The famous saying ‘money makes the world go round’ is not naïve. Money decides several courses for humanity: war and peace, poverty, environmental stances and many others. Money sustains agendas. It is not surprising that with the power that money has, many people turn to a moneylender Singapore.
The world is becoming more digitized and we have witnessed this, not only in media and manufacturing, but also on monetary bases. We have the ability to make international transfers thanks to World Remit, MoneyGram and PayPal. We live in the age of crypto currency; bitcoin and dogecoin, and other altcoins that are challenging our reliance on paper money and coins. Several experts propose that we could be in the transitioning stage from banknotes and coins to coded monies. Our understanding of money is not stagnant. Just like people, it continues to evolve.
What Is Money Lending?
A moneylender Singapore is the individual or private entity that lends money on short notice to a borrower, to be paid back with interest. These bodies are often given collateral in an act of good faith that the loan shall be returned to them. While they are often thought to work with people who do not have (according to banks) a reliable credit history, they also partner with individuals who are in need of quick money or are not aligned with any bank to give them loans.
There are a plethora of reasons one might engage in moneylending, particularly if they are involved in a digitalised industry. In manufacturing, computerising an industry is costly. It can easily cost millions to modernise a factory. Money lending covers a variety, from surgeries and wedding fees, to tuition and taxi fares. Even this is at a large scale. As an individual purchasing computer hardware and software, the prices are not always pocket-friendly. A moneylender Singapore provides the necessary money for the purchase in return for a profit.
Money Lending In The Digital Age
Money lending (which is also known as credit) is altering the ever-evolving world of finance. While moneylending is expensive, it is appreciated for its swiftness and ease. An authorised moneylender Singapore is a popular option to borrowers because it is simple, convenient and quick. Singapore is recognised as one of the wealthiest states in the world. It has a growing GDP of up to 373 billion USD as of 2019 despite its small territorial capacity. There is a distinctive movement of money and its movements that make it a wonder to financiers. However, it is still a country that accommodates those who require the extra financial assistance, and with its advanced technology it is able to give its nationals better financial care.
A moneylender Singapore now has a vast source of attaining income. Previously, reliant on cheques and notes, this financial sector has diversified to keep up with the age of information. Technology demands that the economy keep up. Crypto lending is a new form of credit that allows you to up your crypto investment as collateral in exchange for their required amount. Several authorised establishments accept Bitcoin and Ethereum currencies. CEX.IO, a cryptocurrency trading platform, is, as of February 2021, a licensed moneylender. That allows clients to borrow crypto-backed funding without credit checks.
There is a catch, though. Cryptocurrency, though easy to liquidate, is volatile. It is a game of prediction, even with one as stable as bitcoin. Thus, when a borrower uses crypto currency, they need to watch out for its stability, so that it maintains value when given to the moneylender. Crypto appears to be a slow trend in money lending.
Money Applications And The Internet
Money lending comes in a variety of forms, and having discussed crypto, it is vital to establish the relationship of money and the internet. As aforementioned, money is becoming not a matter of the intangible. And just as there are applications for monetary transfers there are several for borrowing funds, as well, many of which come adjoined to the establishment.
Finding a mobile-friendly accredited establishment is an essential, and it requires tact. They are held to policies and laws in place to ensure that they are regulated. Visiting an unlicensed moneylender can be a liability. Unlicensed practices can resort to coercion for customers to accept their terms. The licensed establishments below display integrity and genuine regard for their clients and customer needs. A moral code operates these companies and, therefore, you are assured of quality service to meet your requirements at your convenience. The services provided are a mix of those with applications and landed establishments.
Contact Number: +65 6337 1768
Address: #01-19 The Bencoolen, 180 Bencoolen Street, Singapore 189646
CreditMaster PTE LTD
Contact Number: +65 6748 1338
Email: [email protected]
Address: 531 Upper Cross Street, #01-04 Hong Lim Complex, Singapore 050531
Contact Number: 6219 1611
Orchard Branch: 14 Scotts Rd, #02-44/45 Far East Plaza, Singapore 228213
Yishun Branch: Blk 925, #01-233 Yishun Central 1, Singapore 760925
Bedok North Branch: Blk 213, #01-111 Bedok North Street 1, Singapore 460213
Jurong East Branch: Block 135, #01-335 Jurong Gateway Road, Singapore 600135
Contact: +65 6844 2902
Address: 1 Park Rd, #01-15 People’s Park Complex, Singapore 059108
Cash Mart PTE LTD
Contact: +65 6397 4111
Address: 277 Balestier Rd, Singapore 329726