Balestier, well known for its sugar cane plantations and shops filled with sweet and savoury delights, is an area with a taste of history. Balestier Road tells a tale that dates back almost 180 years and has witnessed Singapore’s transformation from a British trading post to a modern city today. It is also where the 1911 Chinese Revolution hatched and where classic Malay films were shot.

Similar to many areas in Singapore, Balestier Road acquired many names as different communities settled in the neighbourhood over the years. The road is named after Joseph Balestier, the first American Consul to Singapore and the owner of a sugar cane estate.

Back in 1904, Balestier Road was also known as “or kio”, which means “black bridge” in Hokkien. It is said that Balestier derived its Hokkien from a dark wooden bridge spanning Sungei Whampoa (Whampoa River) between Ah Hood Road and Toa Payoh, near the Thomson Road end of Balestier in the past.

Today, Singaporeans visit Balestier Road for delicious chicken rice and bak kut teh, and some come to find a wide selection of goods to light up their homes. Balestier has definitely stood the test of time, where coffee was and still is bewed traditionally, where residents and Singaporeans from all walks of life enjoy simple conversations over freshly baked bread and confectionery.

Balestier is indeed a colorful town filled with rich history and residents who have witnessed the growth and development of their estate.

Licensed moneylenders in the heart of Balestier

For residents in Balestier in need of a safe and fuss-free personal or business loan, look no further. At CompareSing, we provide a one-stop moneylending platform for individuals and business owners to compare credit cards, personal and business loans efficiently. You can get access to our extensive network of licensed moneylenders and other financial institutions for your every financial need.

Our loan process is quick and easy. Simply find out about the type of loans you require then fill out a short and simple online application form on our website. Our team of dedicated staff will carefully assess your loan request and reach out to our moneylending partners to address your needs. Our quick turnover ensures that you never have to wait more than a day for our partners to reach out to you.

After you have chosen your preferred moneylender, you would have to schedule an interview with them to assess your financial situation and loan amount. After which you would be able to receive your loan in cash on the spot. It is an efficient way to get a loan especially when you are in need of quick funds.

Things to consider

Before taking out any personal or business loan, it is important to consider your loan amount and your ability to repay it. Although personal loans are unsecured and have generally lower interest rates compared to credit cards, it is ultimately your responsibility to repay it on time. You should only consider taking out a loan for emergencies and repay it on time to avoid it becoming an additional financial liability.

If you are ready to apply for a loan, here are some simple criteria to meet:

  • Be between 18 to 65 years of age
  • Be employed full-time with monthly CPF contribution
  • For Singaporeans and PR:
  • Provide a proof of identity such as your NRIC or passport, and Singpass login credentials to check your monthly CPF contributions and NOA
  • For foreign workers:
  • Provide a proof of employment such as your employment contract, work permit, S Pass or E Pass
  • Provide a proof of residency such as tenancy agreement and utility bills addressed to you as the applicant
  • Provide a proof of income showing your latest 3 months payslips