Key Takeaways
Walking into a licensed moneylender for the first time feels unfamiliar to most people. You are not sure what to bring, what questions to ask, how long it takes, or what the room looks like when you get there.
This post removes all of that uncertainty. It covers exactly what happens from the moment you exit Tanjong Pagar MRT to the moment you walk out with your loan, step by step, without the ambiguity.
We are centrally located in the heart of the CBD at 1 Tras Link, #01-11 Orchid Hotel, Singapore 078867. Our ground-floor office is designed for easy access and professional discretion.
By MRT (East-West Line): Alight at Tanjong Pagar MRT station (EW15) and take Exit A. Once you exit, walk straight toward Tras Link for approximately 2 minutes. You will find the Orchid Hotel building on your left; our office is conveniently located at unit #01-11. We are strategically positioned just one stop from Outram Park (connecting you to the North-East and Thomson-East Coast Lines) and two stops from City Hall, making us a quick trip from any part of the island.
By Bus: For those traveling by bus, services 80 and 145 stop at Bus Stop B05429 (Bef Craig Rd), which is a mere 1-minute walk from our door.
Commuter Note: If you are traveling from Changi Airport, simply transfer at Tanah Merah to the main East-West Line for a direct journey to Tanjong Pagar. Whether you are coming from Jurong, Pasir Ris, or the heart of the city, our location offers a seamless, transfer-free commute on the Green Line.
Arriving without the right documents is the single most common reason a first visit does not result in same-day disbursement. Bring everything listed below.
Singapore Citizens and PRs:
Foreigners (EP, S Pass, Work Permit):
Private hire vehicle drivers (Grab, Gojek):
Do not bring photocopies. Bring originals. The loan officer will verify documents and return them to you.
Power Credit’s office is a standard shopfront unit on the ground floor of the Orchid Hotel building. It is a professional environment — there is no intimidating process, no waiting in a public queue with your financial situation on display.
Here is the sequence of your visit:
From walking in to walking out: approximately 20 to 30 minutes for a straightforward application.
Understanding what a legitimate process looks like is just as important as knowing what to expect.
A licensed moneylender’s loan officer will never:
If any of these happen, they are not at a licensed moneylender. Walk out and report to the Police (999) or the X-Ah Long hotline (1800-924-5664).
Under the Moneylenders Act, every licensed moneylender in Singapore operates within identical fee caps. Power Credit is no exception.
Simple example:
Borrow SGD 2,000 over 2 months.
Admin fee: SGD 200 (10%) — deducted upfront. You receive SGD 1,800.
Monthly repayment at 4% reducing balance: approximately SGD 1,059.
Total repaid: SGD 2,118.
Total cost of borrowing: SGD 318.
That is the maximum. Power Credit will show you the exact figures for your specific loan before you sign anything.
Question: Is Power Credit the closest licensed moneylender to Tanjong Pagar MRT?
Answer: Power Credit is a 2-minute walk from Tanjong Pagar MRT Exit A, making it one of the closest licensed moneylenders to the station. The office is at 1 Tras Link, #01-11 Orchid Hotel.
Question: Do I need an appointment to visit?
Answer: No appointment is required. Walk-ins are welcome during office hours. Applying online via Singpass MyInfo before your visit speeds up the assessment process.
Question: How long does a first visit take?
Answer: A straightforward application — with complete documents and no outstanding issues — typically takes 20 to 30 minutes from document verification to disbursement.
Question: Can I visit on a Saturday?
Answer: Yes. Power Credit is open Saturday from 11am to 6pm. The office is closed on Sundays and public holidays.
Question: What if I forget a document?
Answer: You can still visit and begin the consultation. However, disbursement will not happen until all required documents are verified. If you are missing income proof, you will need to return with the documents before the loan can be released.
Question: Is there parking near the office?
Answer: Yes. The Orchid Hotel building has parking available. The area is also well-served by public transport, making driving unnecessary for most visitors.
Question: Can I apply online before visiting?
Answer: Yes. Submit your application at xpressloan.com.sg using Singpass MyInfo. The loan officer will contact you the same day to confirm your approved amount. Your in-person visit is then purely for contract signing and disbursement.
The first visit to a licensed moneylender is less complicated than most people expect. The process is structured, regulated, and at a good lender you are genuinely unhurried.
Power Credit has been at the same Tanjong Pagar location since 2007. The walk from Tanjong Pagar MRT Exit A takes 2 minutes. The process takes 20 to 30 minutes. Your documents, your loan terms, and your repayment schedule are all in writing before you sign anything.
If you are ready to apply, start online and let us do the assessment before you walk in.
📍 1 Tras Link, #01-11 Orchid Hotel, Singapore 078867 📞 +65 6443 2940 🕐 Mon–Fri 11am–7pm | Sat 11am–6pm
Apply with Singpass MyInfo — get same-day response, then walk in to collect.
