A monthly instalment loan in Singapore is an agreement to take out a loan amount, which is to be repaid every month in instalments. The payback period of a monthly instalment loan may last between a couple of months to several decades. If you are looking to take out a … Continue reading
A debt consolidation loan is a loan that is borrowed by an individual to pay off a series of smaller loans. Instead of making multiple repayments for many small loans, debt consolidation loans enable the borrower to pay them to just one lender, with a significantly lower interest rate. Aside … Continue reading
Most financial advisors will advise against taking any kind of debt as they can be detrimental to your financial situation. However, there are instances when applying for one or two will do more good than bad to your finances. These kinds of loans are referred to as ‘good debts’, while … Continue reading
Licensed moneylenders are lending institutions that are recognised by the law to offer loans to borrowers. On the other hand, unlicensed money dealers are known as loan sharks, where they prey on desperate and easily susceptible people who may not know the difference. These loan sharks offer many disadvantages to … Continue reading
Technology has played an essential role in promoting transparency for most businesses, especially for commercial lenders. In the past, lending institutions used the ‘high-touch’ method, which involved personal attention and service by lending institutions to assess the credit capacity of low-income earners. In this article, we will be looking specifically … Continue reading
Taking any loan comes with its share of risks. Typically, that comes in the form of the interest rate. Therefore, before taking out a personal loan, you should always consider your financial situation first. When you have a better understanding of your financial situation, you can then take out a … Continue reading
If you have recently taken out a loan to pursue higher studies, purchase a house, or start a business, you should start thinking about repaying your loan within the stipulated time. This is because the repayment amount will begin to increase as the interest accumulates, and you might have to … Continue reading
An instalment loan refers to a loan that is repaid regularly through scheduled instalments or payments. The main advantage of acquiring an instalment loan is that you do not have to pay the entire loan amount in a single payment. You can repay the debt over a given period in … Continue reading
Student loans can often prove to be a burden, as you may end up making payments for a significant part of your adult life just to pay it off. Thus, you must carefully evaluate your earnings and understand the time you will take to make the repayments. Sometimes, you can … Continue reading
Every entrepreneur in Singapore dreams of succeeding one day. One thing you must know is that the journey to success is not an easy one. Regardless of how prepared you can be when starting up your business, there are always setbacks that may bring your business to the ground if … Continue reading
