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Starting a business is not easy. You will need a lot of money to cover startup costs in Singapore, and it takes time to find funding or working capital loan for your business. It is estimated that the average start-up requires $600,000.

If you don’t have enough money to start your own business, there are ways to borrow money from friends and family or even take up a business loan from financial institutions such as Synergy Credit. Other ways include crowdfunding and even leveraging on your credit card!

Grab loans, having only surfaced in the market late last year, may be one of the options you consider when you are looking to take on a loan. The Grab platform, which started out providing ride-hailing services, has now evolved to undertake banking services since it obtained its first digital bank license in December 2020.

Occasionally, you are faced with an unexpected crisis – perhaps you need to settle an expensive hospital bill, or you lack the cash to pay your rent. When you consider taking financial loans from the bank, you’ll have to be prepared for a long and tedious process to get your money. This is when people turn to quick loans in Singapore. Here are some of the types of financial loans available when you need cash fast.

Many people who take a loan from licensed moneylenders have a very vague idea about the money lending industry. In this post, we will explain the requirements and rules for obtaining a money lending license in Singapore and how you can check if your lender is licensed.

The decision to apply for a personal loan is not an easy one for most people. Whether you are applying for your first loan or your tenth, it pays to be informed about the relevant fees and charges.