singapore mercantile co operative society limited

mortgage broker — Marine Parade · Singapore

About singapore mercantile co operative society limited

Singapore Mercantile Co-operative Society is a co-operative society at 86 Marine Parade Central, #03-216, in Marine Parade, a short walk from Parkway Parade. It was registered in 1926 and is regulated by the Registry of Co-operative Societies. It is open to employees of commercial firms in Singapore, and it offers savings schemes, with regular savings from as little as $10 a month (as at 2026). It also gives loans at reasonable interest to members, mainly for medical, education and renovation costs, and grants for hospitalisation and funerals. Customers' reviews are mostly negative. Several say that a member who leaves the society can have their money held for a year, and that they were not told this when they signed up. Others say the dividends are small. One says they could not get their full savings back immediately on leaving. Within a kilometre there is one other mortgage broker on Open Locally, Moomoo Store at Parkway Parade, which has fewer reviews.