JR Credit Pte Ltd

Best Licensed Money Lender in Singapore


Students visit moneylenders. If you need money from a moneylender, it’s okay. Students use them for these reasons.

Late grants

The Higher Education Grant (HEG), National Student Financial Aid Scheme (NSFAS), and Graduation Fee Waiver Scheme (GFWS) are three types of grants. The HEG is awarded based on financial need, while NSFAS considers academic performance and personal circumstances. The GFWS is only available to students from poor families.

Nothing to sell

Why do students need moneylenders? School, books, and food cost money. They have no other means to receive these goods, which they believe they should have. Many students resort to moneylenders because they are under a lot of stress. If you or your parents must borrow from a moneylender to pay off obligations due now or shortly after graduation, what do we recommend? Alternatives to bank and credit card loans exist. Selling jewelry or an outdated phone, which may not be worth much, might help pay off loan interest before graduation.

No credit history.

No credit history, no score. Banks won’t lend to you without a credit score. Without bank loans, students would find it tougher to pay for school and living costs. Some students skip the waiting game and receive an education loan from a moneylender who doesn’t care about their past.

Not enough time to apply for financial aid.

Understanding what documentation and timelines are needed is also crucial. Understand the procedure, how to fill out the documents, and how much money you will earn. Most crucial, apply for financial assistance early so it may be processed before your college or institution begins courses. If you don’t have time to complete these processes due to job, family, or other responsibilities, a moneylender may be an excellent option.

Not comfortable talking about money.

Money is a sensitive subject. Financial discussions are difficult, particularly with strangers. Discussing your finances, debt, and ability to pay payments may be unpleasant and uncomfortable. It’s embarrassing to speak about money and finances since it’s so personal. If someone asks, “How much do you make?” or “What sort of automobile do you drive?” they may feel evaluated based on those statistics. Even though it has nothing to do with assessing them, people worry about being evaluated by their looks, vehicle, home, and CV title.

I don’t know any alternatives to the moneylender.

Like these pupils, you may not know your other possibilities. Student loans are expensive, yet most students need them. If you don’t pay off your student debt regularly, interest will balloon it! It implies paying more each month than when you borrowed the money. Even after paying them off, they’ll cost you every time someone checks your credit score or wants to give you money (like getting an apartment).


We’ve hopefully made it clear that there are better alternatives to using a payday loan company. You must determine what they are and how to get them; yet, you must not allow your frantic thinking be clouded by it.