Licensed Money Lender Personal Loan Jalan Besar
Jalan Besar is a Malay name that means, “Big road” or “Wide road.” In the past, it was quite the swampy hunting ground.
Currently, the area has been gazetted as a conserved area. This is meant to preserve its rich heritage, which includes rich architectural features that date back to the late 19th and early 20th centuries.
Jalan Besar is a hippy neighborhood to live in, but it’s still an up-and-coming area so the property prices are still affordable. So you may want to consider it when settling down. And if you need the funds to do so, there are lots of loan options available to get you settled.
Types of Loans
1. Personal loan
Any loan that has a wide variety of personal uses can qualify as a personal loan.
Personal loans can also be useful for other more practical needs such as education, food, or medical bills. And if you have many unmanageable debts, you could get a personal loan to consolidate them all.
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
It is important to consider taking a business loan specifically for business expenses. You can then use this loan to pay off pending debts, buy new equipment, expand your business operations, bring on more employees, 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
Payday loans are short-term unsecured loans that you can borrow and then pay back after you get your monthly salary.
When you use payday loans for the purpose they were intended, and pay them back on time, they can help you. Taking a series of such loans can help you build a more positive credit history fast.
4. Monthly loan
Monthly loans are multi-functional loans. You can use them to pay your mortgage, business expenses, and cater for financial emergencies.
These kinds of loans are usually paid in monthly installments. And these installments are fixed from the start of the loan tenure to the end. If you want stability in how you pay off your debts, then monthly loans are worth considering.
The period of debt repayment can be lengthy. But it also comes with lower interest rates. So, if you have a stable job, such a loan can help you achieve your financial goals.
5. Foreigner loan
Foreigner loans are loans that are advanced to foreigners living in Singapore. It’s the same as personal loans but specifically catered to foreigners.
With a minimum salary of $3,000, you can borrow up to 6 times your salary, which 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 Singapore moneylender at the top of its game. Our products are worth considering because:
- We are legal moneylenders that are licensed by the Ministry of Law.
- We offer a wide variety of loans at reasonable interest rates and with flexible repayment terms.
- We process loan applications quickly. Our preliminary approvals usually take 30 minutes. And we can advance you cash on the same day you sign the loan agreement.
If you are looking for a moneylender in Jalan Besar, Raffles Credit is worth considering. We are licensed and regulated. And we have numerous 5-star ratings and hundreds of positive reviews on Google and Loan Advisor. Personal Loan Jalan Besar is able to provide you with the financial help you need. You may reach us at +65 6235 1788.
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