Efficient and reliable, we help you make progress in life.
As a legal and licensed money lender with the Ministry of Law, Lending Bee’s aim is to provide financial assistance and make loans accessible to everyone in Singapore. We offer personalized financial solutions at affordable rates. All within the shortest time possible.
As a subsidiary of Credit 21 Pte Ltd, we are one of the top licensed moneylenders in Singapore. Out of 156 licensed money lenders, Lending Bee was one of the six selected by MinLaw to pilot alternate business models for money lending. As such, you can be assured that we are a reliable and licensed moneylender with a huge capital backing. Thus, we are able to provide you with a loan to suit your needs quickly.
With inflation and the high costs of living, many of us might experience financial difficulties. You might require additional cash to foot the bills, pay the rent or purchase necessities. To make matters worse, if you already have a bad credit record, it will be even tougher for you to get a loan.
As one of the top legal and licensed moneylenders in Singapore with more than 900 positive customer reviews, Lending Bee licensed money lender Singapore aims to help all our customers financially. Our team comprises experienced and professional financial consultants who are well versed in the moneylending industry. This is why we endeavor to listen and understand our customers’ concerns before suggesting the best financial plan. Rest assured that we do not reject customers with bad credit. This is in line with our goal to provide financial help and tailor a loan to suit everyone.
If you are looking for a fair, reliable, fast and transparent money lender, look no further! Being a subsidiary of Credit 21, we have a strong support and provides loans at lower interest rates. All while strictly adhering to the rules and requirements set by MinLaw.
By constantly reinventing ourselves, Lending Bee licensed money lender updates our knowledge and technology in order to provide the best financial services to all of our clients. To expedite our loan process, we have specially set up our own online loan application. This enables our professional staff to get back to you within hours. As we strive to become one of the best, we have pioneered an app for our clients to access their loan details. From there, they will be able to check on their loan status anytime, anywhere. Ultimately, ensuring that our financial services are fast and convenient is a priority for us.
At Lending Bee, we understand that some financial emergencies require immediate attention. Compared to banks, we have expedited our loan process through the use of our online application form. Therefore, it can be done within 5 minutes! Loans are also approved in principle within an hour or less* by our financial advisors. Furthermore, all customers will also be given a special account, allowing them to check their loan status.
Out of 156 licensed moneylenders in Singapore, Lending Bee is proud to have been given the opportunity by MinLaw to pilot alternate business models for money lending. We adhere strictly to the rules and regulations set by MinLaw. In doing so, we ensure that the entire loan process is fair and transparent. This proves that that we are a licensed moneylender and we provide detailed contracts and receipts for all proceedings.
Borrowing cash from friends and family risk ruining precious relationships. On the other hand, taking a loan from banks might not be feasible due to the long approval time. If you urgently need cash, waiting for banks to reply doesn’t sound appealing at all. In such situations, Lending Bee is here as an alternative avenue of financial help.
If you are already taking multiple loans and have a bad credit rating, fret not! Wish to consolidate all of them into a single loan? As a licensed moneylender with larger financial backing, we offer debt consolidation plans. By consolidating all your loans into one, we help to make repayment clear and easy for you. We provide you with the funding to repay your debts and provide a new financial solution to you. Taking debt consolidation plans from a licensed moneylender will also help to improve your credit score.
Many a time, some licensed moneylenders and banks might reject customers with bad credit. However at Lending Bee, it does not matter if you have a bad credit report. As long as you have a salary or a proof of income, we can design a financial plan for you. Ultimately, we always strive to ensure that our customers get the loan that they seek for.
In the event that you decide to reject our loan, rest assured that there are no penalties involved. You are free to take a loan with us again in the future. Some money lenders may charge a small penalty fee but we do not. We aim to make our loan services comfortable and flexible for our customers.
*Final interest charged and loan application time varies for each applicant.
When applying for your first loan, it is important to look around for a loan that will suit you best. It is important to note that there are different loan options designed for people with different requirements and circumstances. Here are some considerations to ensure that you not only get the best loan from a licensed money lender, but to also make certain that you are applying for a loan under the best terms.
There are different types of loans in the market, so it is important you go for the one that best suits your situation. At Lending Bee licensed money lender, we offer a variety of loans tailored specifically to suit your needs.
These include personal loans, wedding loans, debt consolidation plans, education loans, home loans and business loans, among other things.
Other than interest rates, it is important to consider other applicable fees when taking your first loan. Go through the fine print of your loan agreement to see if there are hidden fees. Be on the lookout for such fees as: (a) administration fees (b) origination fees (c) processing fees (d) appraisal fees (e) early exit/redemption fees (f) early repayment fees (g) insurance fees (h) withdrawal fees (i) underwriting fees (j) credit report fees.
With all these fees in mind, you’ll be glad to know that Lending Bee only charges you an application fee that is 10% of your total loan amount. For recurring customers with good repayment history, this application fee will be lowered to 8% of your total loan amount.
This is an important consideration – you do not want to end up with a loan that you will struggle to repay. Failure to make loan repayments is bad for your credit score, which will ruin your chances of getting future loans.
This is why you should always watch your spending and not overspend. Doing so will result in you having a larger repayment amount, which is something that we all wish to avoid.
Consider the time you have to repay the loan. You do not want to be stuck with a loan for 10 years as this will leave you financially stagnant. At Lending Bee, we have customizable loan tenures of to 36 months. This ensures that you’ll have enough time for repayment, all without putting a strain on your finances.
This is an important yet often overlooked consideration. Consider your current financial situation. While taking a loan might help you financially, do you have the means to make timely repayments?
It would not make sense for you to take a loan only to struggle with repayments thereafter.
Borrow With Confidence.
With Us, You Can.