Skip to content

LATEST MONEY LENDER NEWS Want To Retire Early. How Much Investment Will Be Enough?

LATEST MONEY LENDER NEWS Want To Retire Early. How Much Investment Will Be Enough?

It may not be advisable to go for another home loan. Total income of your family is Rs. 1.75 lakh. As a rule of thumb, you need to pay Rs. 1,000 in EMIs against every Rs. 1 lakh of loan. For example, for a loan of Rs. 1 crore, your EMI should be around Rs. 1 lakh. Now, if your combined income is about Rs. 1.75 lakh a month, banks would be happy to finance up to a level of half of your salary. So, in your case, they would allow EMIs of about Rs. 90,000, which means loans up to Rs. 90 lakh. All loans put together – be it home loan, car loan or personal loan – you should aim at total EMIs of about half of your monthly income. You should not be in a hurry to repay your existing home loan as it provides certain tax benefits. Besides, home loans should be continued for as long as possible. Also because property as an asset class grows somewhere around 12-15 per cent a year, which is higher than around 8.5 per cent interest paid on home loans. Use the interest and profits earned from savings in the form of bank fixed deposits or equity mutual funds to prepay your existing loans.

I am 36 years old. My salary is Rs. 30,000 a month and I have set a few financial goals, such as Rs. 50 lakh for child’s education in ten years from now, Rs. 1 crore for child’s marriage in 15 years and retirement in 24 years. I have taken a term insurance policy of Rs. 70 lakh and health insurance of Rs. 10 lakh. Which mutual funds should I invest in to meet my financial goals?

 

You do not have earnings yet to support the financial goals you have set. You should look at investing the maximum part of your earnings into SIPs. Also, you may need to consider loan funding and expand the timeframe you have currently set for these targets. In order to create a corpus of Rs. 50 lakh in the next 10 years, one needs to invest about Rs. 20,000 in equity mutual funds via SIP route. In order to save as much through a fixed deposit or a recurring deposit, one will be required to invest about Rs. 40,000-45,000 per month. Equity mutual funds should be the preferred route here as it has the potential to meet such a target. For the second goal of child’s marriage, you need to save about Rs. 17,000 a month to expect a return of 14 per cent. For accumulating sufficient money for retirement, which in this case is 24 years away, you need to save and invest about Rs. 10,000 a month in largecap funds. Therefore, you need to look at total investments of around Rs. 47,000 a month in order to meet all your financial goals.

I can spare Rs. 10,000 a month for investment in mutual funds. What are my investment options, especially in this asset class?

Starting as early as possible is always the best thing to do when it comes to investments. When you want to invest in mutual funds, you should look at dividing your budget in three parts: 40 per cent in large cap funds, 40 per cent in midcap funds and 20 per cent in sectoral funds. So in this case, keep about Rs. 4,000 in one or two largecap funds or schemes, another Rs. 4,000 in midcap schemes and Rs. 2,000 in sectoral schemes, e.g. pharma, IT etc. Diversifying your portfolio is important. At this rate, by the time you are 40-45 years old, you will have many options including setting up of own business and early retirement. Portfolios in this case can be reviewed at least once every two years.

Singapore Moneylender Tips For Getting Your Bank Loan Approved

Singapore Moneylender Tips For Getting Your Bank Loan Approved

Getting a bank loan approved is not the easiest process. In light of recent economic troubles across the nation, money lenders are looking for a lot more in a loan applicant and are more strict. While there are several key areas lenders will be focusing on, it is important that you are ready to present the perfect, complete package for review if you hope to get approved.

Here are 5 important steps you need to follow to ensure you bank loan can be processed without problems:

1. Understand your preferences

Before heading to your bank, check out loan packages online and see what competitors are offering. You need to be aware of what kind of loan you are looking for, the terms you can reasonably afford, and your goal for paying off the loan as fast as possible. If you are looking for a specific type of loan (auto, mortgage, personal) make sure you find the best deal for you. There may be many loan offers arriving in your mailbox, but check out the fine print before going further.

2. Ask questions

When you find the loan package you are most interested in, contact the bank directly to find out upfront what the requirements are for loan eligibility. You may need to make an appointment in person to discuss the necessary materials, documents, and timelines you will need to get started on the approval process. Banks have different requirements and it will be important to know what they are upfront so you can be prepared.

3. Know your limitations

If you are pursuing a loan, you should already be aware of your credit history and current score. The bank should tell you the range of credit scores required for loan approval. Plan ahead and request a copy of your history and score several weeks prior to your application. Review your credit history for accuracy and give yourself time to correct any errors in your history report. Moneylenders today will rely heavily on your past usage of credit. If there are mistakes on your report, you may end up with a lower score which can hurt your chances of loan approval. Consider your financial limitations when planning for a loan. Apply for the loan based on your financial ability to make repayments you can afford.

4. Create a checklist

Based on the information from the bank, it’s wise to create a checklist of the appropriate documentation needed for the loan application. It can take some time to secure the documents you need from creditors, your employer, and other financial resources. Incomplete applications can be cause for loan denial.

5. Have the right expectations

Again, applying for a loan when you’re in a hurry is never a good idea. Loan officers have a certain protocol for approving a loan and getting you the money. During the process, make sure to discuss the sequence of events so you’ll have an idea of when to expect an answer. While some loans can be pre-approved upfront, the specifics may not be known until a few weeks have passed. Ask the loan officers for advice on following up. Your goal will be to secure a loan you have the means to repay. You may also need to outline the reasoning behind the loan. If it’s a personal loan, the moneylender might want to know how you plan to use the cash, for example, you may need it for home improvements or debt reduction. The loan process can be a frustrating one and if the loan you applied for is not approved, the lender may provide the specific reasoning behind the denial. It can be dangerous to your credit to continually apply for just any loan you think you may be able to get. Too many loan applications can ruin your credit and obliterate your chances of securing one in the near future.

LATEST MONEY LENDER NEWS 5 TIPS TO TAKING UP PERSONAL LOAN IN SINGAPORE

LATEST MONEY LENDER NEWS 5 TIPS TO TAKING UP PERSONAL LOAN IN SINGAPORE

Personal loans can be a great way to solve cash flow problems. They can help you consolidate your debt, pay bills or help you out of an unexpected financial bind. You can even use a personal loan to fund a new business venture. Personal loans are great for many purposes as long as you do not use the money for frivolous things you really cannot afford. Additionally, any time you take on new debt, you should understand what you are getting into. Here are ten important things you should know that will help you find a great deal on a personal loan.

Know your FICO Scores

 

A large part of what determines whether or not you are approved for a loan and how high the interest rate is depends on your credit report. A lender will typically pull credit reports from Experian, Equifax and TransUnion and compare your credit score from all three. If you know your scores before you apply for the loan, then you can get a ballpark idea of what interest rate percentage you should be eligible for.

 

Check Your Reports

While you are looking at your FICO scores, check your credit report for errors. All too often people end up with lower scores than they should because of errors on their credit report. If you can find and correct these errors before you apply for a loan, then you will greatly improve your chances of getting favorable loan terms. It can take up to 30 days for the bureaus to resolve these errors, so you should pull your reports as early as you can.

 

Shop Around

 

Different lenders have underwriting guidelines, so not all their offers will be the same. Fill out an application at a website like www.sg-money.com.sg personal loans or even SGmoney.sg and they will submit your application to different vendors. Applying online is faster than going to multiple banks and online lenders tend to have higher approval levels and better loan terms. You are not obligated to accept any offers once you fill out the application, but is a nice, quick way to make comparisons.

 

Know the Fees

 

Almost all personal loans have fees besides principle and interest. Examine all your loan offers carefully and look for “hidden” fees. Sometimes a lender may charge a lower interest rate, but charge higher fees to make up the difference. In these cases, you want to make sure you know the total cost of the loan so that you can compare apples to apples. What looks like a good offer on the surface could be loaded with fees.

Figure Out What You Can Afford

 

The longer you have a loan out, the more interest you pay. Before you even apply for a loan, you should know how much of a monthly payment you can reasonably afford. If you do not already have one, set-up a budget to figure out how much you can pay each month. Once you have determined your monthly amount, try to get a loan agreement that allows you to pay back the loan as fast as you can without going over your budget.

 

Repayment Penalties

 

Lenders lose interest if you repay the loan early. Some lenders will include penalty fees for paying off the loan early. Your best bet, if possible, is always to get a loan with no early repayment penalties. The exception to this rule is cases where you know you can pay the loan back early and the fees for repaying the loan will save you more money in interest payments than you have to pay in fees.

 

Type of Interest Rate

There are two types of interest rates, variable and fixed. Fixed interest rates tend to be higher, by comparison, when you take the loan out, but your monthly loan payment will always remain the same. Variable interest rates may be low when you take out the loan, but as the interest rates changes so do your loan payments. On the surface, a variable interest rate may seem attractive, but a fixed interest rate is your safest bet.

 

Loan Insurance

 

Payment protection insurance is also known credit protection insurance, loan repayment insurance, or other similar names. It is any type of insurance that pays on your loan if you cannot make the payments for some reason. Some people consider it a valuable investment; others consider it a waste of money. If you do decide to purchase loan insurance, shop around for different quotes. Do not assume the money lender offers the best price.

 

Unsecured vs. Secured Personal Loans

 

Unsecured personal loans tend to come with a higher interest rate because the lender is taking a bigger risk. If you have any assets that you can use as collateral to secure the loan, you will most likely get a better interest rate. The downside to this is that if you default on the loan, you are putting your personal assets at risk. This is another reason it is important to be certain you can afford the loan payments.

 

Have Your Documents Ready

 

A startling number of loans are rejected every day simply because the applicant did not provide all the required financial documentation. Even worse, the loan underwriter may charge you a higher interest rate because he or she did not know your complete financial picture. Be sure to gather important paperwork like tax forms, checking account statements, deeds, title and everything else that the lender requires. Do not submit an incomplete application.

 

Applying for a personal loan can be a little bit stressful, but getting a loan can be a huge help when you need it. Even though you may feel like you are at the lender’s mercy, you really are not. You are the consumer and if a moneylender wants your business bad enough then that lender will work with you to come up with a good loan deal. Just be wary of lenders who use high-pressure sales techniques. Be certain to base your borrowing decision on facts that make good financial sense and not on a sales pitch.

LATEST MONEY LENDER SINGAPORE NEWS 5 Tips For Getting Your Bank Loan Approved

LATEST MONEY LENDER SINGAPORE NEWS 5 Tips For Getting Your Bank Loan Approved

Getting a bank loan approved is not the easiest process. In light of recent economic troubles across the nation, moneylenders are looking for a lot more in a loan applicant and are more strict. While there are several key areas lenders will be focusing on, it is important that you are ready to present the perfect, complete package for review if you hope to get approved.

Here are 5 important steps you need to follow to ensure you bank loan can be processed without problems:

1. Understand your preferences

Before heading to your bank, check out loan packages online and see what competitors are offering. You need to be aware of what kind of loan you are looking for, the terms you can reasonably afford, and your goal for paying off the loan as fast as possible. If you are looking for a specific type of loan (auto, mortgage, personal) make sure you find the best deal for you. There may be many loan offers arriving in your mailbox, but check out the fine print before going further.

2. Ask questions

When you find the loan package you are most interested in, contact the bank directly to find out upfront what the requirements are for loan eligibility. You may need to make an appointment in person to discuss the necessary materials, documents, and timelines you will need to get started on the approval process. Banks have different requirements and it will be important to know what they are upfront so you can be prepared.

3. Know your limitations

If you are pursuing a loan, you should already be aware of your credit history and current score. The bank should tell you the range of credit scores required for loan approval. Plan ahead and request a copy of your history and score several weeks prior to your application. Review your credit history for accuracy and give yourself time to correct any errors in your history report. Lenders today will rely heavily on your past usage of credit. If there are mistakes on your report, you may end up with a lower score which can hurt your chances of loan approval. Consider your financial limitations when planning for a loan. Apply for the loan based on your financial ability to make repayments you can afford.

4. Create a checklist

Based on the information from the bank, it’s wise to create a checklist of the appropriate documentation needed for the loan application. It can take some time to secure the documents you need from creditors, your employer, and other financial resources. Incomplete applications can be cause for loan denial.

5. Have the right expectations

Again, applying for a loan when you’re in a hurry is never a good idea. Loan officers have a certain protocol for approving a loan and getting you the money. During the process, make sure to discuss the sequence of events so you’ll have an idea of when to expect an answer. While some loans can be pre-approved upfront, the specifics may not be known until a few weeks have passed. Ask the loan officers for advice on following up. Your goal will be to secure a loan you have the means to repay. You may also need to outline the reasoning behind the loan. If it’s a personal loan, the lender might want to know how you plan to use the cash, for example, you may need it for home improvements or debt reduction. The loan process can be a frustrating one and if the loan you applied for is not approved, the lender may provide the specific reasoning behind the denial. It can be dangerous to your credit to continually apply for just any loan you think you may be able to get. Too many loan applications can ruin your credit and obliterate your chances of securing one in the near future.

LATEST MONEY LENDER NEWS 10 trusty tips in applying for a personal loan in 2017

LATEST MONEY LENDER NEWS 10 trusty tips in applying for a personal loan in 2017

Personal loans are an avenue to explore if you are looking to get your hands on money to meet various needs.

Considering that these loans are extended for a defined term, consumers also like the enforced discipline of paying off the loan within a set time frame.

Here are 10 tips for 2017 for those considering personal loans.

1. Make sure a personal loan offers you the best deal

Consumers use personal loans for different purposes.

For instance, you could use them to consolidate your credit card debt, for home improvement purposes, to invest in your business or simply to take a vacation.

Check if there are other types of loans that could serve your needs better. For instance, you could take out a home equity loan or line of credit.

Considering that home equity loans are secured by your home, whereas personal loans are not secured loans, your interest rate is likely to be more favorable when you tap into home equity.

2. Choose the right lender

Financing sources that offer personal loans include banks, credit unions and online money lenders.

Each of these offers a range of interest rates, and their terms vary. That’s why you should shop around and find a money lender whose loan best fits your needs.

For instance, Perc Pineda, senior economist with the Credit Union National Association, points out that for a $5,000, 2-year personal loan, the average rate is 9.54% at credit unions compared with 9.93% at banks.

3. Be careful with credit card consolidation

Taking out a personal loan to pay off credit card debt on more than 1 card and consolidating the payments is one of the most popular uses of personal loans.

If this is your motivation for taking out a personal loan, be careful not to defeat the purpose by racking up fresh credit card debt once you pay off the old cards and have access to fresh credit.

4. Read the fine print

Be sure to ask for a full disclosure of all the loan terms and read the fine print. There are differences in the terms offered by different lenders.

See if the monthly payment and repayment terms work for you. There also could be fees for late payments.

The lender is looking to generate a steady stream of interest payments from you over the term of the loan, so there could also be a prepayment fee, or penalty for paying off your loan early.

Looking for a personal loan? Check out www.SGmoney.com.sg for the best deals.

5. Make sure your credit score is accurate

Your credit score could make for a significant difference in the interest rate you’re offered on your personal loan, irrespective of the overall direction of interest rates.

For instance, you could pay as much as 20% or higher with bad credit, while you could snag a much better 8% rate with good credit.

That’s why you should make sure that your credit score is accurate and continue to be responsible in your use of credit. Also, some personal loan moneylenders will report only the payments you miss to credit bureaus, so you could ask your lender to report your on-time payments to bolster your credit profile.

6. Watch out for origination fees

While some lenders seem to offer lower interest rates, you might find that they also tack on an origination fee that effectively hikes your interest rate. Thus, you could be better off with a lender that offers a higher rate than others but doesn’t add on any origination fees.

7. Don’t take on more than you can afford

Before you apply for a personal loan, gauge your financial situation and how much you can comfortably take on.

Some lenders will look to ply you with more than you can handle. That means you might end up biting off more than you can chew and fall into a debt trap.

8. Be careful about allowing automatic withdrawals

Some online lenders offer borrowers incentives to provide access to their bank accounts for automatic withdrawals of their monthly payments.

In fact, they could set up the personal loan terms as such, and you would have to opt out of the arrangement. For instance, you might find that you will have to pay a fee if you prefer to pay by check. If you provide access to your bank account, though, you might find yourself out of money when you need it.

9. What if you encounter difficulties with repayments?

Find out what your options are in case you run into difficulties making your payments. Is there any potential to modify the terms of the loan?

Also, is the lender open only to arbitration if any differences arise? Or can you go through the court system?

10. Fixed rate or variable rate?

Should you opt for a variable or fixed rate on your personal loan?

Typically, you will start off with a lower rate on a variable-rate loan, but you also will be taking on interest rate risk.

As interest rates rise, your variable rate also will rise, so your monthly payments will be higher.

With a fixed rate, your payments will remain the same for the term of the loan regardless of interest rate movements.

 

 

 

LATEST MONEY LENDER SINGAPORE NEWS Top tips for managing personal loans

LATEST MONEY LENDER SINGAPORE NEWS Top tips for managing personal loans

Feb 16, 2017

Personal loans

Personal loans can be used to pay for all kinds of things – weddings, renovations, holidays or debt consolidation. They are available through banks, credit unions, and loan ‘shops’. Borrowing from the wrong money lender could cost you a lot, so research your options and choose wisely.

Top tips for managing personal loans

www.sgmoney.com.sg

  1. Always ask yourself if you really need to borrow the money. Could you cut your spending and save instead?
  2. Use the debt calculator to work out what the loan will cost you each month and in total.
  3. Make sure you understand all the fees that may be charged and avoid nasty surprises.
  4. Be careful borrowing from lenders who take your personal property as security. If you get behind in payments they could claim your household goods.
  5. Know when your payments are due and make sure you have the money to cover them.
  6. If you’re borrowing money for household basics get free debt counselling from your local Budget Advice Service.
  7. Try not to borrow more to refinance a debt. Talk to your lender about ways of reducing the interest on your existing loans.
  8. Avoid being a ‘guarantor’ for other people’s loans. If they don’t pay, you will have to.
 

Know your options

Family and friends

There are many different lenders to borrow from but the cheapest option could be your family, friends or even your employer.

Banks and credit unions

If friends or family can’t help, the next best option is to approach your bank or a credit union for a personal loan.

Banks, building societies, and credit union interest rates are often lower than those offered by other lenders and they often charge fewer fees.

Credit cards

You can borrow money on credit cards (called a cash advance), but the interest rates are usually higher than for personal loans. Repayments can quickly get out of hand if you don’t clear the balance each month.

If you want to buy something in a hurry it can be tempting to use hire purchase, a store card, or ‘line of credit’ cards offered by finance companies. But interest rates can be high and there are often large establishment fees and insurance to pay.

If you get behind in your payments the finance company may repossess everything you ever bought with the card.

Find out more about repossession and debt collection on the Ministry of Consumer Affairs website.

 ww.SG-Money.com.sg

 Money Lender Singapore

Loan shops

If you’re in urgent need of cash you might be tempted by a local loan shop. However, their interest rates can be very high.

Loan shop staff will often talk of repayment as so many dollars a week, rather than focusing on the total you will pay back over time. Always make sure you add up the total cost and ask them to state the actual interest rate so that you have all the facts to compare.

Avoid lenders that charge very high interest rates – especially if they’re offering money door-to-door and don’t have an office. These lenders can include ‘loan sharks’ who may use heavy-handed techniques to make you pay up.

Loan sharks often charge interest by the week on ‘payday’ and you can easily end up paying many times what you borrowed. It’s common for interest rates on these types of loans to be several hundred percent each year.

Ask for help

Personal Loans Singapore

If you need money urgently to cover basic costs contact Work and Income  to see if you qualify for a hardship grant, or speak with your local Budget Advice Service. They may know of church or charitable funds in your area you can borrow from.

Using your mortgage

If you own property you can usually get a cheaper loan secured against your home from a bank or other lender. Keep in mind that if you fall behind with payments you risk your home being repossessed.

With a revolving credit home loan you can borrow money against your house any time you need it, if you have balance available and as long as you stay within the original agreed terms and limit of your loan. This kind of credit only works if you’re the sort of person who is disciplined about making repayments, and shouldn’t be used for day-to-day expenses.

Find out more about the different types of mortgage.

If you do use your mortgage to borrow against your home, try to pay the additional loan off over as short a time as possible.  Even if the interest rate is lower, you’ll end up paying more in the long run if your loan is spread over the whole term of your mortgage.

Find the best interest rate

SME Capital Fundings

Interest on personal loans can make them an expensive way to get money. Shopping around usually means you will pay a little less.

Check the fees and charges

 

To find the best loan you need to know the fees involved, as well as the interest rate. See what you’ll pay in total with the debt calculator.

 

Many loans have establishment or documentation fees that can be more than $100. Store cards charge for replacement or additional cards, or to reprint a statement. You could also have to pay a fee to change the repayment terms, and if you don’t pay on time you’ll be charged default fees.

If these fees are all rolled into the loan you’ll pay interest on them – as well as the loan amount.

Banks may also charge you dishonor fees if meeting your loan repayment means you exceed the agreed overdraft on your current account.

Moneylender Singapore

Apply Legal Personal Loans With above 17,000 Followers of www.SGmoney.sg

LATEST NEWS: I Need a Personal Loan Immediately! — 5 Tips To Find The Best One
Apply Legal Personal Loans With above 17,000 Followers of www.SGmoney.sg and
Trying to secure Legal Cash Loans, Personal Loans, Payday Loans from Money lenders? Our Personal Loan clients are mainly from Pasir RisTampinesJoo Chiat, Telok Kurau, Simei, Bedok, Toa PayohMarine Parade, Geylang, Eunos, Chai Chee, Kallang and Bugis. Visit us ! 
Personal loans  make strong comeback riding on real-time credit scoring
Unsecured personal loans which had all but disappeared after record defaults in 2007-08 are making a strong comeback thanks to the Credit Information Bureau of India’s real-time credit scoring. Also expanding the market are new intermediaries who are generating leads that help lenders go beyond tapping walk-in customers at retail chains.
Consumer loans on equated monthly installments started picking up a couple of years back initially through credit cards. The EMI sales was also driven by subvention from the dealer or manufacturer who agreed to bear the interest cost but not the credit risk. Card companies were the first to tap this opportunity. But considering that there are only 1.9 crore credit cards in circulation the market is quite limited. Lenders such as Bajaj Finance, Future Capital, and Fullerton have expanded the market by putting up their loan desks within retail chains.” In 2007 all finance companies did not have a clue of who the borrower.
The loans were on the basis of documents filed by the borrower. We found that even Form 16 documents were fake” said the chief of finance company. He added that loans were pushed by agents who had an incentive to get disbursements which created a moral hazard resulting in bad loans rising. What has changed now is that lender is now able to identify how leveraged the applicant is, they can also identify in five minutes if the borrower had missed out on any loan installment in the past.
Need Personal Loan Urgently from Legal Money Lender? Most of our clients are working in Orchard, Siglap, East Coast, Beach Road, Bukit Timah, Bukit Purmai, Telok BlangahBukit Merah, Hougang, Sengkang, Punggol, Jalan Sultan, Middle Road, KallangGeylang, Whampoa, Geylang Serai, Aljunied, Bugis and Ang Mo Kio. See us today for a chat! 
   
 
 
Disappointed with Banks? Need Cash? We provide Personal Loan, Payday Loan or Cash Loan to residents of Toa Payoh, Thomson, Woodlands, Yishun, Bukit Batok, Commonwealth, Jurong East, Ang Mo Kio, Bishan, Beach Road, Havelock, Rochor Road, Chinatown, Burn Road, Tanjong Pagar, River Valley & Orchard Road. Legal Moneylender. See us today!
 
Our Personal Loan, Cash Loan & Short Term Loan clients are mainly from GeylangJurong West, Beach Road, Jalan Sultan, Lavender, Middle Road, Chinatown, Kim Kiat, Buangkok, Tanjong Pagar, Marine Parade, Balestier, Bendemeer, Serangoon, Woodlands and Ang Mo Kio. Licensed Moneylender 

Apply Legal Personal Loans With above 17,000 Followers of www.SGmoney.sg and

Need Urgent Cash Loans, Personal Loan, Payday Loan or Business Loan? See a Legal Money Lender today. We loan out legally to residents of Pasir Ris, Tampines, Simei, Commonwealth, Bedok, Kallang, Beach Road, Jurong, Thomson, Bishan, Jurong, Kaki Bukit, Ubi, Marsiling, Thomson Road, West Coast, Boon Lay, Mandai, Sembawang and Choa Chu Kang. 
Legal Moneylender, Cash Loan & Personal Loan for residents in Geylang, Jurong Town Hall Road, Beach Road, Orchard Road, Middle Road, Little India, Ang Mo Kio, Marine Parade, Bukit Panjang, Jalan Besar, Seletar, Paya Lebar, Bukit Merah, Clementi, Jurong West, Punggol and Tampines. 
AND MORE !
Log on to http://sgmoney.sg/index.html for more Licensed Moneylenders listings in Singapore.
Apply Legal Personal Loans With above 17,000 Followers of www.SGmoney.sg and
 

Moneylender and Personal Loan in Singapore

Loan available in Singapore

SGmoney features Licensed Moneylenders information on personal loanbusiness loanpay day loanforeigner loanshort term loan or any legal cash loan & money loan services in Singapore.

Apply Legal Personal Loans With above 7,000 Followers of www.SGmoney.sg and

Loan

SGMoney is a Loan Directory in Singapore, listings include renovation loan, medical loan, education loan service providers in Singapore.

Personal Loan

SGMoney includes Licensed Moneylenders personal loan packages in Singapore. http://www.sgmoney.sg/online.html
Cash Loan in Singapore http://www.sgmoney.sg/online.html
SGMoney helps you locate your preferred Licensed Money Lender fast and accurately.
Singapore Moneylenders Directory
http://www.sgmoney.sg/online6.html
SGMoney is a one stop platform for any legal Moneylender looking for interested consumers.
Personal Loan services in Singapore heading online
Licensed moneylenders in Singapore are targeting consumers looking for personal loans, business loans, short term loans, or simply fast cash loans but with less than SGD 30,000 income per annum. www.sgmoney.sgSGmoney® is an online media platform for legal loanapplications online.  For those whom wish to borrow money or are looking for a quick loan, cash loan, fast loan or any loan which are provided by authorized money lenders, they can do so online.
Bad credit loan is available via the SGmoney® licensed moneylender directory in Singapore, potential lenders with poor financial records will face difficulty when borrowing from banks. This online platform will be helpful to such consumers.  Pay day loan have been gaining popularity among this group of borrowers, but in order not to encourage a borrowing culture for the good of Singaporeans & permanent residents, the authority in charged had issued strict laws controlling licensed moneylender’s advertising activities in Singapore.
Borrow money only when really necessary
With lesser visibility of loan providers seen in the Singapore money lender scene, potential borrowers are expected to have more time to decide- The type of loans to choose, the loan amount and only if they genuinely need to borrow money in Singapore- be it personal loan, pay day loan, short term loan, foreigner loan or simply legal fast cash loan from any licensed moneylender in Singapore featured in SGmoney® The Personal Loan Directory in Singapore.
Apply Legal Personal Loans With above 17,000 Followers of www.SGmoney.sg and
Visit http://sgmoney.sg/index.html for more Loan selections. Legal Loans in Singapore! http://www.sgmoney.sg/online.html
Apply Legal Personal Loans With above 11,000 Followers of www.SGmoney.sg and


Trying to secure Legal Cash Loans, Personal Loans, Payday Loans from Money lenders? Our Personal Loan clients are mainly from Pasir RisTampinesJoo Chiat, Telok Kurau, Simei, Bedok, Toa PayohMarine Parade, Geylang, Eunos, Chai Chee, Kallang and Bugis. Visit us ! 
Personal loans  make strong comeback riding on real-time credit scoring
Unsecured personal loans which had all but disappeared after record defaults in 2007-08 are making a strong comeback thanks to the Credit Information Bureau of India’s real-time credit scoring. Also expanding the market are new intermediaries who are generating leads that help lenders go beyond tapping walk-in customers at retail chains.
Consumer loans on equated monthly installments started picking up a couple of years back initially through credit cards. The EMI sales was also driven by subvention from the dealer or manufacturer who agreed to bear the interest cost but not the credit risk. Card companies were the first to tap this opportunity. But considering that there are only 1.9 crore credit cards in circulation the market is quite limited. Lenders such as Bajaj Finance, Future Capital, and Fullerton have expanded the market by putting up their loan desks within retail chains.” In 2007 all finance companies did not have a clue of who the borrower.
The loans were on the basis of documents filed by the borrower. We found that even Form 16 documents were fake” said the chief of finance company. He added that loans were pushed by agents who had an incentive to get disbursements which created a moral hazard resulting in bad loans rising. What has changed now is that lender is now able to identify how leveraged the applicant is, they can also identify in five minutes if the borrower had missed out on any loan installment in the past.
Need Personal Loan Urgently from Legal Money Lender? Most of our clients are working in Orchard, Siglap, East Coast, Beach Road, Bukit Timah, Bukit Purmai, Telok BlangahBukit Merah, Hougang, Sengkang, Punggol, Jalan Sultan, Middle Road, KallangGeylang, Whampoa, Geylang Serai, Aljunied, Bugis and Ang Mo Kio. See us today for a chat! 
 
Disappointed with Banks? Need Cash? We provide Personal Loan, Payday Loan or Cash Loan to residents of Toa Payoh, Thomson, Woodlands, Yishun, Bukit Batok, Commonwealth, Jurong East, Ang Mo Kio, Bishan, Beach Road, Havelock, Rochor Road, Chinatown, Burn Road, Tanjong Pagar, River Valley & Orchard Road. Legal Moneylender. See us today!
 
Our Personal Loan, Cash Loan & Short Term Loan clients are mainly from GeylangJurong West, Beach Road, Jalan Sultan, Lavender, Middle Road, Chinatown, Kim Kiat, Buangkok, Tanjong Pagar, Marine Parade, Balestier, Bendemeer, Serangoon, Woodlands and Ang Mo Kio. Licensed Moneylender 
Need Urgent Cash Loans, Personal Loan, Payday Loan or Business Loan? See a Legal Money Lender today. We loan out legally to residents of Pasir Ris, Tampines, Simei, Commonwealth, Bedok, Kallang, Beach Road, Jurong, Thomson, Bishan, Jurong, Kaki Bukit, Ubi, Marsiling, Thomson Road, West Coast, Boon Lay, Mandai, Sembawang and Choa Chu Kang. 
Legal Moneylender, Cash Loan & Personal Loan for residents in Geylang, Jurong Town Hall Road, Beach Road, Orchard Road, Middle Road, Little India, Ang Mo Kio, Marine Parade, Bukit Panjang, Jalan Besar, Seletar, Paya Lebar, Bukit Merah, Clementi, Jurong West, Punggol and Tampines. 
AND MORE !
Log on to http://sgmoney.sg/index.html for more Licensed Moneylenders listings in Singapore.

Moneylender and Personal Loan in Singapore

Loan available in Singapore

SGmoney features Licensed Moneylenders information on personal loanbusiness loanpay day loanforeigner loanshort term loan or any legal cash loan & money loan services in Singapore.

Loan

SGMoney is a Loan Directory in Singapore, listings include renovation loan, medical loan, education loan service providers in Singapore.

Personal Loan

SGMoney includes Licensed Moneylenders personal loan packages in Singapore. http://www.sgmoney.sg/online.html
Cash Loan in Singapore http://www.sgmoney.sg/online.html
SGMoney helps you locate your preferred Licensed Money Lender fast and accurately.
Singapore Moneylenders Directory
http://www.sgmoney.sg/online.html
SGMoney is a one stop platform for any legal Moneylender looking for interested consumers.
Personal Loan services in Singapore heading online
Licensed moneylenders in Singapore are targeting consumers looking for personal loans, business loans, short term loans, or simply fast cash loans but with less than SGD 30,000 income per annum. www.sgmoney.sg SGmoney® is an online media platform for legal loan applications online.  For those whom wish to borrow money or are looking for a quick loan, cash loan, fast loan or any loan which are provided by authorized money lenders, they can do so online.
Bad credit loan is available via the SGmoney® licensed moneylender directory in Singapore, potential lenders with poor financial records will face difficulty when borrowing from banks. This online platform will be helpful to such consumers.  Pay day loan have been gaining popularity among this group of borrowers, but in order not to encourage a borrowing culture for the good of Singaporeans & permanent residents, the authority in charged had issued strict laws controlling licensed moneylender’s advertising activities in Singapore.
Borrow money only when really necessary
With lesser visibility of loan providers seen in the Singapore money lender scene, potential borrowers are expected to have more time to decide- The type of loans to choose, the loan amount and only if they genuinely need to borrow money in Singapore- be it personal loan, pay day loan, short term loan, foreigner loan or simply legal fast cash loan from any licensed moneylender in Singapore featured in SGmoney® The Personal Loan Directory in Singapore.
Visit http://sgmoney.sg/index.html for more Loan selections. Legal Loans in Singapore! http://www.sgmoney.sg/online.html

LATEST MONEYLENDER SINGAPORE NEWS Tips on How to Get Personal Loans When Your Credit is Bad

Feb 15, 2017

LATEST MONEYLENDER SINGAPORE NEWS Tips on How to Get Personal Loans When Your Credit is Bad

If you have a poor credit score and you need money in an emergency, it can be very difficult to know what to do. Normal means of borrowing are usually not available and so there may be very few choices for places to get personal loans from. There are things that you can do though.

Check Your Credit Score

It is important to check and see whether your credit score is correct. You may just assume that it is, but there may be errors in it. It is easy to have a look at your credit score and it does not reduce your score if you look at it. Check that all of the listed items are correct and if you find anything on there that shouldn’t be, get it corrected. This may not help you in the short term, because it will take time to change it, but it is worth doing nevertheless. It is also worth trying to improve your credit score, in case you need to borrow again in the future. Paying bills on time and paying off debts will help with this.

Moneylender

Use Credit Unions

A credit union is a non-profit organization that works similarly to a bank. They may be more likely to lend to a person than a bank, although they still need to break even and so will not take huge risks. Find out where your local one is and make an appointment. You will have to have a face to face interview and this could be in your favor as you will be able to put your case forward and explain how you plan to repay the loan.

Ask Friends and Family

If you need money fast then asking friends and family can be a quick way of getting some. This may not be something that you want or would like to do, but if it really is an emergency, then it is likely that they will be happy to help you. Of course, they may not have the money to give you. If this is the case then they may be able to help you by co-signing a loan agreement with you. They will need a better credit rating than you though and they will act as a guarantor so if you cannot make the repayments, then they will have to.

http://www.sgmoney.sg/go.html

Peer to Peer Lending

Peer to peer lending is almost like banking without the bank. There are people who are willing to give money to those that need to borrow. They will not lend to just anyone though, but they may be more prepared to take a risk. The loan may be more expensive, but it could be your only choice.

Money Lender

 

Cash Advance or Payday Loan

This type of loan normally requires no credit check. However, you will need to have a monthly income to show that you can pay it back. Normally you will be lent a small sum of money for a few weeks until you get paid when it is expected that you will pay it back in full plus the interest. These can be expensive but they are quick to arrange and therefore can help you out of a tight spot. Look for reputable legal money lenders Singapore such as those featured in www.SG-Money.sg they are licensed and more reliable sources of personal loans being legal moneylenders Singapore.

Loans Singapore

 

Trying to secure Legal Cash Loans, Personal Loans, Payday Loans from Money lenders? Our Personal Loan clients are mainly from Pasir RisTampinesJoo Chiat, Telok Kurau, Simei, Bedok, Toa PayohMarine Parade, Geylang, Eunos, Chai Chee, Kallang and Bugis. Visit us ! 
Personal loans  make strong comeback riding on real-time credit scoring
Unsecured personal loans which had all but disappeared after record defaults in 2007-08 are making a strong comeback thanks to the Credit Information Bureau of India’s real-time credit scoring. Also expanding the market are new intermediaries who are generating leads that help lenders go beyond tapping walk-in customers at retail chains.
Consumer loans on equated monthly installments started picking up a couple of years back initially through credit cards. The EMI sales was also driven by subvention from the dealer or manufacturer who agreed to bear the interest cost but not the credit risk. Card companies were the first to tap this opportunity. But considering that there are only 1.9 core credit cards in circulation the market is quite limited. Lenders such as Bajaj Finance, Future Capital, and Fullerton have expanded the market by putting up their loan desks within retail chains.” In 2007 all finance companies did not have a clue of who the borrower.
 
The loans were on the basis of documents filed by the borrower. We found that even Form 16 documents were fake” said the chief of finance company. He added that loans were pushed by agents who had an incentive to get disbursements which created a moral hazard resulting in bad loans rising. What has changed now is that lender is now able to identify how leveraged the applicant is, they can also identify in five minutes if the borrower had missed out on any loan installment in the past.
Need Personal Loan Urgently from Legal Money Lender? Most of our clients are working in Orchard, Siglap, East Coast, Beach Road, Bukit Timah, Bukit Purmai, Telok BlangahBukit Merah, Hougang, Sengkang, Punggol, Jalan Sultan, Middle Road, KallangGeylang, Whampoa, Geylang Serai, Aljunied, Bugis and Ang Mo Kio. See us today for a chat! 
   
 
Disappointed with Banks? Need Cash? We provide Personal Loan, Payday Loan or Cash Loan to residents of Toa Payoh, Thomson, Woodlands, Yishun, Bukit Batok, Commonwealth, Jurong East, Ang Mo Kio, Bishan, Beach Road, Havelock, Rochor Road, Chinatown, Burn Road, Tanjong Pagar, River Valley & Orchard Road. Legal Moneylender. See us today!
 
 
Our Personal Loan, Cash Loan & Short Term Loan clients are mainly from GeylangJurong West, Beach Road, Jalan Sultan, Lavender, Middle Road, Chinatown, Kim Kiat, Buangkok, Tanjong Pagar, Marine Parade, Balestier, Bendemeer, Serangoon, Woodlands and Ang Mo Kio. Licensed Moneylender 

Apply Legal Personal Loans With above 17,000 Followers of www.SGmoney.sg and

Need Urgent Cash Loans, Personal Loan, Payday Loan or Business Loan? See a Legal Money Lender today. We loan out legally to residents of Pasir Ris, Tampines, Simei, Commonwealth, Bedok, Kallang, Beach Road, Jurong, Thomson, Bishan, Jurong, Kaki Bukit, Ubi, Marsiling, Thomson Road, West Coast, Boon Lay, Mandai, Sembawang and Choa Chu Kang. 
Legal Moneylender, Cash Loan & Personal Loan for residents in Geylang, Jurong Town Hall Road, Beach Road, Orchard Road, Middle Road, Little India, Ang Mo Kio, Marine Parade, Bukit Panjang, Jalan Besar, Seletar, Paya Lebar, Bukit Merah, Clementi, Jurong West, Punggol and Tampines. 
AND MORE !
Log on to http://sgmoney.sg/index.html for more Licensed Moneylenders listings in Singapore.
Apply Legal Personal Loans With above 17,000 Followers of www.SGmoney.sg and
 

Moneylender and Personal Loan in Singapore

Loan available in Singapore

SGmoney features Licensed Moneylenders information on personal loanbusiness loanpay day loanforeigner loanshort term loan or any legal cash loan & money loan services in Singapore.

Apply Legal Personal Loans With above 17,000 Followers of www.SGmoney.sg and

Loan

 
SGMoney is a Loan Directory in Singapore, listings include renovation loan, medical loan, education loan service providers in Singapore.

Personal Loan

SGMoney includes Licensed Moneylenders personal loan packages in Singapore. http://www.sgmoney.sg/online2.html
Cash Loan in Singapore http://www.sgmoney.sg/online.html
SGMoney helps you locate your preferred Licensed Money Lender fast and accurately.
Singapore Moneylenders Directory
http://www.sgmoney.sg/online6.html
SGMoney is a one stop platform for any legal Moneylender looking for interested consumers.
Personal Loan services in Singapore heading online
Licensed moneylenders in Singapore are targeting consumers looking for personal loans, business loans, short term loans, or simply fast cash loans but with less than SGD 30,000 income per annum. www.sgmoney.sg SGmoney® is an online media platform for legal loanapplications online.  For those whom wish to borrow money or are looking for a quick loan, cash loan, fast loan or any loan which are provided by authorized money lenders, they can do so online.
Bad credit loan is available via the SGmoney® licensed moneylender directory in Singapore, potential lenders with poor financial records will face difficulty when borrowing from banks. This online platform will be helpful to such consumers.  Pay day loan have been gaining popularity among this group of borrowers, but in order not to encourage a borrowing culture for the good of Singaporeans & permanent residents, the authority in charged had issued strict laws controlling licensed moneylender’s advertising activities in Singapore.
Borrow money only when really necessary
1.352083 103.819836
%d bloggers like this: