Articles
5 Tips For You To Obtain Low Revenue Funding in Singapore
by Alice T. FinanceWorking in a
foreign country is a scary affair but in today’s globalized world, this is
something you might not be able to avoid. Singapore has over the years emerged
as one of the top work destinations for foreigners from Asia, Europe and
America among other regions.
If you are an
expat in the country, you appreciate that the cost of living is very high and
as such, at times you might find yourself struggling with cash flow issues. As
if living and working in a foreign country isn’t daunting enough, you are faced
with the reality of getting stuck financially. This is where a low income loan Singapore comes into
play.
Benefits of Low Income Loans
These loans are
highly flexible and they are tailored to meet your unique financial needs.
Whether you are faced with a medical emergency or your car has broken down, you
can access quick cash to sort the problem out. Traditional lenders such as
banks will definitely reject loan requests by foreigners and this has made many
of them miss out on opportunities to improve their quality of life.
Low Income loans
are more affordable than using credit cards for major expenses and the fact
that it is custom for expats means it easily repayable. Using a low income loan saves you the agony of
bothering friends and relatives. The loans are now easily accessible through
private online moneylenders who are regulated by the Registry of Moneylenders
(under Singapore's Ministry of Law).
Eligibility for a Singapore Foreigner Loan
This loan is
provided for people who are not nationals or permanent residents in the county.
The financial products are packaged with foreigners’ needs in mind now that the
industry appreciates that they have no other legal options for cash. Many
foreigners have fallen for scams and loan sharks but with new
regulations guiding the money lending sector, things are looking up for expats
in Singapore.
To qualify
for the loan, you have to meet the following conditions:
- Age 21 all
the way to 55 years
- An employment
pass that is valid in Singapore
- Valid
passport
- Proof of full time
employment
- Proof of
billing or residence (e.g. any bills that have your address of residence
printed)
- Provide the
last three months of your computerized pay slip
Our Singapore
foreigner loans are hassle-free and easy to apply for and get approved. We have
highly knowledgeable financial advisors to help you obtain the right loan to
suit your specific needs. Talk to us today and let’s help make your life in
Singapore less stressful.
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About Alice T. 
Finance
0 connections, 0 recommendations, 9 honor points.Joined APSense since, September 28th, 2018, From Singapore, Singapore.
Created on Oct 3rd 2018 04:21. Viewed 183 times.
