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Notebook with secured loans and unsecured loans written on the pages
Local Lenders

Secured Loan vs Unsecured Loan In Singapore: Which Is Better?

The concept of taking a loan in Singapore is rather straightforward. It simply means that you are borrowing a certain sum of money from a lender with specific terms and conditions outlined in a contractual agreement. Loans are generally divided into 2 broad categories – secured and unsecured.

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A young woman thinking whether to apply for a personal loan from a private money lender or a bank
Local Lenders

Applying For Personal Loans: Private Money Lender Or Bank?

If you reside in Singapore and you find yourself in a financial crisis, you may end up taking a personal loan from either a bank or a private moneylender. Even though the application process for both avenues is convenient, you need to evaluate which option is suitable in your situation. It is difficult and confusing to decide on the most viable credit option. If you make the wrong choice, it could land you in further debt in the long run. Deciding which way to go can be tough. Read on to find out how to obtain the best personal loan in Singapore, and then make an informed decision.

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Young woman thinking about ways on how to check a licensed money lender’s legitimacy
Local Lenders

9 Ways On How To Check Licensed Money Lender’s Legitimacy

More Singaporeans are turning to licensed moneylenders now as it’s easier to get a loan from them than from a bank -the reason being that a bank loan application is a long, tedious, and time-consuming process as compared to getting a loan from a licensed moneylender. If you want to know more about the differences between private money lenders and banks, check out this article here. This has led to the surge in the number of moneylenders popping up in Singapore over recent years. Even though the moneylending industry has been evolving, there is a fine line differentiating the licensed and unlicensed moneylenders. Here are some crucial factors that you must consider before taking a loan.

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Young woman using laptop and mobile phone to research on personal loan rates and licensed money lenders in Singapore
Loans

Myths About Personal Loan Rates And Money Lenders In Singapore

It is not surprising to find many people taking a sceptical view on a Singapore personal loan or a payday loan from moneylenders.  With fake rumours circling around moneylenders and myths about Singapore personal loan rates skyrocketing overnight, these are enough reasons to stay away from such lenders.

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A borrower in need of personal loan is searching for the best cash loan in Singapore
Local Lenders

4 Things You Should Know To Find The Best Cash Loan In Singapore

A cash loan is a short-term personal loan with a fixed interest rate and repayment period. It is usually unsecured, which means that it is lower risk as the borrower would not need to put up collateral in order to apply for one.

When looking for a cash loan in Singapore, we all know the basics of finding low-interest rates and a reliable licensed moneylender who can meet your financial needs. What else should you look out for? In this article, we will share 4 things every borrower should know to find the best cash loan in Singapore.

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