Factors to Consider

Everyone you know will unanimously tell you to think very hard about acquiring a loan before you head straight to a money lender’s office. Having a loan is a huge responsibility for many, which is why it is highly advised to do so when you have no other choice. You have to be careful and really think about why you are currently applying for a loan. It doesn’t matter what kind of loan or how small the loan is: you still have to think twice before getting one.

You might already know this, but before taking on a loan, be sure you can pay your monthly payment obligations. Will grabbing a loan compromise your capability to pay essentials such as food, clothing or your kid’s tuition fees? Try making a list of things of your expenses and decide on your budget on whether you could pay for a monthly loan.

Since our company is duly licensed in Singapore, you can be sure that you can get what you need from us. Of course, it goes without saying that administrative charges may be placed upon if you fail to pay interest. However, you can apply for GIRO to notify you of your payments. Paying at the right time would even save you more money as you can avoid any penalty charges. We highly discourage you in obtaining several sources of credit all at once. This will make it very hard for you to keep track of things and will give you unnecessary stress in the long run. You might be in trouble in the end if you realize that you’ve bitten off more than you can chew.

Before getting a loan, be sure that you have read and probably even reread the terms and conditions. This will help prevent any legal complications in the end. It is wise to do this whenever signing anything. Of course, since our company is certified by the Registry of Moneylenders in Singapore, you’re safe and wouldn’t need to worry about anything at all.

Apart from the Terms and Conditions, you will also have to read the fee schedule and charges so that everything would be clear about payment right at the start. Before signing any document, ask one of our representatives if everything is set. Don’t ever settle if you aren’t sure of something. Confirm everything including the amount you wish to borrow, the interest rate and installment amount. Our friendly customer service staff will be more than happy to explain to you how everything will work for you.

 

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