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LATEST PERSONAL LOAN SINGAPORE NEWS Tips for Negotiating with a Licensed Money Lender

August 3, 2016

LATEST PERSONAL LOAN SINGAPORE NEWS Tips for Negotiating with a Licensed Money Lender

August 3, 2016

LATEST PERSONAL LOAN SINGAPOREwww.SG-Money.sg NEWS Tips for Negotiating with a Licensed Money Lender

Identifying a reputable and qualified licensed moneylender for your real estate investment needs is as challenging as finding any service provider that over time is retained, coveted and revered. Other quality service providers such as CPA’s, attorneys or wealth managers are sometime difficult to come by and are often located after many, many failed efforts. The same can be said for the lesser known and less frequently used legal money lender (or Licensed Moneylender Singapore). The best legal money lendiners to borrow money from or to associate with as an investor are typically tough, but fair and perform according to timeframes and agreed upon terms. These are the professionals that should be sought after.

Here are some tips you should follow when negotiating with a Private Money Lender:

Pick the right person with whom to negotiate

It is important, although not always easily attainable, to communicate with the person highest in the company hierarchy. Speaking directly with the decision maker is very important and should be pursued so that the specific and sometimes intimate intent of borrowing is well understood and that everyone’s purposes are aligned. Is it okay to speak with a 2nd year loan officer on a complex industrial loan? No, it’s not and should be avoided. Is it ok to negotiate loan terms and loan matters with a loan underwriter or loan processor…maybe, but only if she or he is the spouse of the check-writer or company CEO. Is it ok to transact directly with the actual check-writer or investor or mandate about a scenario? Yes, always. Dealing direct with the investor or CEO, key employee or perhaps an Operations Manager of a licensed money lender while searching for superior terms is more than important.

Test the Moneylender’s flexibility: Are they in the business for the money or because they love the business?

Assuming the give and take of negotiating is fair and honest, we believe that it’s best to put all cards on the table and ask for fair and do-able loan terms. Money Lenders—especially private, direct moneylenders and investors—will often adjust points, interest rates, personal loan terms and loan features to accommodate the borrowing community since they seek to keep business opportunities flowing, close another deal, utilize their skills again, and extend more business to their service providers (escrow, attorneys, title); this is particularly true with private lenders that have been in the business for decades and who really come to love their trade or craft, dealing with people like this means that they are less inclined to sweat the small details–like paying their kid’s college tuition or making rent–which frequently colors how people conduct their business affairs. Obviously earning fees and yield as a private investor is important, but the “why” of what we do becomes more important and as such, successful members of the lending community are a bit softer when earning the commission or elevating yields is less important than making good loans to good and interesting people.

Quickly and efficiently provide the papers and requested items: make the moneylender’s job easy

Time is money to everyone, but the idiom is woven particularly tight into the fabric of commercial mortgage lenders. A borrower’s job is to provide all papers quickly and to keep the documentation flowing, as well as keeping dialogues moving and frequent. A borrower’s job in many ways is to “serve the private lender” and create an easy environment for the lender to be open to extending more attractive loan terms. Pass the papers. Accommodate and anticipate the request, especially with large and complex deals…

What to negotiate

The legal money lending community provides a very unique, non-institutional lending platform, often without a Board of Directors, internal strict underwriting guidelines or an onerous policy-based decision making process. Underwriting, pricing and funding decisions are usually made using common sense, by 1-2 people who often are the actual check writers. Though each process is different, most Moneylenders Singapore and investors pay attention to 1) the length their capital will be deployed, 2) the yield and 3) the security. Many lenders might forego asking for a higher interest rate if they can secure a shorter term or might extend a lower interest rate for the full term of the loan in exchange for some upfront points. Finally, the lender-investor might improve all points of negotiation if the protective equity can be enhanced. Pledging additional collateral often dramatically improves borrower terms (to that end, make sure that balance sheets and the schedule of real estate are fully complete so that additional collateral can be estimated immediately by the investor-lender).

Conclusion

If a high quality credit package is assembled and there are intelligent and amiable dealings principal to principal, the chance for improved loan terms are more likely to be extended. This is especially true if the desire for better terms is requested along with discussion about additional business opportunities that might exist and the potential existence of an on-going relationship.

Check out www.SG-Money.sg today to inquire about Licensed Money Lenders Singapore!

The financial advisors will be looking forward to helping you finance your next Real Estate Investment.

Source: www.SG-Money.sg

LATEST NEWS: I Need a Personal Loan Immediately! — 5 Tips To Find The Best One
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!
UC United Credit Licensed Money Lender, Call: 62220227
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/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 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!
UC United Credit Licensed Money Lender, Call: 62220227
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.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.
Visit http://sgmoney.sg/index.html for more Loan selections. Legal Loans in Singapore! http://www.sgmoney.sg/online.html
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