Applying for a loan with a Singapore licensed moneylender

Posted by GeorgeVelvet on August 3rd, 2015

If you are a resident of Singapore, 21 years old and above and are looking for a personal, business or foreigner loan, then you can approach Singapore licensed moneylender for a suitable bailout option. You can be a citizen of Singapore or a foreigner who is working in the country. In either case you are eligible to apply for a loan. Singapore money lenders aim at making the process smooth and uncomplicated for the borrower. As such, the moneylenders will clarify each and every detail about your contract and its legal bindings, so that you are aware of the kind of obligation that you will have to fulfil. You can apply for both secure and unsecure loan, with the effective rate of interest increasing in case of the latter.

Applying for a personal loan with a Singapore money lender
You may require a personal loan for meeting a number of personal and family emergencies and cash crunch. To cover for any kind of financial crisis, getting a loan becomes a mandatory move. A Singapore licensed money lender will be able to help you get one and see if you are satisfying the conditions. Personal loans usually do not require collaterals, and the application and approval process is also simpler. You may need money to pay off debt or meet a sudden health condition or accidents or buy a new home or for any other reasons. There may be enough time or just enough time to take you out of this dire situation. In both cases a moneylender will offer you a customized solution.

Business loans – supporting a start-up or business expansion
As an entrepreneur you may need business loan for either starting a new venture, expanding it, opening a new branch or meet the additional capital requirement in case of budget issues. No matter what the reason is you can discuss the requirement with a Singapore licensed money lender and apply for a business loan. The basic criteria is to submit either your financial records or business plan, depending on the reason you need the loan for. Business may require additional finance for further development, for paying off a debt or to tread towards new avenues. As a resident of this nation, you can apply for a business loan with the help of a Singapore money lender.

Foreigner loans – providing a cushion to foreigners in Singapore
If you are a foreigner in Singapore and you are here to either live, work or study, you may apply for a foreigner loan with banks and lending institutions, in case you need cash. A Singapore money lender will lend you the amount you require, with a higher rate of interest and shorter repayment period in comparison to the loans granted to citizens. This is because the foreigners aren’t able to provide any security for their loan. Singapore licensed money lender also recommends a suitable loan package with a payment and interest scheme that will not add to your financial burden.

So, if you are planning to take the help of a Singapore money lender to support your business or personal financial requirements, get in touch with a good Singapore licensed money lender that has favourable past records.

You can apply for a personal, business or foreigner loan with Singapore money lender who is also a Singapore licensed moneylender.