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A consumer searching on laptop for the best cash loan or personal 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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best moneylenders offering low interest personal loans in 2021 in singapore
Local Lenders

Is it possible to obtain a low interest personal loan in 2021?

Personal loans are basically multi-functional unsecured funds that can be used for literally anything ranging from medical bills, education, wedding expenses, vacation and the list goes on. Sometimes you need help to reach your goals in life and taking a low interest rate personal loan from an licensed money lender may just be the solution. Do bear in mind that money lenders will look at your monthly income source, credit score and some might even look further into your debt to income ratio.

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young woman choosing between a private moneylender and a bank to borrow a personal loan
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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woman thinking of how to identify a licensed moneylender in singapore
Local Lenders

Tell-Tale Signs of a Licensed Moneylender in Singapore

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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