Information on Finding Licensed Money Lender in Singapore
Posted by sora on August 9th, 2017
Money loan is asset based financing system. If your real estate deal has good value and there is good ROI then private money lender will look forward to financing your deal. For this, it is essential for you to have clear deal. Licensed moneylender Singapore are easy to find if you have a good deal then whatever may be your credit score. Such lenders are considerable option against traditional lenders because they offer loan on the basis of deal and not on the basis of your past credit score. Definitely the rate of interest charged by them is high but it can be worth if you have good real estate investment deal.
Ask for such loan only when you are getting into short term project. Such loans are not for long term investment, so first be clear with your investment plan before starting research work. Once you have your plan ready then you can go online to do proper research work. Online source can make it easy for you to know the lenders available in market who can meet your requirements.
licensed moneylender Singapore are not just good for asset-based loan but are also good at offering financial solution to arrears in mortgage or foreclosure proceedings, etc. It is not necessary that every lender you get in touch with will follow same or similar kind of lending policies. While carrying out research work it is very important to inquire about the qualifying criteria. Generally such loan is qualified on the basis of value of collateralized real estate property.
The interest rate charged by the lender mainly depends on money credit available in market and real estate market. It is generally not dependent on bank rate. Keep this factor in mind while your search for licensed moneylender Singapore so that you can easily judge whether the interest rate charged by the lender is appropriate or not. Such lending solutions involve a high amount of risk and so the interest rate charged is also considered to be high.
Money loans are generally expensive when compared to traditional loans but at the same time they are considered as good option for borrower with bad credit score. In Singapore if you want to invest in property that has good ROI then don't waste time in accomplishing legal process of loan with traditional lender. Select private money lender who can guide you through each and every step related to loan application process.
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Joined: June 29th, 2016
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