There are many kinds of personal loans in Singapore, but what specific loan should you be looking for if you are urgently in need of cash? The fastest and easiest way to get your hands on quick cash is to apply for an instant loan from reliable money lenders in Singapore. For first-timers, you might be wondering is an instant loan really that instant? Just how fast can you get your money to meet your financial needs? Let’s find out!
How does an instant loan work?
An instant loan is a type of personal loan that allows you to utilise it for any personal use. It is an unsecured loan that does not require an asset as collateral for repayment and comes with a short processing time. An instant loan is ideal for people with urgent financial needs such as home repairs, medical emergencies, and so on. You can use an instant loan for just about anything, really.
For example, unlike a home renovation loan, an instant loan allows you to use the loan for renovation-related expenses such as paying your contractor and even buying furniture. You would not be restricted to paying your contractor directly and would be able to use the loan for other necessities.
Are you wondering just how quick an instant loan really is? Well, as the name suggests – it is instant! Reliable money lenders in Singapore usually provide an online and in-person application platform where they would be able to quickly access your application and eligibility. When you apply for a loan, the processing time is usually much shorter and you would be able to receive your cash within the same day.
How much can you borrow from an instant loan?
When you apply for a loan, you should always deal with licensed and reliable money lenders in Singapore. Financial institutions such as banks and licensed money lenders provide safe and accessible loans for your needs. Banks, however, usually have a longer processing time and it can take up to a week for your application to be approved. On the other hand, licensed money lenders typically provide same-day approvals and the whole loan process can be as fast as 20 minutes.
Your loan amount would depend on several factors such as your monthly income, credit score, and any existing debt. A licensed money lender would provide shorter-term loans with competitive interest rates to suit your needs. Fret not if you are a normal income earner in need of an personal loan. Synergy Credit also considers income in various forms such as pensions, alimonies, insurance payments, and so on.
A reliable moneylender near me in the West
Synergy Credit is a licensed money lender in Singapore made up of a team of close-knit and professional financial experts who are both kind and understanding. For Westies looking for a reliable money lender in Clementi, Synergy Credit is here to help. We started off in a small office in Bukit Timah with just two loan officers but have since grown to a bigger team with expanded premises in Clementi.
We aim to provide our clients a better and more effective loan experience by integrating FinTech solutions to process every loan and use MyInfo’s unified login to accelerate the approval process. As a result, you would be able to get your loans from us faster than ever.
Synergy Credit is built on a strong philosophy and commitment to providing fast, safe and accessible loans to our clients. We offer faster and higher loan processing rates, a flexible repayment schedule of up to 12 months, and low-interest rates starting from just 2.27% a month, subject to approval. With our simple application process, you can expect to receive your instant loan in as fast as 20 minutes on the same day.
In need of an instant loan for your financial needs? Look no further and apply for a loan with Synergy Credit today.