Choose the best type of loan for your needs!

Jessie Bromberg By Jessie Bromberg, 7th May 2014 | Follow this author | RSS Feed
Posted in Wikinut>Money>Loans

With a wide variety of loans and cash options available, one should select a loan that fits right into their requirements to avoid surmounting rate of interest and avail customized facilities.

Various Types of Loans:

Fast Cash, personal loan, property loans, medical loans, foreigners’ loans, private loans, home loans, auto financing- a variety of loans are available with moneylenders today. But that shouldn’t result in confusion. Make sure that you select a loan that not just fits right into your requirement, but also ensures that you don’t have to pay a higher rate of interest. Choose the best type of loan for your needs by referring to this list of loans offered by several money lending companies in Singapore.

Payday loans

Also known as cash advances, these kinds of loans are usually short-term unsecured loans offered during the times of need. Suppose you have some sort of emergency and cannot get another loan urgently. Then, a payday loan is what comes to the rescue. These loans also referred to as advances, can be availed before the salary check. Generally, these loans are offered at a higher rate of interest, so make sure that you always manage to pay them on time. Ideally, the loans are paid on ‘payday,’ the day when the loan applicant receives his/her salary.

Foreigners Loan

If you need to pay the rent urgently or you are short on finances, then Foreigners’’ loans are your way to go. These loans are usually offered by most money lending companies in Singapore, but should only be availed from licensed moneylender offering swifter responses for online application. This ensures that you get the loan immediately.

Student Loans

Are you a student in Singapore? Do you wish to study in the best universities around the world, but scared that you or your family cannot support it? Well, you don’t have to worry about it anymore. Although fast cash in Singapore is quite popular, but students’ loans are also available for funding studies! These loans can be availed immediately and easily repaid once you start earning and saving.

Property Loans

Buying a property in Singapore can burn a hole in your pocket, but now you can easily finance your property purchases by opting for property loans. These loans are usually offered at an average range of interest, depending upon your credit score. Research well and opt for an organization offering minimum range of interest. Property can also be kept as mortgage for these loans.

Personal Loans

Need loans for a specific reason, which isn't covered by any of the other loans above? If yes, then Personal loans are what you need. These are unsecured loans that are offered for a limited period. Most people tend to borrow personal loans during financial crunches or while purchasing a product or service which isn't necessarily loaned for.
So, make sure that when you are opting for a loan, you go for one that offers complete benefits, ensuring that your requirements are met without making a hole in your pockets with high interest rates.


Fast Cash, Fast Cash In Singapore, Payday Loan

Meet the author

author avatar Jessie Bromberg
After graduating in economics from National University of Singapore in late 70's, I "Jessie Bromberg" chose to work for banking and finance in Singapore only. After working with various banks, financi

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