5 Money Lenders in Yishun To Consider For Your Next Loan

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5 Money Lenders in Yishun To Consider For Your Next Loan

A team of loan officers having a fruitful internal discussion
A team of loan officers having a fruitful internal discussion

There are many different parts of Singapore that are overflowing with legal money lenders. But even if they’re licensed, reliable, and affordable, convenience is still one important factor that customers value the most. Especially with loans, one would want quick access to cash and sound financial advice.

If it just so happens that you’re residing in the Northern region of Singapore, Yishun is one of the best towns to consider with the abundance of licensed lenders located here. Below, we’ve compiled a list of the five licensed money lenders in Yishun you can consider borrowing from!

The Moneylending Situation in Yishun

Yishun made the headlines a number of years ago as one of the regions in Singapore where crime was most prevalent. Among the most rampant illegal activities was loansharking. One of the chief reasons for that statistic was the lack of competent legal money lenders in Yishun at that time.

Since then, legitimate, licensed lenders have extended its wide range of services to the local population, offering an attractive combination of low rates and generous terms. They are especially considerate of clients who may be struggling financially due to an irregular employment record. Licensed lenders in the area like R2D Credit are actively working to rebuild the local community and its reputation.

List of Licensed Lenders in Yishun

    1. R2D Credit Pte. Ltd. (Highest number of 5 stars reviews in Yishun)
      Address: Blk 744, Yishun Street 72, #01-185, Singapore 760744 (1 min walk from Yishun MRT)
      Tel: 6635 1596
      Website: r2dcredit.com
    2. Accredit Pte. Ltd. (Yishun Branch)
      Address: Blk 743, Yishun Ave 5, #01-548, Singapore 760743
      Tel: 6219 2662
      Website: accreditloan.com
    3. Fast Money Pte. Ltd. (Yishun Branch)
      Address: Blk 101, Yishun Ave 5, #01-35, Singapore 760101
      Tel: 6224 4746
      Website: fastmoney.com.sg
    4. Gain Credit Pte. Ltd.
      Address: Blk 807, Yishun Ring Rd, #01-4197, Singapore 760807
      Tel: 6438 0113
      Website: gaincredit.com.sg
    5. Lending Bee Pte. Ltd. (Yishun Branch)
      Address: Blk 925, Yishun Central 1, #01-233, Singapore 760925
      Tel: 6235 8327
      Website: lendingbee.com.sg

On the other hand, if you’re looking for a licensed lender located in other parts of Singapore, here is a complete list of legal lenders for your consideration.

Recent incidents

A report from 2018 noted that there were 232 individual reports made to police about illegal money lending activities in Yishun North alone. The bulk of this comprised intimidation and harassment pertaining to outstanding debt. These were the highest figures in all of Singapore.

In late 2020, the police broke up a mid-sized illegal betting operation in Yishun. In April 2021, a pan-island operation against illegal betting resulted in seizures of cash in excess of $1.2 million from several homes across Singapore, including one in Yishun.

Precautionary measures

Illegal money lenders operate in a way that sometimes makes it difficult to distinguish them from legal lenders. Look out for these signs of an illegal loan provider:

  • Advertises on chat apps such as WhatsApp
  • Has no physical office
  • Offers loans without you asking
  • Demands pre-payment of ‘GST’ and processing fees
  • Approves a loan without a face-to-face meeting

There are many benefits to borrowing from money lenders, but only if you’re engaging a licensed lender when you’re truly in need of a loan. One such legal lender for your consideration is R2D Credit.

We strongly advise everyone against approaching illegal money lenders. Our flexible policies cater to borrowers who have limited financial options after being turned away by banks due to bad credit scores or those in the lower income group who cannot qualify for bank loans.

R2D Credit can extend the loan you need swiftly, but within a safe and reasonable legal framework. Our strict adherence to the law gives you the safety of government protections, reasonable interest rates, ethical repayment schedules, and complete privacy. We also offer a plethora of loans for any financial need, from Personal Loans, Payday loans and Wedding Loans to Medical Loans and Business Loans.

Apply with us today

Disclaimer

The information provided on our website is for educational and informational purposes only and is not intended to be a substitute for legal or financial advice. While we try to ensure that information on this website is accurate, we do not warrant that the information will be free from error. We shall not be liable for any loss or damage that may arise from the use of this website.

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