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louiseluo

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01 Aug 2016
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Published on: 08 Dec 2016 by louiselove

What is a foreigner loan in Singapore

Preface

Singapore is a multicultural country that many foreigners settled down here came from their motherland. And there are many advantages for foreigners to live in Singapore. Singapore is a prosperous and fast-paced city just like in other advanced cities around the world, hence live in here could be expensive, and these may cause the living in Singapore may drain your savings quickly too. This is particularly true for foreigners. What’s worse, foreigners will find it difficult to collect money to solve any foreseen or unexpected costs from banks. If you are a foreigner settling, studying and working in Singapore and are remaining less cash or savings, you might think of where you can borrow or anyone from whom you can borrow to help you overcome the tough tight period.  

 

Why is it difficult for foreigners

It is hard to take a loan from bank if your are a foreigner in Singapore. First of all, because of the fact that you are a foreigner, the bank will take a long time to approve a loan as the procedure for application and approval is very strict and they may checks your background over and over again. Besides, the bank's interest rate of foreigner loan in Singapore is much higher than standard interest rates. This is because most of the foreigners do not have any property in Singapore which can be used as a mortgage. So it is a bigger risk when lending to foreigners than to the local applicants.

 

Simple and easy solution to financial problems

Do not give up or leave Singapore. This is not the time to get frustration and desperation. It is time to seek for the best practical solution for your money issues-foreigner loan. Foreigner loan in Singapore is an easy approach for foreigners obtaining fast money in Singapore, and it is designed to offer foreigners with money they desired in the instant time probably. And its application process has made so simple that you only need to fill out an application online and then waiting the approval. The form is very simple, you only need to write down the loan amount you need, your name, NRIC/FIN, email, contact No., and your monthly income.


Specific steps to apply

Just like the contents, you need to fill up in the application mentioned above, once you finish the filling, checking again and choose to submit button to upload your application form, next you only need to wait for the fast reply. And the most important thing is to provide your right valid bank account. As you know if you apply successfully, the money will go to your account, you can check if arrive or not.

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finance

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