Lending Bee – Licensed Money Lender in Singapore

Lending Bee licensed money lender in Singapore has four branch locations available, one of which is within Orchard (Far East Plaza), at 14 Scotts Road.

Established in 2005, the company, a subsidiary of Credit 21 Pte Ltd, is a licensed money lender committed to making a difference in the ways in which people access credit, providing a digitalized lending process whereby cost is kept to a minimum – so that you can enjoy the best possible rates.

Credit solutions available include personal loans, business loans, life stage financing, travelling financing, education financing, medical financing, wedding loans, bridging loans, as well as debt consolidation.

Lending Bee Yishun.

Yishun.

There are three steps in the loan process. First, you fill out an online credit application form that takes only 3 minutes. Then, a money lender consultant will contact you to confirm the loan at one of the branches. Finally, you receive the money in cash or cheque on the spot.

Lending Bee Locations & Opening Hours – Licensed Money Lender in Singapore

Bedok North
Blk 205 Bedok North Street 1, #01-379
Singapore 460205
Opening Hours: Monday-Saturday 11am-8pm
lendingbee.com.sg

Jurong East
Block 135 Jurong Gateway Road, #01-333
Singapore 600135
Opening Hours: Monday-Saturday 11am-8pm, Sunday 10am-7pm

Orchard (Far East Plaza)
14 Scotts Road, #02-44/45, Far East Plaza
Singapore 228213
Opening Hours: Monday-Saturday 11am-8pm, Sunday 10am-7pm

Yishun
Blk 925 Yishun Central 1, #01-233
Singapore 760925
Opening Hours: Monday-Saturday 11am-8pm

Before applying for a loan from the licensed money lender in Singapore, you should study the company’s official website for details about the loan details.

These details include the maximum applicable interest rate, cost of borrowing, rules of late repayment, applicable fees, and more.

FAQs About the Licensed Money Lender

In the world of financial solutions, having questions is natural, and Lending Bee is there to provide the answers you seek.

As a licensed and legal moneylender with the Ministry of Law, the company stands out as a trustworthy financial partner, offering loans to meet your personal and corporate investment needs. Below is a breakdown of the frequently asked questions to help you better understand the services.

1. Why Choose Lending Bee

The company is among the select few, chosen by the Ministry of Law, to pilot alternate business models for money lending. This distinction reflects a commitment to meticulous paperwork, robust procedures, and substantial capital backing. For borrowers, this translates into fast approvals and peace of mind.

2. Range of Credit Solutions

Unlike many other licensed moneylenders, Lending Bee offers a wide variety of loans, ensuring that you can find one that precisely suits your needs. From personal to corporate financial solutions, the company strives to be your one-stop financial partner.

3. Customer-Centric Approach

With over 1,500 positive customer reviews, the company prides itself on efficient and professional loan officers. Whether you’re a first-time borrower or a returning customer, expect patience and thorough explanations to ensure a complete understanding of your loan terms and conditions.

4. Comfortable Repayment Schedules

To reduce the risk of late payment fees, Lending Bee provides customers with comfortable repayment schedules. The innovative mobile app, heavily invested in by the company, enables convenient loan applications, status checks, and instant retrieval of account statements.

5. What Documentation is Needed?

For Singaporeans and PRs, you’ll need proof of identity (NRIC, passport) and proof of income (CPF/bank statements). Foreigners require additional documentation like work permits, proof of residence, and payslips/bank statements.

6. Can I Apply with Bad Credit?

Lending Bee welcomes all credit scores and evaluates each case individually. Unlike traditional banks, the financial company does not limit possibilities based on credit scores and aims to help borrowers regardless of their financial history.

7. What Should I Consider Before Applying?

Before applying for a loan, it’s essential to understand all terms and conditions, assess your financial capacity, and be aware of late payment fees and interest charges. Lending Bee emphasizes transparency, providing loan contracts in a language you understand.

8. How Quickly Can I Receive the Money?

Once your loan is approved, the company ensures a quick transfer to your bank account or immediate disbursement at any of their four outlets across Singapore. A small administrative fee is deducted from the principal amount.

9. Lending Bee Mobile App

The company’s mobile app streamlines the borrowing experience. It facilitates easy loan applications, quick access to results, status checks, and a host of features like budget calculators, loan vouchers, and rewards.

10. Spotting Licensed Money Lenders

Lending Bee advises customers to verify the licensed moneylender’s name against the Ministry of Law’s list. Additionally, beware of unscrupulous practices; licensed moneylenders should not use text messages for loan sign-ups or approve loans remotely without a face-to-face meeting.