If you are in need of instant cash, then look no further than a personal loan. They are quick and easy to get, making them an ideal option for emergency situations. However, before applying, be sure to research the lender carefully. Some lenders have strict eligibility requirements, while others may charge excessive fees for processing. Ultimately, you should choose a trusted licensed money lender with a good track record.
In Singapore, personal loans are available to both Singaporeans and Permanent Residents. The minimum age required is 21 and most lenders will require a proof of income. They will also want to see your credit history. A healthy credit score is important, but it takes time to build one. In addition, you should be able to repay your debts on time.
Many reputable licensed money lenders in Singapore have reasonable loan terms and offer flexible repayment options. They also have physical offices, which provides an additional level of security. In addition, they have professional customer service representatives that can answer any questions you might have. They can also help you find the right loan plan for your situation.
Illegal moneylenders, on the other hand, will often try to persuade borrowers with aggressive language and pressure them into taking out an instant loan. They may even force borrowers to sign an incomplete or blank contract. If you encounter this type of lending, report them immediately. You should also avoid lenders that do not have a SingPass retrieve office. instant online loan singapore