Ways to Consider the Private Money Lender in Singapore

private money lender in Singapore
11 Sep

Ways to Consider the Private Money Lender in Singapore

Introduction

Singapore is one of the top financial centers in the world, it provides a broad range of banking products and services including personal loans.These loans are meant to help people in Singapore to meet their financial needs.They have attractive interest rates o their customers and they enjoy flexible repayment tenures.other than private money lender in Singapore that provide the personal loan in Singapore other than banks and financial institutions in the country.

There are different types of loans which are available from the private money lender, CreditExcel which include:

 

Term loans

They are traditional investment products that offer customers with the money needed and to be paid back with an applicable interest with a specified term. There must be a contract signed.they are commonly led by the traditional institutions in the country.

 

Loans against credit cards

The credit card issuers provide their customers with instant cash against the available credit card.the loan is applied and processed with a short time.

 

Personal line of credit

In this case, the customer s expected to make monthly payment so that they can get more money.the customers are able to access the money on monthly basis.

 

Overdraft protection

The customer Is able to withdraw the money they have in the account and also an additional amount which is regarded a loan.this overdraft is paid back through equated monthly installments.The top banks that provide personal loans in Singapore include:OCBC Bank,UOB,DBS Bank,HSBC Singapore

 

How to apply for the loan?

If you are an adult with a steady income and a good credit score, you can approach any of the banks in the country and apply for a personal loan. You can either visit any of their branches or contact their customer support team. Some of them will also offer you with the option of applying for the loan online on their website.

 

Amount of loan given

The amount offered will depend on your annual income, credit history and overall profile as a borrower. You can expect to borrow a higher amount if you have a high annual income along with a lucrative credit score.