Help & Support, FAQs on Borrowing Money with Lending Bee®
In the comfort of your home or office, from application to obtaining the maximum loan amount and loan tenure, our brand new 3-step flow via our online / mobile application will see you from start to finish. If you are satisfied with the terms, just simply set an appointment at your preferred branch, sign the contract and the money will be passed to you in cash or cheque on the spot.
Alternatively, you can also head down to any of our branches and speak directly to our friendly loan officers, whom you will be able to consult on your loan application.
If you are an entrepreneur, taxi driver or is simply paid based on commission, do not worry. Lending Bee offers loans to you as well. All we need is your last two income tax returns so that we can calculate an average monthly earning amount which will help us determine the loan amount you qualify for.
3 minutes to fill up the loan application form, and our loan officers will get back within the hour.
Leveraging on the latest technology, our professional team will be able to respond that quickly.
For Singaporeans / PRs:
Yes, you can!
While banks often turn away customers with bad credit scores, Lending Bee does not limit any possibility, and we welcome all credit scores to apply.
We evaluate each case individually and will do our best to understand each and every applicant’s situation.
If we find that your current financial situation is something within your means, we are happy to provide a loan to you.
We aim to help our borrowers regardless of their credit scores. This is why we do not have specific restrictions with regards to credit scores.
You can easily apply for a loan here.
You are most definitely not obliged to commit to a loan after making an enquiry. You will complete your loan contract only if you are comfortable with everything.
Please feel free to connect with us via our live chat at the bottom right corner, or call us at 6219 1611.
Once you’ve signed the loan contract, you can receive your money in cash or cheque right on the spot, at any of our 4 outlets across Singapore.
After your loan is approved, we will transfer the money to your bank account or pass you the entire principal amount that you’ve agreed upon on the spot.
(Please be aware that there will be a small administrative fee, which will be deducted from the principal amount)
Next, you just need to ensure to make punctual loan repayments, and that’s it!
Lending Bee has developed our very own mobile app from scratch, made with our valued customers in mind.
With the app:
Check the financial institution’s name against the list of licensed moneylenders created by the Ministry of Law.
If you’re looking for other telltale signs, a licensed money lender is NOT allowed to:
Lending Bee has branches all across Singapore.
You can check your monthly repayment schedule via Lending Bee’s mobile app / online account / via our professional loan officers. You can also request for your statement of account from any of our branches.
You should keep these key points in mind:
Under the advertising rules, which took effect on 1 November 2011, licensed moneylenders are permitted to advertise only through these three channels:
(a) business or consumer directories (in print or online media);
(b) websites belonging to the moneylender; and
(c) advertisements placed within or on the exterior of the moneylender’s business premises.
All other channels are prohibited.
In this regard, the advertising rules can help you differentiate between licensed and unlicensed moneylenders.
If you receive flyers, SMSes, emails or other forms of advertisements which are not permitted under the rules, these would be from either licensed moneylenders operating in violation of the rules, or loansharks. Hence, you are advised not to respond to such advertisements.
Errant licensed moneylenders will be investigated by the Registry and loan sharks will be investigated by the Police.
Yes, you can!
We will always evaluate each case individually and try to understand the applicant’s situation. If we find that your current financial situation has improved, we will still provide a loan to you. Unlike most banks and lending companies, Lending Bee aims to help as many people as possible.
Over the past few years, more and more Singaporeans are taking up two or more loans. Statistics have shown that there was an increase of 78% of borrowers who have at least two mortgages and other loans. Most individuals have a home loan and a study loan. If you require more financial help, you can still apply for a loan.
At Lending Bee, we are always willing and ready to help our customers. However, that does not mean that we will be irresponsible and force clients to take up huge loans that are tough to repay and end up straining their wallets further.
Lending Bee evaluates customers’ situations responsibly and will only loan an amount that is suitable or affordable for the clients.