Most people think that weddings are one of the most important events of their lives. Not surprisingly, many couples would even choose to take a wedding loan in Singapore just to fund that memorable day. But what if there are ways to have the perfect wedding without spending a fortune or borrowing extra cash from a moneylender in Singapore? If you’re planning for your dream wedding, read on because we have some important tips that will help you save big without looking frugal.
Life can be unpredictable at times and we may find ourselves or our loved ones in an emergency medical situation. It is no secret that medical bills in Singapore can burn a hole in your pocket and because of that, insurance schemes like MediSave and personal plans are very important to have. However, for hefty bills, your MediSave balance may not be enough to sustain you. If you find yourself needing treatment or surgery that your insurance plans do not cover, searching for a large sum of cash can be daunting. In such cases, medical loans can be an option for those who are in need of urgent funds.
Understandably, we all have the desire to purchase an expensive item from time to time, for instance, buying a new car. But not everyone can afford to pay a hefty sum upfront in cash. Most of us will take up a loan which is the most viable option. Before signing on the dotted line, you should bear in mind that you should only borrow what you need, and do not get carried away and fall into the pitfall of over-borrowing. You should take some time to evaluate your options carefully and consider the following factors.
Quite often when you’re in a financial dilemma or crisis, and all doors seem to be closing in on you, you tend to look out for convenient solutions like seeking help from a family member or a close friend. You may think it’s cost-effective and less time-consuming to obtain a loan from them as compared to a licensed moneylender, but taking a loan from a relative or friend can lead to other complications in the long run which may damage your relationship.
Managing a successful business is certainly a challenge for many business owners. It doesn’t matter if you are running a startup, a SME or a large enterprise, there are definitely different challenges that will arise throughout your journey. Apart from doing your due research before starting your business and investing your time and money, we provide some tips that can help you improve your business strategy.
Home renovations has always been an essential aspect of maintaining a home. It can also be used to upgrade the aesthetics and functionality of your living space, making it more welcoming and liveable for you. However, when renovating your home, there are always hidden or obscured renovation costs which may cause you to overshoot your budget.
In Singapore, small and medium-sized enterprises, or SMEs in short, are widely regarded as an essential and critical component of the economy. There are approximately 219,000 SMEs in Singapore, which makes up 99% of all domestic companies and contributes 50% of national Gross Domestic Product, or GDP in short.
Have you ever wanted to buy a new home but do not have enough cash to pay for it due to the fact that you have not received the proceeds from the sale of your old home yet? This is when a bridging loan can come in handy in helping you solve your financial issues.
When running a business, borrowing money may be frowned upon by other business owners as it is perceived as a sign of a struggling business. It may also be perceived as a sign of financial mismanagement in the business, as others may assume that your business is running out of liquid assets or cash.
Have you ever felt overwhelmed by different on-going debts and liabilities and unsure over which ones to pay off first? One good illustration is your credit card bill. Let’s say you have four different credit cards already maxed out and they charge a 20% annual percentage rate. If you were to pay off these credit cards separately, imagine the amount of interest you’ll be paying over a year!