In need of a money loan in Singapore? Here’s how to go about it smoothly.

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There are various channels one can obtain a loan from, ranging from financial institutions, licensed moneylenders and even via business or partnership agreements, depending on your needs and purpose in borrowing money. 

In this article, we outline some of the things you can look out for to find the perfect money loan in Singapore to suit your needs

Is it worth taking out a payday loan?

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Payday loans are becoming an increasingly popular choice for Singaporeans to cover unforeseen costs and tide them till payday. Synergy Credit offers a simple, fuss-free payday loan in Singapore, and allows you to receive your money on the spot should you meet the criteria and have the necessary documents ready.

Grab loans explained: How to get a loan for the gig economy

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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.

How to enhance your savings instead of leaving them in a bank

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Have you ever considered how a loan from a licensed money lender in Singapore can actually help you make money? If you have been relying on just your savings, it is time to rectify that mistake.

The term ‘savings account’ itself is somewhat of a misnomer. While you are saving your money and stashing it away in a bank account, inflation and other factors are eroding its real-world value. If you aren’t already, it is time for you to not just continue saving but learn how to grow your wealth.

The Connection between Money and Health

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Financial stability and health are two essential things in life that correlate more often than not. It has been proven that having enough disposable income positively impacts your overall health and physical wellness. Stressing over your finances can lead to mental or physical health problems alike, such as chronic stress and depression, especially when it comes to financing medical emergencies. Getting a quick loan from reliable money lenders in Singapore may seem like a temporary solution to combat this, but it does help in covering you financially especially when you are in dire need of financial assistance.

How Much Do I Need to Retire in Singapore?

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Saving for an imminent future can be daunting especially when you do not know what is to come. At some point, everyone will have to retire from their jobs, and having a sum of money set aside is crucial. Especially in an expensive country like Singapore, planning ahead to ensure that your retirement years are comfortable can get complicated. There are various financial responsibilities you have to think about when you plan your retirements such as existing cash loans, your desired lifestyle, and possible health issues. You may be thinking, “So, how much do I need to retire in Singapore?” Unfortunately, there is no universal amount that can be stated for every individual as it varies for everyone. Here is a quick guide to planning your retirement fund to guarantee a protected future.

Should you co-sign Personal Loans?

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Personal loans are a convenient way to bridge financial gaps both in the short term and the long term. Many licensed money lenders approve personal loans in Singapore to applicants with low credit scores if they have a co-signer with a higher rating.

Why a Clementi Licensed Money Lender chose this location

Bird's eye view of residential area of Clementi, Singapore with multistorey apartments, walkways and gardens

Clementi is one of Singapore’s oldest neighbourhoods but continues to see rapid development even today. With an eclectic mix of natural and urban attractions, it is one of the few places in Singapore with something for everyone. That is why Synergy Credit, a Clementi licensed money lender moved here in February 2021.

How to apply for a loan from a licensed money lender in Singapore

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Having to apply for a loan can be daunting, especially if it’s your first time borrowing from a licensed money lender in Singapore. But with the right mindset and financial knowledge, you’ll be able to take up personal loans at ease. Check out the step by step guide below on how to apply for a loan from a licensed money lender in Singapore.