There are different types of loans available to people in Singapore, to meet their financial needs. They are personal loans, payday loans, foreigner loans and bridging loans. Moneylenders Singapore provides all these types of loans, to people who come from all walks of life. Loans are provided to all people who are above the age of 18 years, which is considered as the minimum age to avail loan. People who have a steady income can apply for any of the following types of loans.
Types of Loans
- Personal Loans: these are loans that are provided as unsecured loans. They are usually obtained to make payments such as monthly expenses, medical expenses, meeting marriage expenses, etc. When the borrower is not able to meet emergency expenses, they will not be able to get loan from banks immediately. Moneylenders Singapore come to the rescue of such people and provides personal loans immediately. It is not necessary for the borrower to specify the need for the loan, when they get personal loans from moneylenders Singapore.
- Payday Loans: These are very short-term loans that are unsecured. Such loans are usually repaid by the borrower on the upcoming payday. If the borrower is unable to make the payment on the next month, the interest charged will increase as the interest is charged on the unpaid interest amount too.
- Foreigner Loans: Moneylenders Singapore provides loans to foreigners who are now in Singapore. Such foreigners are provided loans if they have their work permit and have S-Pass. Those who are employment pass holders are also eligible for such foreigner loans.
- Bridging Loans: These are loans that are provided against an agreement between the borrower and the lender. The borrower assures the lender to make repayment after he sells his property. He pays the principal and the interest.