Another significant benefit is transparency in processes. The loan agreements clearly state all terms and conditions, preventing any hidden fees or charges. Such transparency enables borrowers to fully grasp their obligations before taking out a loan. Additionally, licensed money lenders offer a range of loan products to suit different needs. Whether you need a personal loan, business loan, or a short-term payday loan, these lenders provide various options to meet your financial requirements.
Ang Mo Kio Town was the first town to introduce this road numbering system, and it has since been replicated in other towns such as Hougang, Jurong West and Woodlands. The newer towns such as Sengkang and Punggol no longer follow this system.
The town is well served by a multi-modal public transport system. Four Mass Rapid Transit stations currently serve the town, which are on the North South line and Thomson–East Coast line. They are:
Lentor MRT station is located along Lentor Drive, near the junction between Ang Mo Kio Avenue 4 and Yio Chu Kang Road within the Tagore subzone. Mayflower MRT station is located along Ang Mo Kio Avenue 4, within the Kebun Baru subzone. The two stations were scheduled to be opened in 2020, but instead opened on 28 August 2021 due to the COVID-19 pandemic. The line runs parallel to the North South line towards Woodlands and the city centre as well as offering direct connections to the eastern parts of Singapore.
In addition, the future Teck Ghee station on the Cross Island MRT line will serve the town alongside the existing stations on the North South line and Thomson–East Coast line. The station will be located underneath Ang Mo Kio Avenue 6, between the junctions of Ang Mo Kio Street 31 and Ang Mo Kio Avenue 1 and will open in 2030 instead of 2029 due to the COVID-19 pandemic.
The process of applying for a loan with a licensed money lender in Ang Mo Kio is straightforward. The first step is an initial consultation, during which the lender assesses your financial needs. This consultation helps the lender understand the purpose of the loan and your repayment capacity. Next, you will need to provide necessary documents such as identification, proof of income, and any other relevant paperwork. These documents are crucial for the lender to evaluate your application.
Ang Mo Kio, a bustling residential area in Singapore, provides numerous financial services for its residents. Licensed money lenders play a crucial role among these services, offering quick and accessible loans to individuals and businesses. This article examines the specifics of licensed money lenders in Ang Mo Kio, exploring their benefits, application processes, regulatory frameworks, and more.
A licensed money lender is a business authorized by the Ministry of Law in Singapore to provide loans to individuals and businesses. They must adhere to strict regulations to ensure fair lending practices.
The amount you can borrow depends on your income and the lender�s assessment. Generally, it ranges from a few hundred to several thousand dollars.
Loan approval time varies but typically ranges from a few hours to a few days, depending on the lender and the complexity of your application.