Finding the right licensed money lender in Singapore can seem like a hassle, especially when you are unsure if what’s advertised is credible or whether or not you are looking at a legitimate website online. Trust is a key element to have when it comes to borrowing funds, so you first need to do some thorough research before picking a trustworthy money lender. If you’re looking for reliable money lenders in Singapore, take a look at these five essential qualities they should possess.
Debt consolidation is a process that allows you to combine all the different debts you owe under one easy-to-manage loan. This means you only have to make one consolidated monthly payment each month instead of paying several other lenders and creditors. Debt consolidation is ideal for people who are struggling to make their monthly payments on time, or for those who are struggling to pay off their debt due to little disposable income.
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.
Thinking of taking out a personal loan or a payday loan? Read on as we outline some of the key points to know before taking a loan, and read till the end to find out where you can get the top 5 cheapest loans in Singapore.
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.
It is an unfortunate reality that the most vulnerable people in society get the fewest opportunities. Whether you want a personal loan with a normal income, are disabled, or lack formal education, it seems that few doors will open to you. Fortunately, some licensed money lenders in Singapore are working to change the status quo.