Credit 21 Moneylender Reviews
Last updated on: June 1, 2014
Credit 21 is a legal moneylender in Singapore and its customer satisfaction ratings are very high, both of which are things to be on the look-out for with a good moneylender. Your personal information will be handled with the highest level of confidentiality, and its interest rates and repayment plans are negotiable to tailor a solution best fitting to your needs.
Credit 21 will call your given contact as reference like your boss or supervisor and tell them that you borrowed but didn't pay back.
The collector is very rude. You will regret visiting them.
i want to complain your company and your management....What fast monthly loan all is lie people,I already loan 5-6 times weekly loan ,than your management promise me one times and one times want to approved monthly loan,but until now still not approved! Big company also do like that...all massage and all recording from management talk to me, i still keep...may be this few day if credit 21 management still not give me the answer,i will go to police station to report...Hope your company will settle this problem and give me the answer.
The staff seemed really friendly over the phone. I waited for an additional 40 minutes beyond my appointment time. I was naive to not have done my homework and so blindly signed the agreement. Cash was received on the same day. They took 10% up front and technically 4% interest on the loan amount. However, the late payment fee is incurred even if pay by the 2nd of the month. The staff explained the monthly payment amount to me. After taking the loan I realized that the amount I was required to pay and the interest did not tally. Payment was fuss free though, bank transfer was allowed. When asked for an extension of a day no replies were given. Borrow at your own risk.
First time I had urgent matters to settle so after much thought and consideration. I went to search online for personal loans companies. I found out about Credit 21. I double checked whether they are really licensed Moneylenders approved by the Singapore government since some companies are blacklisted and later they rename themselves and change locations.
Even though this company is licensed, their debt collectors are rude, threatening and generally behave like ah longs.
This was the first time, I took money from a moneylender. Being new and naive, I approached Credit 21 based on the "good" reviews in internet. I took a 5 installment loan. This is what i have to pay back every month: installment plus interest, plus late payment of $60 every month. The lady in the office mentioned I have to pay late payment fee every month because the loan is actually meant to be paid back in one month but since I cannot pay back in one month they have to charge late fees. I asked is this normal and the lady said yes. The next day, I went to another moneylender in Jurong West. I went to another lender because the amount given was not enough so I took a second, smaller amount. The guy who served me offered me 3 monthly installments. With the second lender this is no late fee, I am only charged a late fee if I miss the deadline.
With this new information, I called the lady at Credit 21 and asked her why the office charging me late fees when the installments are not late. Credit 21 replied, "You signed the agreement and you have so you have to to follow it. This is what our office is charging. If you are not happy you can speak with the boss or pay back the entire sum in one month."
Don't support this company, let them survive by eating their words. I will never recommend Credit 21 to anyone.
Great staff and service, also willing to work on a repayment plan to solve my financial needs. Thank you!
One of the few moneylenders that offer large loans.
I was late for a day with my loan repayment because I had too much work. The next morning I received a call from a guy speaking in a very ah beng-ish tone: "I am calling from Credit 21. Your payment one day late. Got late payment. You do want pay ah?" I was shocked and I asked his name but he just insisted me to pay up with late fee of $60 and he ended the call with "watch out!". I made my payment after that.
The following days, I received harassing phone calls from a guy named Deon who kept pestering me to make payments for my loan. When I told him that I already paid, he said that now the late fees are up to $800. I refused to pay of course. Now I am told by Deon that the interest on the late repayment totals $1200. I lodged a police report with regards to the matter. Now I am wondering whether or not this compay is really a legally licensed moneylender that has agreements with ah longs.
I recommend Credit 21 to all new borrowers for wedding loans. They really give the best interest rates compared to the rest. Check them out for sure! I am off to a wonderful start.