Licensed Money Lender Personal Loan Eunos
Eunos is the popular name for Geylang East. It is a subzone of Geylang, which is found within the Central Region of Singapore.
Originally, the area consisted of a large Malay Settlement that was called Kampong Melayu. It was later renamed in honor of Mohamed Eunos bin Abdullah, a Malay elite and a nationalist.
Eunos is a well-connected area thanks to multiple MRT systems and a bus route. The residential area has many housing options that are great for those looking for cheaper housing. It is a good place to raise a family.
If you are interested to relocate to Euno, you may need a financial buffer to get started. It’s good to understand what your options are.
Types of Loans
1. Personal loan
A personal loan is a loan that has plenty of uses. You can use it to cater to a wide variety of needs. These include paying for your education, traveling, home renovation, buying groceries, paying for wedding expenses, catering for medical bills, etc.
You can borrow up to 6 times of your salary if your annual income is above $20,000, that can be paid back by monthly installment, subject to the terms and conditions of the agreement.
2. Business loan
A business loan is one that you can borrow for business purposes only. You can use this kind of loan to expand your business, hire new employees, pay off business debts, buy new business equipment, etc.
With a minimum turnover of $60,000, you can loan up to $200,000. The interest rate ranges from 5-15%.
3. Payday loan
A payday loan is a short-term loan that is taken if you have small but urgent bills to pay. It is paid within a month – as soon as your paycheck comes in. It is usually processed quickly since it’s mostly used for financial emergencies.
You can keep the total amount of money you pay under control, if you pay it on time. When used well, a payday loan can help you repair your bad credit history.
4. Monthly loan
A monthly loan is the kind of loan that is mostly paid in monthly installments. This kind of loan can be used for a variety of needs. It could be a mortgage loan, a business loan, or a personal loan. What makes it a monthly loan, is the fixed monthly repayments you will be required to make.
The sum you need to pay remains the same throughout and tends to attract lower interest rates. It also provides stability for you because you always know how much you owe.
5. Foreigner loan
A foreigner loan in Singapore is only available for foreigners. With a minimum salary of $3,000, you can borrow up to 6 times of your salary, that can be repaid by monthly payment, subject to the terms and conditions of the agreement.
How Our Company Can Help You? Why Us?
Raffles Credit is a moneylender that can help you access a wide variety of loans. You should do business with us because:
- We are licensed under the Ministry of Law and thus are regulated. We run our business lawfully and adhere to the interest rates set by the government.
- We offer a wide variety of loans for most of your financial needs.
- We don’t discriminate. We will offer you a loan even if you are a foreigner with no credit history.
If you are looking for a moneylender in Eunos, consider us. We are licensed and regulated. And we have numerous 5-star ratings and hundreds of positive reviews on Google and Loan Advisor.
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