Take A Finance From A Reputable Loan Lending Institution

If you are a household owner in Singapore, you have most likely been forced to reduce spending due to financial constraints. Even though income levels have been rising in the country, the cost of living has shot through the roof over the years. Singapore is the most expensive city in the world, which means consumers are finding it hard to save enough.

If you are planning a vacation, or probably you want to renovate your home, your savings might not be enough. This is where a Singapore personal loan comes in handy. This loan is designed for both self-employed individuals and salaried employees who have the capacity to service the loan. Like with any financial products, it is important to have all your questions answered in order to make an informed decision. Click here website for more information.

Below are some of the commonly asked questions with answers to help you make the right decision:

1.     What do personal loans entail? This loan product is provided by a financial institution in the country to people with a stable source of income. The loan can be used to meet personal needs and the bank has no control over how you use it.

2.     How much money can be borrowed? In most cases, you can borrow four times the amount of your salary. The repayments are fixed and spread out depending on your ability to pay.

3.    What are the eligibility requirements for a personal loan? You must be 21 years or older, have a source of income and proof of the same and must be a Singapore national or permanent resident (PR). For residents, a copy of NRIC is required while for foreigners, a valid employment permit is needed. Other requirements include Income Tax Assessment Notice for self-employed customers and CPF statements.

4.     Is there any collateral or guarantor needed for unsecured personal loans? You don’t need collateral to qualify for the loan. Your salary serves as the security, hence the need for proof of income.

5.   Why opt for a personal loan over, say, credit card? These loans are flexible and tailored to meet your unique financial needs. More importantly, the loan is more affordable than using a credit card for major purchases. With licensed online lenders now offering licensed services, it is easy to apply and get approval within the same day.

If you are looking for money to fill a cash shortfall, it is time to talk to us and let us prepare the perfect loan package for you. Our loan products are affordable and flexible enough to suit your needs.

Sponsor Ads

• Ad Space Available - Rent it Now!

Report this Page

Created on Oct 1st 2018 03:43. Viewed 409 times.

Share on APSense

Comments