If you’ve ever bought big-ticket items like furniture or home appliances, you might have encountered a dilemma. Should you pay for the item in full with your own money, or take out an instalment loan to pay for it? Many stores these days offer instalment payment plans, or you could … Continue reading

When it comes to ensuring your long-term finances, a monthly instalment loan can be essential. However, most people do not often consider these types of loans unless they are making a big purchase. One such instance where a monthly instalment loan can be significant is when individuals are purchasing a … Continue reading

One type of loan that is suitable for small but urgent cash needs is the payday loan. Due to the relatively small amount involved and short-term nature of it, payday loans are a low-risk loan that is useful for a variety of purposes. Although many people try to avoid taking … Continue reading

The world of loans can be a confusing one. Amongst all the ways loans can differ, there’s one aspect you need to think about: the length of the repayment plan. Often split into two types – short-term loans and long-term loans, loan repayment plan is a crucial consideration in your … Continue reading

Foreigners in Singapore face a particular challenge when faced with financial constraints. On top of the already high costs of living, unexpected circumstances like medical emergencies, emergency needs back home, or a rise in rental fees can put foreigners here in a tight spot. It doesn’t help that the loan … Continue reading

To some people, loans have a bad reputation as it puts people at risk of falling into a downward spiral of debt. However, loans come in many forms and amounts, and not every one leads to a bad result. In fact, taking out a loan can be a smart and … Continue reading

It is common for students to take up a student loan to fund their studies, especially in higher education. In fact, a survey by HSBC shows that Singaporean parents spend an average of $21K a year just to be able to send their children to university, even if it means … Continue reading

Maintaining a healthy cash flow in business is a big challenge for any business owner. This is due in part to the countless factors that can influence a business’ financial status, from the global economic climate to unexpected costs. With the COVID-19 situation, many businesses have been hard hit, with … Continue reading

Graduations are surely a time to celebrate, but for many, it is also a time of uncertainty. For many graduating students, it means it’s time to step into the working world, and time to repay those study loans. From looking for their first job, to learning how the various bank … Continue reading

When you are in a situation where you need some cash to finance some big-ticket items, or even to fund your business, two credit sources come to mind: term loans and lines of credit. What’s the difference between them, and which is the better choice? Simply put, lines of credit … Continue reading