Is it not a choice between choosing shark moneylender and licensed moneylender in Singapore? Not everyone knows the importance of licensed one and will go for the latter for a personal loan or other listed loans, eventually. So, what are the reasons and factors that satisfy a borrower and lender in terms of financial help?
Let’s assume that you are taking a loan to help one of the closest family members. You don’t want to drain your savings, and it is better to help him get the low-interest rate and genuine loan. Where would you go? Indeed, a licensed moneylender in Singapore will surely take care of your needs. Still, the heading question remains, what are the three reasons to take a personal loan from a moneylender?
Read further and find out the three common reasons no one will ever tell you except the government-authenticated moneylender. Indeed, most people in Singapore avoid taking loans because they need cash, and that’s not always provided. However, as a worried borrower, you can assure yourself that by applying to an online moneylender, you will get cash.
Consolidating Debts
Consolidating debt is the bundle of previously taken short amounts of loans that are calculated as one. You could pay these with your credit card but also attract a high-interest rate, then the personal loan’s low-interest rate.
Avoid Credit Cards and High Interests
The sole purpose for a person to take a personal loan is to avoid credit cards and other sources of high-interest rates. With a personal loan, you will not only get the cashed amount but a low or calculated interest rate.
Avoid Insurance Claims
Be clear on this one; when you don’t apply for any claim in your insurance, you get rewarded with a bonus or something similar. Moreover, why would you even consider exhausting your insurance? With a personal loan from a licensed moneylender in Singapore, you will have the benefit of getting insurance benefits for another time.
If you are eager to apply for a personal loan for even wedding rings, to pay for some unforeseen circumstances, or to help someone in need in your family. Don’t hesitate to visit Singapore Personal Loan and click on the online loan application form.
Singapore Personal Loan 