best may be a daunting task. Hence the reason you’ll find so many people suffering under the hands of cruel, corrupt lenders or lending institutions.

Therefore, it is crucial to equip yourself with the correct information before rushing to any lender for any loan facility. Some lenders may look very attractive from the face value only to realize their animosity while you are already inside the mess. To avoid this, take your time to go through several lenders before deciding who to be your financier. Below are few tips that can help you identify an excellent money lender in Singapore.


When it comes to anything that involves money, you need to be very careful because things can quickly go south. Money is susceptible and needs to be handled with great care. Therefore if you are planning to take a loan, you must take time in finding the right lender. Although it might be a bit tasking to do the research, you’ll realize that it is worth it at the end of the day.

The very first thing that you need to do is to assess the credibility of the lending institution. This is one of the major traits of a reputable lending institution. The best approach to evaluate this is to look for previous customer’s feedback. Whether positive or negative, try to go through as many as possible until you are satisfied that you’ve got the right image of the lender. Ensure to compare feedback from different online platforms and not just rely on one site.

Loan Speciality

Just like the way we specialize in areas of professional, so do the lending institutions. There are those lending institutions that are specialized in mortgage financing, asset financing and so on. So your question should be, for what purpose do I need the money? With this in mind, you’ll be able to identify the lender specialized in the loan that you require.

If you borrow from a lender specializing in the facility you need, the high chances are that; you’ll get professional guidance, obtain low-interest rates, flexible repayment terms, high approval rates, and quick turnaround time.

Interest Rates

Different money lenders in Singapore offer varying interest rates. Every lender has a unique way of packaging their loans to be more competitive in the market. This is the easiest factor that you can use to compare different lenders. Lookup for various interest rates offered by different lenders and pick one that is more competitive.

Beware of loan sharks; in as much as you may want a low-interest rate, assess what is reasonable. Most loan sharks will come with very attractive rates only to realize later that there were hidden charges. Just go for reasonable interest rates and try to dig further if there are other hidden charges.

Terms of Engagement

Before signing the contract document, be sure to go through the terms and conditions. This document contains essential information that you need to be aware of.  Such information includes; repayment schedule, interest rates, consequences upon default, penalties, if any and so forth. So avoid lenders that may get you in trouble in the future.


A good lender will always provide you with all the information that you require. They should provide all the details of your transactions that you can follow and understand.  They should not conceal any information that is meant for your consumption.

The tips given above are a sure guide to finding a reputable legal money lender in Singapore. To save you the hustle of finding one lookup for OT Credit for all your financial needs.

Why Choose Us?

  • We are Legitimate Moneylenders
  • Licensed under Ministry of Law
  • We offer Personalized Loans
  • Quick turnaround time
  • High Loan Approval Rates
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TTMedia - a digital agency in Singapore that designed the creative website for OT Credit - a money lender in Singapore that offers the best loan services.