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Achieve Your Financial Needs with a Personal Loan.

personal payday loan

Business Loan

Is your business facing cash flow problems? Do you need a business loan as soon as possible? We at Credit 21 will help you get your business back on its feet through our business loans.

Personal Loan

Finding a reputable and licensed money lender in Singapore can be a daunting task. We at Credit 21 understand this. This is why we do our best to ensure that we provide our customers with practical options.

Payday Loan

It is quite normal for people to experience financial problems. We provide you with the cash you need within the shortest time possible. We offer a quick and fast way for applying for a payday loan.

Foreigner Loan

How to get the best Personal Loans rates in Singapore

When searching for a personal loan from a moneylender, one of the first things that come to mind is the interest rate the moneylender will charge you on the loan. Ensure that you are getting the best rate possible. The following tips will help you do just that.

Research - Many people looking to borrow money from moneylenders don’t take the time to find out more about personal loans and the regulations that surround them. Knowledge is a powerful tool. In this case, it can help you save a lot of money. You should read up on the rules set for licensed moneylenders in Singapore. Moneylenders are required to adhere to certain rules and regulations. These include setting their interest rates below specified limits (i.e. 13% for secured loans and 20% for unsecured loans). Understanding these regulations and requirements will help you avoid moneylenders who try to bend the law.

Go to a licensed moneylender - If you want to get a good interest rate for your loan, you ought to approach a licensed moneylender. These moneylenders are required by law to adhere to regulations and a set code of ethics. They are required to act in the best interests of the borrower.

Negotiate - When you have

identified a moneylender with the best terms, pay them a visit and negotiate for better terms for your personal loan. Many moneylenders are willing to listen to customers and customize their loan packages to suit their particular needs. You may get a better rate than you imagined possible by simply making a case for yourself.

Why are we the best loan solution for you

There has been an increased need for loans in Singapore. Many people are finding that emergencies pop up or that they do not have enough money to do what they want to at the moment. The solution is to take a loan, accomplish your task and pay the loan back slowly.

In Singapore, people have the choice of either going to a moneylender or a bank for a loan. Banks and moneylenders provide the same basic services. You can access a personal loan or a business loan from either banks or moneylenders. So what makes moneylenders different from banks?

Speedy transactions

Transactions with moneylenders are much faster than with banks.

In most cases, moneylenders will have your money ready for you on the same day as you sign the contract, while banks can take days if not weeks.

Interest rates

Banks are generally known to provide loans at lower interest rates than moneylenders. This is because moneylenders tend to take a bigger risk lending money to people that are not necessarily previous clients. Moneylenders do not restrict their services to those with collateral. They also offer loans to those with bad credit.

The good news is that the interest rates charged on loans by moneylenders are more flexible. You can negotiate for better terms.

Loan approval process

The approval process for taking a personal loan or any loan from a moneylender is much faster. You will usually have an answer in a few days. Banks however must follow specific lending rules. The process involves a lot of paperwork and documentation. It can therefore be difficult to access a loan from a bank.

Category: Payday loans

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