Licensed Money Lender Personal Loan Yio Chu Kang

Do you need money urgently? There are times when we need a quick source of cash for emergencies such as after a loss of a job, major car repairs, medical emergencies, emergency home repairs, and many others. 

There are different types of urgent loans in Singapore that you can choose from. Here are some popular quick cash loans in Singapore that you can receive on the same day.

1. Personal Loans 

A personal loan is a loan you can obtain from monetary institutions, whose reimbursement technique can be repaid in fixed interests and monthly installments. The money that you acquire can be utilized for any of your necessities.

Loan Amount: Borrow up to 6 times your salary

Interest: Low-interest rates from 1 to 4% only

Repayment Period: Can be repaid in monthly installments

Eligibility: 

• At least 18+ years old
• Minimum salary of SGD 2,000 for Locals and PR
• Minimum salary of SGD 3,000 for Foreigners 

Pros: Unsecured loan – No collateral/pledging of assets needed

2. Payday Loans 

Another type of loan is payday loans. A payday loan is an urgent small short-term unsecured loan that can help you finance emergency cash needs. As the name suggests, you will need to repay the amount you borrowed on your next payday. 

Loan Amount: Up to one month your monthly salary

Interest: Low-interest rates from 1 to 4% only

Repayment Period: Within a month or on the next payday

Eligibility: 

• At least 18+ years old
• Minimum salary of SGD 2,000 for Locals and PR
• Minimum salary of SGD 3,000 for Foreigners

Pros: Get money fast, No credit score checking

3. Credit Card Advance Loans

The third type of urgent loan is the credit card advance loan, also known as cash advance loan. This is a short-term loan that allows you to get cash instantly if your credit card gets declined. 

Loan Amount: Using the available balance in your credit card

Interest: Typically carry a high interest rate, even higher than the rate on regular purchases

Repayment period: Pay the balance in full each month 

Eligibility: 

• At least 18+ years old
• Existing credit card customer

Urgent Loans from Licensed Moneylenders

A cash advance loan is good if you need cash instantly. Take time to consider the pros and cons of each type of urgent loan so that you can settle on the most suitable one for you. 

When in doubt, you can consult a financial institution of your choice or even a licensed moneylender to enquire about the different types of loans you can apply for. 

A reliable licensed money lender is a good place to start. 1 Fullerton Credit is among the top lenders in Singapore near Yio Chu Kang, charging fair interest rates and accommodating individuals of varying income.

Check out Licensed Money Lender Yio Chu Kang today to get your loans!