Advantages of an Instant Cash Loan

Stuck in a sticky situation with no family or friends you could turn to? Struggling to make ends meet month after month can be a long and tiring ordeal when you do not have the luxury of savings to rely on. The practical solution to your problem is take out an instant cash loan, especially when you’re in the face of a financial emergency.

1) Quick & Fuss Free

Eradicate the tedious process and long waiting time that you can expect from a bank loan application with an instant cash loan. Because a thorough credit history check is not required, an instant cash loan is quick to obtain and you will rarely face an automatic rejection. Most applicants of bank loans are often rejected because they have their credit report checked by the bank, who has access to information kept by Credit Bureau Singapore. Legal money lenders rarely take your credit history into account and are more open towards a flexible repayment schedule that suits your needs.

2) Easy Access & Convenience

Most legal money lenders in Singapore are easily contactable through the web, making the whole process much more speedy and efficient. Immediately connect to a staff via email or phone call to apply for an instant cash loan and await their approval. No long queues and minimal documentation required. Upon their response, simple get your contract signed before receiving the money. At this point, the applicant is advised to clarify all terms of the agreement to avoid complications.  Please note that by law, all loan disbursements and contracts need to be signed and the money given out will only be strictly at our approved place of business (i.e. our 2 offices in Tampines and Yishun). We are contactable via phone or email for enquiries.

3) Little requirements

An instant cash loan tends to require a few simple qualifications that you need to meet,  which include a minimum age of 21 and a proof of stable employment and income.

4 Ways To Put Your Personal Loan To Good Use

There is this perceived misconception in our society where taking a personal loan is a bad thing. We grow up to have this belief that borrowing money is bad and if you apply for a loan, it is implied that you’re short on income or possibly in tons debt.

We’re here to debunk these myths. There can be various reasons behind a loan application, and not all of them are because you’ve hit a dead end. Taking out a personal loan can even spare the added stress of tough financial concerns if it is carefully planned and well-executed:

Help Out Your Loved Ones

Perhaps a close relative of yours just got retrenched or lost his home, and you yearn to lend him a helping hand so he can get back on his feet. Your first instinct might be to lend him some cash out of your pool of dispensable money. However, the more practical option here is to actually take out a personal loan, one that actually allows you to manageable and reasonable repayments. Taking out a personal loan is indeed a much safer option than forking out a huge sum out of your own personal savings, especially if you can foresee that he might face difficulties repaying you back.

Consolidate your Credit Card Debts

Are you stuck in a revolving debt cycle paying off huge spends on your credit cards? Let’s face it—we all get carried away indulging in our bad habits sometimes. But there is really no reason to suffer the consequences and torture yourself month after month on a 24% annual interest, when you can settle the payment with a single loan. Avoid interest rates from multiple high-interest credit cards with a personal loan on a single repayment schedule.

Emergency Expenses

Life is full of surprises and it will sometimes throw you with unexpected situations. A personal loan can be beneficial when you have to deal with unfortunate circumstances (e.g. medical bills, household/car maintenance) that need to be attended to right away. Instead of owing large amounts of money from interests incurred due to late payment, taking out a personal loan to get you through this temporary period can cover these urgent needs more practically.

Maintain A Reasonable Level of Funds After Huge Purchases

Say you’ve saved a lump sum of $15,000 for your big day or a long-awaited vacation. Even though you’re capable of paying for it all at once, you might actually want to think twice before doing so. Taking out a personal loan and then gradually paying it off in terms can ensure that you’re not low or zero on funds while on vacation and you are still able to enjoy your holiday with a peace of mind!

 

 

Your Guide To A Foreigner Loan In Singapore

With foreigners making up about 29% of Singapore’s general population, it comes with little surprise that our first class country is widely recognised as the land of opportunities. Nevertheless, coping with expenses in one of the world’s most expensive country can be quite a feat. The need for additional credit is inevitable to adapt and keep up with the high standards of living of here. On top of your personal obligations and responsibilities, factors like advanced tenancy downpayment, monthly rental and utility bills will most like put a strain on your income/expenditures in one way or another, especially when there’s little to no one to turn to with regards to financial matters.

Who is Eligible For a Foreigner Loan?

As long as you are a foreigner with a valid Singapore employment pass, you are entitled to a foreigner loan. Additionally, you must also provide specific documents and meet the following requirements:

  • At least 21 years of age and employed on a full-time basis
  • A valid original passport
  • Residence tenancy agreement for your rental premise, PUB bill or mobile phone bill
  • An appointment letter from your company
  • Pay slip from the last three months
  • Bank statement for proof of your company crediting your salary

If you think that applying for a loan from a local bank is a more convenient solution, think again. There are high qualification criteria and stringent requirements to comply with, even for local residents. Banks tend to impose high minimum income requirements, and they generally tend to favour individuals who are financially healthy and stable. So under unfortunate circumstances, you might go through all the hassle only to find yourself rejected of the loan at the end of the day.

A Foreigner Loan with Fast Money

Skip all the lengthy approvals and tedious paperwork with a licensed moneylender, where a quick and easy procedure is guaranteed. Whether you’re an expat or a work permit holder here, there’s always a right scheme to fit your needs and budget. In the case that you’re faced with a financial turmoil or extreme financial emergency, never take the easy way out with loan sharks or illegal money providers who are lying in wait for unsuspecting foreigners. What you require is a feasible and logical solution, which is what a foreigner loan entails.

With Fast Money, enjoy the benefits of a low interest rate, customised packages and flexible repayment periods with a peace of mind. Think of us as lending a helping hand to lighten your financial burden, sans all the fuss and stress.

Fill up our online form or reach out to one of our friendly representatives today!