Know your Moneylender:
Although you were hurry and facing a financial crisis, don’t rush to get a loan with unlicensed moneylenders which are many in Singapore. Make sure you choose best money lender from the ministry of law website as well as EasyCredit.com.sg, where a list of licensed moneylenders is provided. Top and genuine money lenders can be chosen from this website, which makes the borrowers hassle-free. Always physically verify about the money lenders by getting into their offices and talking to them. Keep an eye on the savings and start to take a loan. It’s better to choose the moneylender whose rate of interest and payment options are easy and convenient. Borrowers should go through the terms and conditions reports before signing the agreement to avoid getting into trouble. It’s better to check out the reviews of the lenders before availing the loan.
How to borrow loans?
Follow the simple steps to get the loan:
- Know your financial status and exact amount you want to borrow. This helps you to plan repayment of the loan. Make sure your family did not get into trouble by illegal moneylenders.
- Check for the licensed moneylender and verify if it is legal or not and ask for the best suited loan patterns.
- Have clarity what type of loan you need like: Personal loan, payday loan or advance cash. As every loan have different procedures to follow.
- Make sure the lender explains you everything clearly about the fees, interest rates and repayment to avoid confusion.
- Check with your family about the loan and have a clear idea of amount what you get.
- Money Lender Singapore Review gives you a complete review of all the lendering companies and makes you work simple.
- Make sure everything is correct before signing the documents, to ensure you were in safe hands. Loan will be sanctioned in couple of hours after completing the procedure.
Is money lending safe?
Always go for a bank or financial institutions if you are in need of money. But if you feel emergency and no time, better choose moneylenders. There are cases where the money lender illegally increases the rate of interest and troubles the borrowers. Some money lenders will not follow all the procedures and approves loans and bothers you. They may use abusive language you and man handle for the repayment of loans. Never give you loan details to anybody. So to avoid all these problems make an intelligent step to avail a loan.