Archive for June, 2017

Advantages of choosing money lenders in Singapore

Thursday, June 8th, 2017

There are times when countries run short of money and ask other countries for help. This is not only because of budgetary crisis but sometimes war can also result in such a condition. Earlier people used to spend tons of money in war. War not only included manual power but also many weapons are used. Money was needed in the manufacturing of these weapons. This is when countries who have enough money lend it to countries which are deficient of it. It brings a bond between both countries and a friendly treaty is signed thus standing by them whenever they need any help. These countries which help other countries by lending money are called as money lenders. They do not usually follow specific guidelines on lending. There are many advantages of Singapore Money lenders. The best part to start with is that they are authorized to provide loans. They provide flexibility for loan approval and repayment unlike banks which are stringent with financial issues and constraints. They do not check the borrower’s credit history and are concerned about their present situation to repay the loan. Once the licensed money lenders are chosen, they make sure they follow the laws of Singapore and do not have the opportunity to harass anyone. The best part is that, money lenders in Singapore do not require a high-income level for granting a loan. Regardless of what is done on the professional front, borrowers can still request for a loan amount.

Services they offer

As far the documentation is concerned, they only require the basic information of the person to which the money is lend. This paperwork includes NRIC card, income tax statements, CPF statement etc. they can be easily gathered and sent to the lender. Once this documentation is done, lenders like
JEFFLEE CREDIT – Singapore Licensed Moneylender can loan the amount immediately. Some money lenders even provide same-day loan approval or spot cash.

Popular lenders in Singapore

The Lender organizations are required to compute and disclose the effective interest rate of the loan, prior to the loan being granted. Currently the maximum interest rate that is charged is 4% in Hsx Credit – Reputable Singapore Licensed money lender, which is one popular lender in Singapore. They have right packages personalized for the specific needs, be it for education, business, personal or payday loans. The lenders make the request process effortless and are the low interest licensed money lender in Singapore. It is also one such money lender who makes the process of application smooth enough with no hassles.