It may come as a surprise. But Singaporeans do not get personal loans simply because they want cash. For individuals who are terrified of a loan, need not worry. Many young Singaporeans feel the same way too. Most Singaporeans are brought up in a society. This is where most learned that it is bad to
There are licensed moneylenders and illegal moneylenders. Licensed moneylenders though are different. They will almost function like banking institution does. They normally offer personal loans to individuals with urgent needs. And when the repayment is overdue, they handle it differently. They will not take unkind actions like harassment their borrower. They instead, will send them
For someone who needs to borrow money. There is good news. You have many options for obtaining money. The bad news is not all these options are perfect. Choosing the wrong lender might land you in more debt. Below are the differences between them: Who can Lend You Money There are 4 types of organizations
Moneylenders often offer smaller loans. The legal limit is to loan 2- 4 times of a borrower’s monthly wages. This depends on the borrower’s annual income. However, most lenders won’t offer them the entire sum. These lenders help you to overcome a short-term monetary shortfall. Thus you’ll not get a loan to buy a new
Debt consolidation makes repayment a lot easier, but it is not the best solution for everyone. Since the interests grow faster than you are able to repay the outstanding balance. It is hard repaying overdue credit card debts, not to mention several. When your debts get over 12 times what you earn each month, having
Debts are a usual part of the regular Singaporean’s life. Here are a number of ways for you to tell whether your debts are spinning out of control. For the regular Singaporean, having debt is an inevitable thing in life. Most Singaporeans at least have taken a home loan. However, when you find yourself struggling
When you are short on cash and you require a certain amount to help you cope for a short period, taking a personal loan could prove to be helpful. In Singapore, you have several ways of accessing a personal loan. This can range from using credit cards for a temporary line of credit, licensed moneylenders
Singaporeans are more open to the ever-growing lending industry with the increasing need for quick cash loans. The tight competition has compelled instant cash loan providers to create innovative solutions and products that cater to the growing market. Moneylenders look at these needs and thereafter come up with loan products that can serve their clients.