What is a Personal Loan? A Personal loan Singapore is an amount of money that you can borrow to use for a variety of purposes. For instance, you may use a personal loan for an emergency, to consolidate loans, for school fees, renovation, dream wedding, and so forth. It can be offered by banks, Singapore […]
Category: Personal Loan
Five things you need to know before borrowing a personal loan
According to MoneySmart Singapore, about 1.5 million people in Singapore have personal loans, which is about 36% of the adult population. The average loan value is $20,400, and the most significant percentage of borrowers are between 25 and 34 years old. The amount of personal loans taken in Singapore has increased by 60% in 5 […]
What is a company loan in Singapore?
The current pandemic has caused a huge impact on businesses. Nearly 6 out of 10 Singaporean businesses will need at least 2 years to recover from the damage even if they speed up digitization, seek new revenue sources, or innovate in products and services. Having said that, small businesses or startups may have to suffer […]
5 tips when applying for personal loan with a credit company in Singapore
A personal loan refers to a loan that an individual gets from a financial institution with the anticipation of paying it back in monthly installments. There is an interest charge in Singapore, and it ranges from 3.5% t0 10.8%. It also has a loan repayment period that ranges between 12 to 84 months, whereby the […]
What is a personal loans in Singapore?
When it comes to personal loans, we are dealing with a very wide branch of the credit market in Singapore, a form of financing that together with the home loan represents most of the requests of Singaporeans looking for financing. But what are personal loans in Singapore? This is a fixed interest rate loan granted […]