Where to Find the Best Loan in Singapore
It is necessary to meet certain requirements and submit certain documents when applying for loans. It is easy and quick to apply for a loan, but there are many factors to consider that you should be aware of. After submitting all the required documentation and having a good credit score, fast approval is usually guaranteed.
In general, applying for a loan for any purpose is a good idea as long as you are confident of your ability to repay it. Although there are many popular loan options, they are subject to many restrictions and taxes. Banks and licensed moneylenders are two places where to find the best loan Singapore that you can apply for.
Where to Find the Best Loan in Singapore
1. Crawfort Finance
With more than 200,000 loans disbursed and receiving an award from Singapore’s Prestige Brand Awards 2019, this licensed moneylender is one of Singapore’s most reputable and trusted moneylenders. Those are the basics of a brand that values its customers and even tailors its loan application process to suit their schedules.
They have even gone as far as digitising everything from applications to credit scoring to payments. Using digital technology innovations and efficient operational processes, Crawfort’s mission is to improve the lives of people. That way, you don’t have to decide when is the best time to apply for a personal loan in Singapore.
2. CashOne from Standard Chartered
In contrast to many of the big banks that require salaries at least lower than this, Standard Chartered Singapore has a salary requirement of SGD60,000. It is also only possible to take out loans if you have an employment pass.
Standard Chartered customers won’t need to submit any additional paperwork and will receive their money within minutes if they meet the requirements. A Standard Chartered CashOne Personal Loan, on the other hand, offers a reasonable rate of 3.48 per cent (6.95% p.a.).
Founded in 2002, Accredit Money Lender is a subsidiary of Quick Credit Pte Ltd, a veteran in the industry that provides transparent and quality service. We adhere to good lending practices due to our customer-centric philosophy, and we constantly strive to raise our standards even further. Despite the fact that we constantly strive to raise our standards of lending, our customer-centric philosophy results in us adhering to good lending practices.
4. Trillion Credit
Anywhere in the world, it is possible to apply for loans with Trillion Credit. The requirement that you have a valid passport is essential for approval. In addition to its faster loan approval system, fixed rates, and monthly repayments, this lender offers a number of benefits.
5. Unilink Credit
A licensed moneylender in Singapore, they offer the top personal loans in Singapore, payday loans, loans for businesses, and loans for foreigners. Licensed moneylenders are members of the Singapore Moneylenders Association, which is administered by the Singapore Registry of Moneylenders. Singaporeans consider this brand to be one of the best moneylenders in the city because of its competitive interest rates and quick turnaround times.
6. Linkflow Capital
A Singapore corporation named Linkflow Capital Pte Ltd was formed in 2012. As a Singapore SME loan consulting firm, we assist Singapore SMEs in borrowing funds. The goal of Linkflow Capital Pte Ltd is to support the growth of small and medium-sized enterprises. Business loan advisory services are provided to SMEs by our Singapore-based SME loan consultancy.
7. Bugis Credit
It offers personal, business, monthly, payday, and foreign loans and has been one of Singapore’s most reputable licensed money lenders since 2007. Singapore’s largest lender has been in business for thirteen years, revolutionising how lenders serve clients.
As a matter of fact, they have one of the best offline and online ratings. The positive comments are evidence of their attention to their clients’ needs, and they are delighted to hear that each review is a genuine expression of gratitude.
8. Citi Quick Cash
Applicants for Citi Quick Cash must have a minimum yearly income of $42,000. Those who have never done business with them before are eligible for 3.56 per cent interest rates for the first 12 months, equivalent to 6.5% annual interest rates. There is, however, a difference in interest rates according to the loan’s term length. CitiBank also offers loans between one and five years that are four times your monthly salary.
HSBC offers promotional interest rates starting at 3.2% per annum, making it the most cost-effective personal loan provider in Singapore. Furthermore, the bank offers loan terms of up to 7 years, making it the longest-tenured bank in Singapore.
The monthly payments for interest-only loans are lower because the cost is spread over a longer period of time. This may be helpful for people who are worried about being able to make their monthly payments.
Additionally, the bank can approve loans within minutes and disburse cash the same day, making it an alternative to other forms of rapid funding.
10. LG Credit
A new rebranding of LG Credit has allowed nationals across the world to apply for loans if they earn at least SGD10,000 annually. If you have an income of at least $6000 per month, you may be able to borrow six times your salary. Unlike other money lenders, this one does not require collateral from its customers.