Licensed Money Lender Personal Loan Katong

In the mood for a classic Chicken and Rice? In the basement of the food court of Katong Shopping Centre, you will find Delicious Boneless Chicken Rice – a food stall that serves one of the best and most tender chicken and rice combo in town. Satisfy the foodie in you with their Steam Chicken for only S$5!

Want to take a day off and spend a day discovering some hidden food hubs in Katong? Find out what type of loans you can apply for!

What Are the Type of Loans You Can Avail from Licensed Moneylenders in Singapore?

Want to get a loan but don’t have an idea what loan you should get? Here are five types of loans offered by Raffles Credit:

Personal loan: A loan you can use for just about anything. From getting a new phone for work, minor home repair, to regular checkups, a personal loan is one of the most flexible loans you can get. 

• Loan amount: Borrow up to 6 times your monthly income
• Interest rate: 1-4%
• Repayment period: 6-12 months

Business Loan: A loan that is suitable for small to medium businesses that need a financial boost to keep their businesses afloat. If your business is still recovering from the COVID-19 aftermath, getting a business loan can help you sort things out.

• Loan amount: You can borrow up to $200,000
• Interest rate: 5%-15%
• Repayment period: 12-24 months

Monthly Loan: A loan suitable for monthly income earners. You can use a monthly loan like how you would use a personal loan, but it comes with a fixed repayment period. Flexibility is the main feature of this loan. With this loan, it’s tailor a repayment scheme that would match your financial capability to pay for the loan.

• Loan amount: Borrow up to 6x your monthly income
• Interest rate: 1-4%
• Repayment period: 6-12 months

Payday Loan: A loan designed to help you settle bills that couldn’t wait any longer. From home utility bills to emergency medical bills, a payday loan can save you from unforeseen financial difficulties. However, a payday loan is a short-term loan that you should repay with your next paycheck.

• Loan amount: Up to one month’s worth of your salary
• Interest rate: 1-4%
• Repayment period: Within the month or on your next payday

Foreigner Loan: A loan exclusively for foreigners and ex-pats working and residing in Singapore. Being away from home deprives you of having a relative you can rely on in times of financial difficulties. Just like a personal loan, a foreigner loan is a flexible loan you can use on anything.

• Loan amount: Maximum of $500 for Foreigners or Expats with an annual income of $10,000. Maximum of $3,000 for an annual income above $10,000 but less than $20,000. Get up to 6x your monthly income if your annual income exceeds $20,000. 
• Interest rate: 1-4%
• Repayment period: 6-12 months

How Can Raffles Credit Help You?

Applying for a loan from Raffles Credit means you’re getting a personalised loan that is crafted according to your specific need, budget, and capability of repaying a loan. We don’t just let our clients borrow money from us, we are also dedicated to helping them learn how to be wise and responsible borrowers. 

Conclusion

Are you a certified foodie? Then Katong would be the best place for a food crawl! Short on cash? Raffles Credit, a reliable licensed money lender, got your back! If you need an urgent finances, visit Raffles Credit Licensed Money Lender Katong. Talk to us now and get a loan amount up to 6x your monthly income!