It’s frustrating to have your moneylender loan rejected, especially if you need funds for an emergency. However, there are ways to get your loan approved. Your loan application could be rejected by a money lender for many reasons. It could be because of your bad credit history, unstable income, amount of existing debt, etc. The […]
From 30 Sep 2022, the Singapore government lowered the loan-to-value (LTV) ratio for HDB loans from 85% to 80%. Consequently, the downpayment for HDB flats increased from 15% to 20%. However, being able to pay the downpayment is one thing, but regularly repaying monthly mortgages is a different concern altogether. Being in a high-interest home […]
If you have plans of buying a new home while still in the process of selling your current home, you may need a bridging loan before the sale of your old home is finalised. But first you need to know how bridging loan works. In this article, you will not only know what a bridging […]
Wedding ceremonies are beautiful and mark a critical stage in our lives. Everybody wants the best wedding as it is an important milestone. To celebrate a wedding in style, you have to budget for everything – from planning to execution. Weddings in Singapore are costly, and if you don’t have enough savings or support from […]
Owning property is a dream for everyone in Singapore. Most people work hard and save enough to be able to own property someday. But despite this, it can still be challenging to achieve the dream of being a homeowner sometimes. That’s why some may consider taking a loan to get a home that they want. […]
Most Singaporeans know they should avoid dealing with loan sharks since they are opportunistic lenders that charge sky-high interest rates. But some may inadvertently deal with a loan shark when in urgent need of money. This can be a dangerous situation. If you fail to pay up, loan sharks may resort to threats and harassment. […]
Licensed money lenders are an important part of the financial ecosystem. They provide you with short-term loans, which you can use to pay off debts or cover emergency expenses such as medical bills. However, not all money lenders are legitimate. Some rogue lenders such as loan sharks may try to swindle you out of your […]
Running a business in Singapore is not an easy task. As a business owner, you may face a cashflow crunch and need emergency cash to enable the business to run smoothly. A business loan could be helpful in many ways. Whether you are considering buying new products or expansion, a small business loan can turn […]
Falling behind on your bills or struggling to make ends meet is stressful and frustrating. Some may feel ashamed or embarrassed, which makes it hard for them to seek help. Others become depressed when life strikes them hard. Some may fall for scams when trying to get a quick loan out of desperation. Unfortunately, loan […]
When it comes to personal loans, licensed money lenders are alternatives to financial institutions like banks. They have less paperwork and faster loan approvals. As a borrower, you may feel apprehensive about working with a licensed money lender. But the Ministry of Law has put in place rules that govern all licensed money lenders in […]
Buying a car in Singapore gives you the luxury of travelling in comfort at your own convenience, but not many of us can afford to buy a car with our income. This is why car loans in Singapore might be your best bet to own a car. However, you must consider interest rates and other […]
With this year nearing its conclusion, a new year with fresh financial opportunities is knocking on your door. It’s the perfect time to review your debts and financial decisions this year to prepare for the next. With regard to real estate, one major financial item on your agenda would be your housing loan or mortgage. […]
