How much you can borrow?
|Borrower’s annual income||Singapore Citizens and Permanent Residents||Foreigners residing in Singapore|
|Less than $10,000||$3,000||$500|
|At least $10,000 and less than $20,000||$3,000|
|At least $20,000||6 times monthly income||6 times monthly income|
- Personal & Business Loans
- Credit & Payday Loan
- Wedding Loans
- Debt Consolidation Loan
- Fast Cash Loan, Short Term Loan, Online and more!
- Business Loan
- Cash Loan
We offer personal and business loans to help you tide over a period or need of urgent credit or cash. Find out more about the types of personal and business loans we have.
As these urgent financial obligations cannot wait till the month’s end when your salary comes in, a payday loan can be the financial relief you need for managing your finances. We also offer flexible repayment plans for your peace of mind.
Finance your wedding banquet, bridal package, wedding rings, dowry and honeymoon easily. Low interest rates and flexible repayment plans available.
Enjoy low interest rates and flexible loan tenure when you consolidate your loans with us. Speak to our financial advisors to see how you can benefit from our debt consolidation loans and calculate your potential savings.
We have other types of loans that serve many purposes from those who are in need of fast cash, Short Term Repayment period and also our Online Loan application service to keep you safe.
Businesses nowadays are closing down left right and centre. In this increasingly corporate world it is becoming even Businesswoman with Briefcaseqharder to compete for all companies, and it becomes even harder to compete when you have absolutely no financial backing behind your company. Many companies decide to plough on through and hope for the best, but to be perfectly honest, this won’t work. Perhaps one of the best solutions if you want to keep your company afloat, or generating money, is to take out a business loan.
Almost all budding entrepreneurs have at some point or another found that they need to gather capital either to pay their bills, or to carry out expansion of their company. This was simple in the past, you could just hop off to a bank and ask for a loan. However, due to the global economic crisis, banks are incredibly reluctant to lend. This is part of the reason why many companies are failing, they simply cannot obtain the credit they need to keep going, or to expand their company to generate even more profit.
The main reason companies use Business Loans is to help keep afloat in the short term. There are plenty of companies out there who know they can survive if they got through the next couple of months. They know they have invoices to be paid, but they aren’t due yet, and therefore they cannot pay their suppliers. A business loan enables the company to pay off any outstanding money that they owe, this reduces the chances of the company ‘failing’, and all the business needs to do is remember to pay back the loan!
As a business owner, you have probably made ‘bad’ decisions for your company which has ended up causing a substantial loss. A business loan enables you to pick up the pieces and dive back into your business again, and hopefully this time you can succeed with a different idea. Without a business loan there is a good chance that you could simply be left without a business, certainly not something that you want right?
As mentioned previously, the business world is expanding at a rapid pace. Your competitors will constantly be trying to get ‘one up’ on you in order to steal some of your companies turnover. It’s fair to say, if you aren’t moving forward in the business world, you are moving backwards. Another of the reasons why people take out business loans is to help them expand their operations which will allow them to generate more profit. For example, companies could buy new machinery, or develop a brand new website designed to pull in some customers. You may even just want to run a particularly hefty advertising campaign. All you need to do is take out a business loan!
There are two types of business loan, and the one you choose will depend on the circumstances that you are in.
The first type of loan is a secured business loan. This means that the money you borrow is secured against your property. Generally you will be able to borrow much more money in these circumstances, and the interest rates are much lower. However, if you fail to pay back your loan you can end up losing your property.
The second type of business loan is an ‘unsecured’ business loan. You don’t place any collateral upfront, which does mean that the interest rate is going to be higher. You will also be able to borrow less money and have a shorter repayment term. The benefit of this loan however is that they are incredibly quick to apply for, in fact, all it will take is an online application form.
If you own a company, then don’t forget about the idea of a business loan. You may be going through success at the moment, but you never know what is lying around the corner. If you do have a bit of trouble at your company right now, then a business loan is just what you need to get your company back on its feet and generating money again.
There are a number of benefits to these types of loans, but there are also some important things you should consider before you get one. Below is a brief introduction to the cash loan industry and how you might be able to utilize this type of thing.
Introduction to a Cash Loan
For many different things, such as restaurants or stores, cash is either a requirement to a cheaper option. Companies do not always like to pay for processing fees to large companies so they prefer to take cash if you have it available. For this reason you can consider getting a cash loan that will help you to pay for these types of things.
Nonetheless, this type of loan of cash is also used as an expression for the payday loan industry. There are many benefits of getting these types of loans. First of all, it is much quicker than getting different types of loans from a bank or other institution. Also, there are fewer checks into your financial history that might be a red flag and not allow them to offer you a loan.
These benefits make a cash loan a good option for people who really need some fast money to tide them over.
Benefits and Drawbacks for Cash Loans
There are many different benefits and a few drawbacks for cash loans that you should remember before you get one. First, you will be able to get the money quickly and painlessly as mentioned previously. This will help you out in a number of situations, but it is just more convenient as well. For times when you really need money in order to pay the bills or get out of a poor situation, the cash loan is always a good choice. It may not be easy to make, but it is better than what might happen if you don’t have the money.
If you are preparing to get a cash loan, you should also take into consideration one very important thing. Even though the money is far more convenient and the checks are more lenient, the interest rates might be a bit higher. In many cases the lenders have to recuperate their losses from people that never pay or declare bankruptcy with higher interest rates from people who actually do have to pay them back. This might not be such a great situation to be in, however it should be a function of the market value not necessarily based on anything else.
If you need money quickly then search for a cash loan. Even if you have to pay a bit of extra money for this type of thing, you will still benefit overall.
A Legal Way to Attain a Personal Loan in Singapore
You can be assured that you get what you signed up for when you avail of our personal loans. As a licensed money lender in Singapore, we are heavily regulated and monitored by The Ministry of Law and certified by the Registry of Moneylender.
Unlike illegal moneylenders, we make sure that we practice professionalism and integrity in our business transactions. This applies in our debt collection methods, clear and well-explained contracts, and standard interest rate.
We make sure to verify the identity and credit history of our clients. However, those having problems with their credit history can still get a loan. By doing business with us, you get legal financial assistance fast without having to deal with too much paperwork or unnecessary risks.