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Published on: 18 Jan 2017 by jennifertay
If you already live or are planning to move to Singapore, you will know that it is an absolutely beautiful country with a booming economy, but it is also considered to be one of the most expensive places to live in the world. Not having any money can be a very stressful experience, so it is quite a common practice for people to take out a loan from a licensed money lender Singapore.
Licensed money lenders in Singapore are an ideal choice for someone struggling financially for a variety of different reasons. Firstly, being authorised and accredited means that that you can rest assured that you won’t have to worry about anything other than simple (previously agreed) repayments, so you can focus on using the money to make your life easier.
In addition, licensed money lender Singapore nearly always has less stringent credit checks than banks (which require $40,000 annual earnings and a minimum one year working visa), and their rates are often quite acceptable due to the fact that many different lenders are all competing against one another.
The terms and payment length can always be discussed in branch (which is the best place to go if you are serious about the loan rather than online as the rates can vary), so you will know exactly where you stand with any authorised money lender in Singapore. You will have full details of when the repayments will take place, and you will never be asked to leave any documentation (such as a passport or driving licensed) with the money lender as collateral (if a lender tries to do this then they are acting unlawfully and can be reported to the authorities).
If you are looking for a loan to give yourself some breathing room, then it is very likely that a licensed money lender Singapore can help you.