Licensed Money Lender Personal Loan Changi
Changi is a planning area in the East Region of Singapore. It borders the South China Sea to the east.
Changi is the place to be if you want to be in the middle of the action with easy access to the rest of the world. That’s because it plays host to the Changi Airport and Changi Air Base. The area is also home to Changi Prison, which also happens to be the oldest internment facility in the country.
If you are a foreigner it may take you a while to get your finances in order. A loan can help you during the settling in period.
What Is a Foreigner Loan And How It Works?
A foreigner loan is a form of personal loan that is given to foreigners in Singapore. If you have chosen to work or live in the country, it will take you a while to find your financial footing. So, this loan helps you to meet your needs in the meantime.
Foreigner loans are tailored to foreigners in the sense that they factor in the lack of credit history and your immigration status. All you need is to show that you are in the country legally and are in a position to pay. Then the lender will give you what you need quickly.
Advantages of Taking Foreigner Loan with Money Lender
If you are a foreigner living in Singapore, you should opt for a money lender to give you a loan. That’s because:
- Regulated moneylenders will not take advantage of your desperation to charge you unfair interest rates. They are required to adhere to the Ministry of Law’s guidelines which limit interest rates to 4% a month.
- The loans are usually tailored to your situation. You can’t be asked to give collateral that you don’t even have. Instead, your proof of employment will act as an assurance that you are in a position to pay off what you borrow.
- Your credit history doesn’t matter. Even if you made poor financial decisions in the past, they won’t prevent you from accessing the money you need.
- Approval is usually done fast. So, if you have a financial emergency and nowhere else to go, a moneylender can bail you out.
How to Apply?
There is a process you need to follow to get the foreigner loan that you need. You should do the following:
- Select a moneylender that you prefer and apply online via their form. Be sure to fill in all the details
- Once the moneylender calls you back, set up an appointment at your convenience. Ask what documents you need to bring.
- Visit the moneylender’s offices with all the required documents. These will include your work pass, passport, proof of employment, and proof of residence, 3-months payslips, and latest bank statement.
- Read the loan terms and conditions, ask questions, and if you are satisfied, sign the loan agreement.
- Your money will be given after you sign the contract.
How Our Company Can Help You?
Raffles Credit offers Changi residents the option of getting a foreigner loan. You should take advantage of our loan product if you are a foreigner who needs money.
We are your go-to lenders for this kind of loan product because we are regulated and licensed. Our loans come with flexible repayment terms and we can bail you out of financial trouble very fast.
Call us today from anywhere in Changi. Our number is +6562351788.
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