How to Find the Best Foreigner Loan for Yourself

If you are a non citizen who has been worked in Singapore for several years. When you need the money, you know how to get a foreigner loan from  the bank,which is very important to you.

  A foreigner in Singapore is a loan to a non resident. In Singapore, there are many banks that provide foreigner loans t o non residents. Give money to permanent residents or Singaporeans. Banks will consider giving non citizens the money in Singapore is a bigger risk.So it would be a small different from other loans to permanent residents or Singaporeans. The main difference is that the total amount of money must be repaid in the duration and interest rates.

  Under normal circumstances, the bank will require you to repay the debt in a few months, or according to the amount of money you borrowed, or the amount of the bank's loan to determine your next payment quench. When you pay the interest on the loan, the bank will provide a higher loan interest rate for foreigners in Singapore than in other loans.

  When you apply for foreigner loans in Singapore, the borrower or the bank will ask you to provide documents, including payroll, work permit, your ID card and your personal information. In addition, your annual income should be $45000 or more. Of course, you must be at least 18 years old. But you can be allowed to be as high as 4 times, your monthly income is low from $3000 to $60000.

  You may also find it difficult to apply for a foreigner loans in Singapore's banks, because there are many conditions. Well, you can consider a foreigner licensed money lenders in Singapore credit capital center. Compared with the bank. These licensed money lenders are not strict. They can provide a low interest rate loan for non citizens.When you take a foreigner in Singapore loan, you have a better understanding of the situation, the bank or lender, and then select a best suited to your needs and punishment policy