An awardee of the Pilot Program by the Ministry of Law, Accredit Pte Limited is the new generation of Licensed Money Lender with a sustainable model focused on consumer protection. With branches located island-wide in Singapore, we bring our moneylending services to you.This Loan Portal will allow you to make a same-day-approval loan application, keep track of all your repayment schedules, request for receipts and statements, and chat directly with our loan officers for any enquiries.With a straight-through processing, submit your supporting documents and get an approval almost immediately. Find out if you qualify and save time, effort and money! We promise you the same high quality of service that you have come to expect from us.The minimum period for repayment is 2 months (120 days) and the maximum period for repayment is 60 months.Maximum annual percentage rate is 48%Full loan repayment period is more than 60 daysRepresentative example of the total costs of the loan, including the principal and all applicable fee (eg sample monthly payment, sample interest calculation)The total costs of the loan are governed by the Moneylenders Act 2008.Assume if an individual takes up a loan amount of $1,000 payable in 3 months.Assume if an individual takes up a loan amount of $1,000 payable in 3 months.Loan Principal = $1,000.00 Permitted Fees (under Rule 12)Interest Rate (Monthly) = 3.5%Late Interest Rate (Monthly) = 3.92%Admin Fee 10% = $100.00Late Fee (per Month) = $60.00Repayment allocations will be as follows:=================================================Instalment # | Principal | Interests================================================= 1 | $321.93 | $35.00 2 | $333.20 | $23.73 3 | $344.87 | $12.07=================================================Total | $1000.00 | $70.80=================================================
Accredit Money Lender
