Cash Loan Singapore

lendingonline loans

FOUNDING YEAR: 2012
LOCATION: Singapore
Last Update: 01/05/2020

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MEDICI Analysis

Cash Loan Singapore was established to provide an affordable loan for Singaporeans and expats in Singapore. The company provides unsecured personal loans and works on relationship-based approach. It is brand of 96BM Credit Pte Ltd.

Focus

PRODUCTS & SERVICES

The platform offers online loans to individuals. It has identified expats in Singapore as a focus area, due to the complicated process they are normally subject to for taking loans. The interest rates charged by the platform are capped by the regulations. The regulations also cap the type and amount of fees for late repayment of a loan.

REVENUE MODEL

96 Credit is a licenced money lender in Singapore, offering online loans to individuals including expats. It offers both secured and unsecured loans. The company stands out from other companies by making customer education an integral part of its website. The website warns consumers from falling into a loan trap; and educates them about the benefits of exploring other options before taking up a personal loan, and repaying it at the earliest. It explains how saving regularly can help avoid taking an emergency loan. The website emphasises on how the borrower should evaluate various options, both in terms of credit products and in terms of lenders.

MAIN CLIENTS

Individuals

EXISTING PARTNERSHIPS

Avrist General Insurance

Mandiri e-cash

Assosiasi Pedagang Pasar

BMT Absindo

Safe Logistics

POS Indonesia

D cost Seafood

PT Meta Dentechs

Pefindo

Orori

company provided insights

People

company provided insights

Momentum

FUNDED

NO

LISTED

NO

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