section-image

What is a personal loan?

If you are having bad credit and actively seeking a loan, it is highly likely that your bank has already turned you down. Since the recession, banks have become more stringent when issuing financing and this means many people and businesses are not qualifying for loans. At Katong Credit, we provide one of the most affordable loans for people with bad credit. We are the country’s most trusted name in providing financial services for individuals and businesses that are going through a rough patch.

With the current economic slowdown, things are only getting tougher for consumers. The government has already indicated it expects the current economic slowdown to continue into the New Year meaning the price of loan services from banks will remain high.

section-image

Why Choose Katong Credit?

There are many money lenders in the country but at Katong Credit, we go to extra lengths to ensure you enjoy our services. Here are some of our advantages:

Quick loan processing: Once you provide the required documents, we will approve the loan and disburse the cash to you on the spot after you signed the loan agreement.

Custom loan products: We appreciate everyone has unique financial needs and we package your loan to suit your unique needs. Our loan assistant will discuss your financial situation and provide a tailored loan product that is flexible and easy to repay.

Reputable loan services: We are licensed and our track record speaks for itself. Our customers always return and most of our business comes from referrals.

Get the money you need fast

No hectic process, you can get your money by today!

02 mins

02 mins

To complete the loan application form

03 hours

03 hours

For processing your application

01 day

01 day

To receive your money after signing agreement

FAQ

  • You can contact the Registry at 1800-2255-529 or via e-mail at OneMinLaw@mlaw.gov.sg. Rest assured that the Registry will not disclose your details to the moneylender without your consent. To facilitate the Registry to investigate your complaint, you may need to attend an interview with our officers and provide us with all relevant information and documents related to your loan transactions and circumstances of your dealings with the moneylender. The Registry views complaints against moneylenders seriously and will investigate them thoroughly. Errant moneylenders will be taken to task.
  • If a moneylender has engaged in an unfair practice towards you, you can pursue the matter through the Small Claims Tribunal or the Court under the Consumer Protection (Fair Trading) Act. The Court also has the power to set aside loan transactions that are exorbitant or substantially unfair.
  • Make sure the moneylender delivers to you the correct principal amount of the loan. The moneylender is only permitted an upfront deduction of a loan approval fee of up to 10% of the principal amount.
  • Pay the loan instalments on time to avoid incurring late payment fees and late interest.
  • Make sure the moneylender issues to you a dated and signed receipt every time you repay your loan or pay any fees in cash, and check it for correctness (e.g. name, amount, date).
  • Make sure you receive a statement of account for all your loan(s) at least once every 6 months, and check it for correctness (e.g. name, amount, date); and
  • You should retain all statement of accounts and receipts of payments, as documentation and evidence of payments.

You should ensure that:

  • You understand your responsibilities as a surety;
  • You receive a copy of the Note of Contract at the time that the loan is granted to the borrower;
  • The moneylender has explained the terms in the Note of Contact in a language that you understand; and
  • The moneylender does not keep your NRIC card or any other personal ID documents (e.g. driver’s licence, passport).
  • The moneylender does not acquire any information that contains passwords to your user accounts (e.g. Singpass account, Internet banking account, email account).
chatbox