Personal Loan Finder

Apply Personal Loan in Singapore

Personal Loan in Singapore

Staff meeting

A personal loan is a type of loan that does not require collateral. This type of loan is used for personal purposes such as: medical, household or educational expenses. This type of loan is also referred to as a consumer loan and is paid through installments. A consumer loan is a type of loan that heavily depends on the borrower’s creditworthiness. This means that the borrower has to have a good credit history in order to have a higher chance of being approved to receive a loan.

When applying for a personal loan, one must be sure of the credibility and legitimacy of the lender because there are a lot of lenders who try to bleed out borrowers by having high interest rates and fluctuating installment rates. There are also a lot of lenders who are con-artists who aim to take advantage of the borrower. In order to avoid any mishap, a borrower has to be sure that he/she is borrowing from anaccredited institution.

a chance to avail of their loans since credit unions are not-for-profit.

Lenders can be any of the following: banks, credit unions, payday lenders, and credit-building lenders. Out of the following examples, credit unions are the best option when opting for loans. The charge rates of these credit unions are regulated making it unproblematic for the borrower to pay back the loan. Credit unions also give borrowers who have imperfect credit score


It is a must for a borrower to look for a loan that will be beneficial to them whilst being easy to pay. So here are a few tips that can help the borrower apply for the perfect loan:
•    Carefully think about why you need the loan – Some people think that they need a loan, but this is not always the case. If a person avails of a loan without being in desperate need for the loan, it could back-firedrastically on the borrower. A person should avail of a loan if he/she has already thought of what he/she will use the loan for. It is easier to make the decision to apply for a loan if there is a need for it (medical, education, household needs). Applying for a loan without thoroughly thinking about what you need it for can cause the borrower to thoughtlessly spend the loaned money for trivial things.
•    Weigh your options – When interested in applying for a loan, do not limit yourself to banks. There are other institutions that offer loans for rates which are significantly lower than those of a bank.
•    Balance your credit card – Before thinking about applying for a loan, make sure that you can get your credit card as balanced as possible. This means that you should pay-off any as many outstanding balances as you can. This will help the borrower have a good credit score which will then mean that the borrower will have a better chance at successfully receiving a loan.

 

What are you looking for?


Business Loan

Bridging Loan

Personal Loan

Micro Loan

Foreigner Loan

Apply Now

Looking for a Bank?

  • ANZ Bank
  • CIMB Bank
  • CITI Bank
  • DBS Singapore
  • HSBS Singapore
  • MAY Bank
  • OCBC Bank Singapore
  • RHB Bank
  • Standard Chartered Bank
  • UOB Bank

What we do?

Testimonials

Andy Lim
2015-09-08, 06:31
This website helps me find the right moneylender i need. I'm able to get the personal loan in the affordable rates i can afford. Thanks
David
2015-09-03, 07:19
I have found this website from google. This website is really good...tons of informations
Tan
2015-09-02, 03:52
All in one place for loans in Sg

Featured Moneylenders

  • GoldStar Credit Pte Ltd
  • BTB Credit Singapore
  • Gain Credit Singapore
  • G Credit Singapore
  • KST Credit Singapore
  • 96 Credit Loan
  • UK Credit Singapore

Links

Men, aged 23 and 19, arrested for loanshark activities
SINGAPORE - Police have arrested two men, aged 23 and 19, for their suspected... - Read More


Committee formed to review moneylending regulations: MinLaw
The 15-member committee includes representatives from the moneylending industry as well as voluntary welfare organisations. - Read More

MAS clarifies new rules on unsecured lending
The Monetary Authority of Singapore is clarifying how some of the tighter rules... - Read More

Estate agent who referred client to moneylender gets fine reduced
SINGAPORE — A former property agent, who was the first to have been prosecuted for moneylending offences under the... - Read more

 

Popular Articles

We can help you

Info
Provide your requirement

Process
We will help you to find best money lender

Deal
Get the loan

 

Type of Loans