Fortune Credit Pte Ltd is a licensed and reputable moneylender of Licence No. 49/2019 and operates in Singapore. We provide financing solutions, which are custom-made to meet the client’s financial needs. Fortune Credit provides convenient and fast cash solutions to individuals who meet the set requirements.
Since Fortune Credit is a licensed lender, the Ministry of Law in Singapore regulates our operations. In addition, we make sure that we follow the Rules and Moneylenders Act when it comes to the repayment plans and interest rates we offer.
Be assured that Fortune Credit Pte Ltd will provide you with the most transparent loan service, which is fair and convenient. Our team offers excellent customer service and will readily provide an answer to your questions.
FORTUNE CREDIT LOAN APPLICATION
Applying a loan is easy, just fill up our online application form and we will call you to arrange for an appointment to process the loan.
NO HASSLE PERSONAL LOANS
Immediate approval of loan, and loan process will take only less than an hour!
There are many reasons why Fortune Credit is the right choice for those who are looking to take out quick cash
Fast Loan Processing
Easy Qualification Requirements
Maintain Your Relationships
Our Fast Cash Loan Options
We offer customized loans packages and flexible monthly loan installments that will work into your budget.
Simply click here to apply a loan online and you won’t be disappointed.
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Frequently asked question
Are licensed money lender open on Sunday?
Yes, as a licensed money lender, we open on Sunday from 11am to 5pm.
What is the licensed money lender interest rate in Singapore?
From 1 October 2015 onward, the maximum interest rate that money lenders can charge is 4 % per month. Despite how much the borrower is earning, this cap will eventually apply for the secured or unsecured loan. If the borrower fails to payback the loan on time, he/she will require to pay the moneylender loan interest at a max 4% per month.
The calculation of interest charged on the loan is based on the remaining amount of principal after deduction the total payments for the principal, which was made by or on behalf of the borrower.
Example, if A takes a loan of $10,000, and A has repaid $4,000, the remaining of $6,000, can only be taken into account for the calculation of interest.
The money lender can not charge amount of loan that are not yet due. Example, if A takes a $10,000 loan and does not pay $2,000 for its first installment, the loan may charge $2,000 for a late interest, but not the $8,000 for the remaining, because it is still not due yet.
How are installment loans calculated?
Monthly Installment Loans are calculated based on the amount of principal that you loan for, with the interest rate per annum that the moneylender offered, and repay back by the number of months that you committed.
Example : Amount of loan is $10000, the interest rate is 4% per annum, and the number of repayment month that you choose is 24 months, so monthly installment that you need to repay is $450 per month.
How to get instant online loan in Singapore?
You can fill in the required contact details on our website, and our loan specialist will get in touch with you.
How to get loans guaranteed approval with bad credit?
Here are some tips you can try out when you need to get a loan with bad credit:
- Try loaning for a small amount
Start applying for a small amount of loan and do not miss any repayments for it. By borrowing a small loan is a chance to to rebuild your credit. Until your credit score is alright for the banks or moneylenders to let you borrow a large amount.
- Do Some Debt Restructuring
Moneylenders are more flexible when it comes to restructuring loans if borrowers can prove they are unable to pay the loans regularly. They could reduce the interest rate, extend the loan tenure or even offer other solutions that will make it easier.
- Look at other fund sources
There are a lot of non-banking financial institutions in Singapore you can approach which are licensed by the Monetary Authority of Singapore. These institutions will also look into your credit history before they approve your loan, they may have different guidelines on who to approve and who not to approve. They can even offer other loan programs that would work for you.
Licensed moneylenders are meticulous as to which applications they approve because they rely on high-risk and high-reward loans.
You can still apply for loan with moneylenders, but before you sign with them, make sure you are well aware of their terms and conditions, repayment schedules and if there are clauses where you can seek debt reconstruction should you have problems. Ask the moneylenders if it is ok to think about it first before you sign up with them.