Private Money Lender In Singapore: R2D Credit

Established

Secure

Confidential

Fast loans with a personal touch

How are we different from other licensed money lenders?

Our aim as a private licensed money lender in Singapore is not just to help you today with your cash needs; we want to use our knowledge to help you become debt-free as soon as you can. We offer flexible repayment plans with customisable payment due dates so you can adjust your payments according to a timeline that works best for you.

We also have a fast approval process, even for customers with a bad credit history. We do not judge and we do not discriminate, and that is why our customers love us.

To learn more about our company, read About Us.

CONTACT US TODAY

Highest reviewed licensed money lender in Yishun

5.0Based on 1868 reviews

Established in 2009

2631 borrowers to date

$21,248,602.33 loaned

Certified in Prevention of Money Laundering and Financing of Terrorism,
Money Lender Operations & Compliance Training (By Credit Association of Singapore)

Simple loan application process

Our simple 5-step loan application process takes less than 20 minutes to complete:

Step 1:

First, fill up the loan enquiry form online.

Step 2:

Our loan officer will contact you and schedule an appointment with you at our office.

Step 3:

At our office, we will conduct a simple interview with you and a quick credit history check. Remember to bring down the relevant documents.

Step 4:

Our loan officer will explain the loan contract to you and ensure you understand every part of the contract when the loan is approved. You will need to sign the contract after.

Step 5:

The loan amount is disbursed according to your convenience – it can be via cash or direct transfer (PayNow).

Interest rates and other fees

Our loan interest rates are capped at 4% per month.

Borrowers who are unable to pay on time may incur other fees as well. We charge a maximum of 4% interest on late payments (only on the amount overdue, not the entire outstanding amount) as well as late fees which are capped at $60 per month of late repayment.

Our processing fees range between 8% and 10% of the loan principal.

Frequently Asked Questions

What are the benefits I can get if I have a good credit history and/or am a regular customer?

We understand that repayment can be difficult and we reward clients who fulfil their responsibilities faithfully.

They can expect a range of perks* that may include:

Loan principal – Eligibility to borrow larger sums of money.
Loan term – A longer repayment term.
Interest rates – Lower interest rates; pro-rated interest for early settlement.
Fees – Lower processing fees
Late charges – Grace period to avoid late charges
Processing time – Accelerated approval process, including instant approval; priority queue system for regular customers
Due date – Choice of most convenient instalment due date
Payment reminders – Never miss a payment with our payment due reminders
Convenient hours – Extended opening hours for your convenience
Special offers – Payday loans at 0% interest
Free documentation – Complimentary Statement of Account (SOA)
Personalised service – A dedicated loan specialist for single point of contact; regular customers in deep debt can get a customised loan scheme and financial advice on debt management

*T&Cs apply

What are the benefits I can get if I have a good credit history and/or am a regular customer?

We understand that repayment can be difficult and we reward clients who fulfil their responsibilities faithfully.

They can expect a range of perks* that may include:

Loan principal – Eligibility to borrow larger sums of money.
Loan term – A longer repayment term.
Interest rates – Lower interest rates; pro-rated interest for early settlement.
Fees – Lower processing fees
Late charges – Grace period to avoid late charges
Processing time – Accelerated approval process, including instant approval; priority queue system for regular customers
Due date – Choice of most convenient instalment due date
Payment reminders – Never miss a payment with our payment due reminders
Convenient hours – Extended opening hours for your convenience
Special offers – Payday loans at 0% interest
Free documentation – Complimentary Statement of Account (SOA)
Personalised service – A dedicated loan specialist for single point of contact; regular customers in deep debt can get a customised loan scheme and financial advice on debt management

*T&Cs apply

What is your loan eligibility criteria?

Applicants must satisfy the following criteria:

18 years or older
Currently employed
Stable income
Furnish proper ID (NRIC/FIN/Passport)
Provide financial information (Payslips, CPF, IRAS)

What are R2D's team qualifications and certifications?

As a legal money lender, R2D places an extraordinary focus on having the most qualified and most professional staff. Our team includes loan professionals with PhD qualifications.

We are an accredited member of Credit Association of Singapore (CAS) and have received the organisation's certifications in PMFT (Prevention of Money Laundering and Financing of Terrorism), Money Lender Operations & Compliance Training.

More than that, our friendly and professional team has an incredible amount of collective experience. Together with our clients, we have endured the confusion and distress of the Covid pandemic. The result? We have come out stronger and better prepared, and today we are one of the highest-rated private money lenders operating in Singapore.