Affordable Online Grocery Shopping Stores in Singapore

Isn’t grocery shopping such a pain sometimes? You continually find yourself suffering from the heavy and massive baggage of groceries after buying them from the supermarket. You have always been annoyed with the crowds or lengthy queues. It has always been a struggle not to mention the trouble of finding a parking space for your vehicle as well as paying for your gas.

Well, that’s why online grocery shops are all the rage nowadays that with just a few clicks, you can complete your necessities and then it can be brought to you as soon as two hours after buying them. Not to mention its convenience, purchasing online additionally means much less impulse buying like being tempted to buy whatever it is on the aisles that are products with tempting packaging and sale labels that you might just get without even thinking that you really need them.

Like most other people, going into a supermarket or grocery store with the intention to get a certain product might grow to be that certain item plus a number of other items that you might not need at all. The thing is, you just got it because you were attracted by it in the store. Buying groceries online lets in you to compare expenses easily throughout different online shops.

Why go online grocery shopping?

The convenience of today’s technology is almost countless! Now, even buying groceries can give you such convenience like never before. Here are some benefits that you can get when you do grocery shopping online.

  • You can do grocery shopping anytime of the day. You can go to the grocery application on your phone and choose the items that you will need and order them whatever time that is most convenient to you.
  • Your grocery items will be delivered to you. You will have the convenience of having the items you need to cook or at the kitchen to be delivered right to your doorstep. You do not need to carry heavy stuff!
  • Delivery within a short period of time. Sometimes delivery is within 2 hours, some on the same day and others depend on the options that you chose.
  • You are guaranteed freshness and quality of the items that will be delivered to you because they do not want you to complain on the items that were delivered.
  • You do not need to get stuck with the crowded places and take a long queue just to pay for the grocery items.
  • You will get the best prices, sometimes they offer discounts, and you can compare prices from every online grocery stores.
  • Save your time, money and energy. You can save time by not going to the physical grocery store, you will not have to stand on the line waiting for your turn to pay. You will save money by not paying for your gas and parking fees. You will save your energy because you will get your groceries by just sitting on your couch and clicking the items that you want.

Some of the popular online grocery shopping stores

  • Farmer’s Market

    Bugis Credit Farmer’s Market

    Farmer’s Market is famous for their identifiable, efficiently sourced meat and seafood products at low cost prices. Farmer’s Market gives a wide range of fine quality, sustainably sourced, hormone and no antibiotic meat as well as their seafood.

    Every associates farm of Farmer’s Market has been selected for its high welfare standards and excellent great merchandise. All products are sourced from just one or two farms which focus on providing purchasers with ethically reared, sustainable meat. You can even locate full details of every supply listed on the internet.

  • Ryan’s Grocery

    Bugis Credit Ryan’s Grocery

    This was named after the owners’ son who has a variety of meals intolerances and started out as a manner to convey new products and bring to the local market. Ryan’s online store features pantry staples, vegetables, clean foods, meats and gourmet distinctiveness products plus they also offer free shipping $150 worth of orders and above.

  • Sasha’s Fine Foods

    Bugis Credit Sasha’s Fine Foods

    They deliver the most effective, sustainable meats, vegetables, fish, plant based foods, wholesome snacks, ready made meals, and many more directly to your doorstep, You can be sure and confident that the whole thing is healthy and free from chemicals.

    They even have a newly introduced, fully personalized subscription provider which gives you the option of automating the delivery of a number of your favorite items every fortnight. You can also order anytime earlier than 5pm for Free Next Day Delivery if you order items worth $100 and above.

  • Amazon Prime Now

    Bugis Credit Amazon Prime Now

    They are the most up-to-date participant on the internet grocery store scene which was launched in the late July 2017. They have a same day 2 hour grocery shipping with a minimum spend of $40.

    They are very competitive and they offer a huge variety of choices of non-grocery gadgets like toys, kitchen wares as well as school supplies. They are still improving their application and can only be used on a mobile phone. They are in the process of expanding the availability of the online grocery store.

  • RedMart Lazada

    Bugis Credit RedMart Lazada

    RedMart is among Singapore’s biggest online grocery stores but then it merged with the massive online shopping store, Lazada which made it even bigger than it used to be.

    RedMart offers you almost anything that you want to buy and features a delivery straight to your doorstep. You will love the feature where you may even add more items on your order even after it’s been placed if ever you just forgot something. Their free delivery is when your items are worth $60 and more.

There are a lot of options when it comes to online grocery shopping Singapore but if ever you will need more assistance with your shopping needs, you can definitely check out Bugis Credit if you have other things that you may need.

7 Important Things You Should Know About Cryptocurrency Before Diving In

Cryptocurrency is becoming rapidly popular among the younger and tech-savvy investors of Singapore. You’ve definitely read about it. Your first impressions feel like it’s definitely worth trying provided it gives good yields and information shows that there is relatively low risk thanks to public confidence in the currencies.

However, if you’re misinformed, you might end up making bad investments and losing more than you initially invested. To make sure this doesn’t happen, here are seven important things you should know about cryptocurrency before you begin your journey.

1. What is cryptocurrency? 

Cryptology is the study of deciphering codes in ancient and even modern languages. It uses sets of “key” symbols to unlock a pattern of symbols that intend to express something.

In the case of cryptocurrency, it stores financial data in a pattern of symbols called a blockchain. Each blockchain has a single “key” that only its account owner possesses. It is only when the key is used to unlock the blockchain pattern can the user access the cryptocurrency they currently own.

Many modern applications use blockchain to guarantee secure peer-to-peer messaging and transactions without outside surveillance such as modern chat messengers and text applications.

2. How many different types of cryptocurrency are there?

In truth, there are over 2,200 different cryptocurrencies in existence nowadays. The reason that some prevail and some end up forgotten or inactive depends on the number of active users and owners of the currency. Therefore, the best cryptocurrency investments are ones that are currently popular and are highly valued by many investors. Here are some of them. 

#1 Bitcoin

The currency that started it all is the one that still has great fame (and infamy) over the last decade. Bitcoin started in 2009, and anyone can purchase it from legitimate Bitcoin marketplaces or from individuals who peddle it in exchange for items of value. Over time, its value has begun to rise,

However, investors are still wary of its fluctuating nature. In December 2017, Bitcoin rose to a whopping $19,783 in value. On the other hand, it fell down to $13,800 just six days after its highest market capIn December 2018, it sits evenly at $3,300, which is a 76% drop from the previous year’s high.

#2 Ethereum

While still a newcomer (and now a toddler) in cryptocurrency being founded in 2015, Ethereum is slowly gaining traction as becoming a popular cryptocurrency in the market. Similar to Bitcoin, it is a blockchain-based computing platform that use numerous machines and has a public-access ledger that only users with the proper blockchain keys can access when needed.

Ethereum’s advantage over Bitcoin is speed. Ethereum can take 15 seconds to complete a transaction while it might take 10 unnerving minutes for Bitcoin users to consider a transaction to have pushed through.

 

#3 Litecoin

While it wasn’t the most popular alternative to Bitcoin, Litecoin has been around for quite a while. It found its roots with most online poker and gambling websites. It began in 2011 after former Google employee Charles Lee posted it on GitHub. He introduced it as an alternative to Bitcoin, which was slowly emerging during the time.

Similar to Bitcoin, it uses the same public-viewed ledger and secured by mathematical protocols that only keys can solve. It also outdid Bitcoin’s transaction speed by overtaking it a fourth faster than the older cryptocurrency. 

#4 Ripple

Right after Bitcoin and Litecoin launched their respective currencies, Ripple emerged as a real-time currency by Ripple Labs. It was first meant to become a secure payment option for online transactions. Then, it evolved into a cryptocurrency after the company merged operations with global payments service Earthport. Ripple or XRP became one of the largest currencies in the US with a market cap of $73 billion on December 30, 2017.

#5 Stellar

Originally, Stellar was a project of Ripple co-founder Jed McCaleb in 2014. He and a former lawyer friend, Joyce Kim, launched the cryptocurrency during the year under the name “Secret Bitcoin Project.” It birthed the Stellar Development Foundation. It functions similarly to Bitcoin, but the SDF partners with many budding startups and renowned brands to exclusively use its cryptocurrency, such as Deloitte, Coins.ph, ICICI Bank, and other global brands.

#6 NEO

Now known as “Antshares,” founders Da Hong Fei and Erik Zhang released NEO in 2014 with the goal of creating a “smart economy” that exclusively uses blockchain technology. In doing so, they promise to create “smart” contracts that allow decentralised digitised asset management. It now has offices across Shanghai and Seattle.

3. What caused the cryptocurrency boom out of the blue?

It’s always great to have different types of banknotes so you can profit off of them when money markets move positively. Cryptocurrencies are not so different from bank-regulated banknotes. However, their true appeal lies in crypto being the future’s currency of choice. Many anticipate that one cryptocurrency is most likely to reach a high market cap in the future — which is why it makes sense to own one as early as possible during launch.

Some Singaporeans and users abroad find the idea of removing banks and governments from regulating currencies appealing, which is something Bitcoin and cryptocurrencies make possible. Because popular activity dictates the overall value movement of cryptocurrencies, there is a lower risk of devaluing the money due to inflation.

Blockchain technologies at the core of cryptocurrency introduce the next level of privacy when it comes to financial transactions online. The decentralised processing, recording, and management of cryptocurrencies is something that users find more appealing and effective than the established traditional system.

4. Is cryptocurrency legal?

Cryptocurrencies are unregulated, decentralised, and completely anonymous monetary systems where only end-to-end users can confirm whether a transaction has already occurred through publicly-viewable ledgers. True enough, this leaves it open for possible exploitation by unsavory forces, which might make it legal or illegal in some countries.

In the United States, it’s legal to use any kind of cryptocurrency. However, the government has advised investors to always be wary of the consequences when it comes to using cryptocurrency. True enough, there is no insurance about losing money when transactions fail to pull through. In addition, there is always a risk of hackers infiltrating the system.

For Singaporeans, the government of Singapore does not recognise crypto as a legal tender similar to traditional currencies. However, Singapore’s Tax Authority legally terms Bitcoins and other cryptocurrencies as “goods.” Therefore, all transactions using cryptocurrency locally or internationally will receive an applied Goods and Services Tax.

5. Is cryptocurrency a low-risk investment?

Admittedly, Bitcoin and cryptocurrencies following its reputation aren’t the safest options for investors. If you’re willing to shoulder its risk, you can confidently invest in the currency. Cryptocurrencies do not have stability because it lacks the tangible security traditional currencies have. Stability allows merchants to ascertain fair prices for all goods and services.

High-volatility in bursts of short periods make cryptocurrencies an unreliable legal tender, which is why it is correct for Singapore’s government to recognise only its transactions but not its existence as a legal form of currency.

6. What determines the price of the cryptocurrency?

In point 5, we’ve mentioned about cryptocurrencies lacking in stability because of its modern yet unbound nature. Without the presence of regulating bodies, it’s easy for currency users to drive the price too high or too low at any time based on market activity. While there is no certainty that every element we list below can affect the market immediately, it pays to know about how they do so in worst-case scenarios.

#1 Crypto Exchanges

Traditional stock markets have companies go through hoops and lengths before they can launch an Initial Public Offer (IPO). However, cryptocurrency markets — also known as crypto exchanges — are managed by private groups with their respective number of users and followers. If a giant crypto exchange adopts a cryptocurrency you’re using, there’s a huge chance its value will rise. On the other hand, if a giant crypto abandons an existing currency, then it’s most likely to devalue too.

#2 Software Upgrades

Bitcoin is still a software product with actual monetary value. Even if it has a slower speed than Ethereum and even Litecoin, it thrives because it was the first cryptocurrency available. However, both latter cryptos became famous because of their fast transaction speed. If a cryptocurrency offers better performance, then it has higher value. A community-led upgrade in security, performance, or stability will likely result in more investors buying the currency and improving its value.

#3 Public Influence

Public-access and viewable information is useful, but it can also be a bane for many investors. For example, plenty of Initial Coin Offerings (ICO) from different shady Chinese organisations without any backgrounds but only had fancy white papers and concepts have deceived many social media and Internet users who had zero ideas about Bitcoin or cryptocurrencies. However, this clearly demonstrates how hype and public influence in spreading cryptocurrency increases its respective value

#4 Wallet Upgrades

Part of reliable cryptocurrency technology is owning a wallet that has exceptional capabilities. If your cryptocurrency has exceptional security and performance when it comes to storage, then the better it is to use. The number of wallet manufacturers and parties concerned with cryptocurrency safety can affect the cryptocurrency’s price effectively.

#5 Pseudo-Government Regulation

Cryptocurrencies are partly appealing because of its decentralised, people-power based economy and market movement. However, government bans and anti-use mandates on cryptos can affect its value. With restrictions of use, some cryptocurrencies can simply phase out, and this might include the cryptocurrency you’re using.

6. How to invest in cryptocurrency?

Cryptocurrencies are similar to in-game money if you’ve played mobile games. Using your bank account or credit card, reliable exchanges will give you equivalent amounts of cryptocurrencies. Therefore, before starting, make sure you’re working with reliable crypto exchanges. In addition, always have an offline wallet to ensure the safety and non-hackability of your cryptos. Here are four great huge and thriving exchanges you can work with today.

#1 Coinbase

Founded in San Francisco, California, Coinbase maintains the exchange of Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Litecoin, and other cryptocurrencies currently available in the market. It’s a great place for beginners to start their crypto journey and they provide helpful content, too.

#2 Binance

Started in Shanghai by Chang Peng Zhao as a high-frequency trading system developer, Binance evolved into a cryptocurrency exchange and moved out of China into Japan and Taiwan to further its operations. While it has been subject to large-scale hacking during the time, it remains one of the biggest and most reliable service providers of cryptocurrency exchanges.

#3 Gemini

Founded in 2014 as a digital assets exchange in New York, Gemini is less popular than its counterparts because of its New York State Department of Financial Services regulation, which defeats part of cryptocurrency’s purposes. However, it has a reliable crypto exchange that makes it an excellent platform with added security.

7. What precautions should I take before buying cryptocurrency?

Reading about cryptocurrencies, it feels like you’re stepping into a new world of opportunity. However, the dangers in using cryptocurrencies are as real as it can get. It’s important to know that every cryptocurrency — no matter how stable data or they claim to be — can fluctuate and devalue at any time. Here are a few precautions to remember before entering this brave new world.

#1 Make Sure You’re Providing Sensitive Information to Trustworthy Exchanges

Only use trusted exchanges. To exchange your money, they will ask for your personal and credit information. There are plenty of fake exchanges whose only goal is to steal your delicate information. Be vigilant!

#2 There is No Insurance If Loss Happens

Unregulated by banks, cryptocurrency exchanges are still the Wild West of modern, cutting-edge financial technology. If your exchange gets hacked and your cryptocurrencies are still in your digital wallet, you won’t get any recourse to claim back your lost money.

#3 Avoid Public Internet Connections

This is critical even if you’re not using cryptocurrencies and only accessing your finances using your bank app. Never use public Internet connections where anyone can exploit your public network settings and have access to your files and items you view on screen.

#4 Choose The Right Crypto Storage

True enough, there are still secure and affordable online cloud storage for your cryptos. However, it is much more practical to use offline wallets to keep your money safe from anyone. In addition, it allows you access to your cryptocurrencies at any time without an Internet connection.

Conclusion

Cryptocurrencies are an excellent, decentralised currency exchange that can help you achieve long-term investment potential if you choose the right currency, understand and accept all the risks involved investing in crypto, and keeping track of your chosen cryptocurrency potential. 

As with any investment, make sure to always perform due diligence and a complete understanding of everything that affects the value of your currencies.

Can an Individual Start an Investment with a Small Amount of Income?

Investment is a way of saving or keeping your money to platforms which may return higher. But, a lot of people think that investments are expensive or just a waste of money. Where in fact, there are investments that are affordable and might suit your monthly income. There are platforms you can invest from that has no minimum required of investment or has a lower cost. So definitely, you can invest in Singapore with a little amount of money.

Things you might consider before you invest from any platforms

Some people thought that investing could be expensive while some people are afraid to invest huge amount of money because of scammers. Well if you have second thoughts or any doubts about investments, here you can try the “Regular Share Savings” or RSS. Which is usually offered by banks you can trust. However there are pros and cons in RSS.

Regular Share Savings or RSS plan is an investment plan which requires you to invest money on a monthly basis. The pros of it is that it allows investors to invest money with no minimum amount required. Unlike with other plans or platforms that requires investors to contribute a certain amount of money which either could be affordable or not that causes investors to not invest anymore.

The cons when you get an RSS plan. Investors who invest huge amount of money of course will have the higher chances of getting a huge amount of returns in their capital investment. Also, investors may face higher fees and charges once they exceed the minimum investment amount.

Actually, it’s quite hard to find a secure investment and trusted platforms in Singapore. One of the main reasons why many Singaporeans are afraid to take the risk to invest and just choose to get a loan instead which they think they’ll be able to get sure money.

Bugis Credit How Much Can You Earn

How much will an investment cost in Singapore?

Below are the lists of the platforms that have guaranteed capital & returns you can invest from when you’re in Singapore. Some investments will only cost you $100 a month excluding the fees and charges, some will only cost $50 a month, and some don’t have a minimum amount required.

  • POSB/DBS Invest Saver

– you can make an investment in Nikko AM Singapore STI ETF with 0.82% fees and charges and to ABF Singapore Bond Index Fund with 5% fees and charges for only $100 a month. So if you have a stable job and earning a thousand dollars a month, then this will surely fit your budget since it’s not that expensive. However, you may also consider the other charges.

  • Phillip Capital Share Builder

-you can also invest in SPOR STI ETF Close to 39 SGX- listed counter for only $100 a month. Fees and charges are $6 for 1-2 counters and $10 for 2 counters or more. This may have a lower monthly investment but you might also want to estimate first the charges if they will suit your budget and make some estimations first.

  • Auto wealth

-you can also invest in stocks and government funds for only $100 a month with an initial investment of $3,000. There are 5% management fees and $18 platform fees per annum.This may have a low monthly investment but it requires a high amount of initial investment so if you can’t afford it, there are still other options to choose from if you really want to invest.

  • Dollardex

–invest in unit trusts for only $100 a month. It has no fees and charges unlike with other platforms. This is so far one of the simplest ways to invest your money at low cost.

  • Endowus

-you may also want to try  investing in low-cost portfolios diversifying mutual funds and unit trusts for only $100 a month with an initial investment of $10,000. Fees and other charges will range from 0.25%-0.60% per annum. At first it will require you a high initial investment and also fees and other charges, but you may consider here where your money will be invested.

If a $100/month investment is still too expensive for your budget then don’t worry because there are platforms that have lower cost and no minimum amount of investment.

  • Smartly

-requires a minimum investment amount of $50/month. You will invest in portfolios of ETFs. The fees could range from 2% to 8% per annum.

  • MoneyOwl

-you will invest in dimensional funds and equities with MoneyOwl. The minimum amount of investment with them is only $50/month. MoneyOwl has advisory fees of 65%, platform fees of 18% paid to ifast and 3% to 4% fund expense ratio per annum.

  • Syfe

-they don’t have minimum amount required for investment, you’ll invest in ETFs. It has a management fee of 65% per annum. This is a good option if you want to invest with the amount you can only afford.

Personal Loan requirements bugis credit

What is a monthly loan and where can I get it?

While some people are afraid to invest, then there are people who would choose to get a loan instead. Monthly loans are favorable to people who don’t want their weekly budget get ruined. Bugis Credit offers monthly loan and you may visit their website for more details.

You don’t have to worry anymore about paying your loan on a weekly basis. Monthly loan doesn’t require any collateral as long as you can repay your loan. Bugis Credit offers convenience to borrowers and you may call them through their hotline or simply visit their website to fill up the application form.

 

Conclusion

Investments are worth paying for, but depends on how you’re going to manage your funds and also how you will choose a secured platform for investment. It will be better if you have enough knowledge of how an investment works. Just always be careful, whether you’re going to invest or get a loan, because there are so many people out there who will do everything just to scam people. So be wise in your every decision specially when handling your finances.

How Much Does It Cost to Renovate an HDB Flat in 2020?

The average price of renovating a four-room, 90-square-meter HDB flat in Singapore may cost around $55,000, according to ValueChampion. Most homes in the city-state are four-room HDB flats, so we’ll focus on them as the purpose of this article.

The Major Cost Contributors for Renovation

You should expect to spend on seven elements for renovating your apartment. These comprise demolition, plumbing, electrical, flooring and tiling, painting, carpentry and appliances. Tearing down walls to expand the space may cost $6,000 on average or $50 per foot. New plumbing installations may cost almost $900 with each bathroom and kitchen costing $270 to $400.

Electrical systems will cost $4,000 on average or up to $150 per piece. Flooring and tiling work will cost $11,625 on average, but you could spend anywhere from $8,000 to $20,000 depending on the materials. You will also need to spend between $1,000 and $1,700 for paint. Carpentry will cost from $100 and $500 per foot or $24,000 on average. New appliances such as washing machines and air-conditioning units will cost $7,500.

Based on these figures, you will save a lot of money if you trim down the need for carpentry work. Try to look for a renovation contractor with in house loan products to make it easier for you. These contractors offer the convenience of handling the project and the financing for it at the same time.

How Much Does It Cost to Renovate an HDB Flat in 2020 - Material Expenses
Material Expenses

Your choice of materials will also greatly determine the overall cost of a home renovation. If your HDB flat’s floor area measures between 100 and 140 square meters, a price difference from $5 to $10 for materials will be significant. For instance, marble flooring will cost a lot more than ceramic or tiles at $10 per square foot. That’s just the low-end price for marble floors. High-end materials can cost up to $15 per square foot.

Ceramic tiles only cost $3 per square foot on the low end. Surprisingly, high-end ceramic tiles also cost $15 per square foot. Vinyl and laminate flooring don’t seem to have drastic cost changes based on the high- to low-end price bracket. Low-end vinyl costs $6 per square foot, while the cheapest laminate flooring costs $3.5 per square foot. The price for these two materials only increases by $1 to $1.5 when you choose the high-end type.

Granite is one of the most expensive flooring materials in the market. You would have to spend $10 per square foot on the low-end type, $15 per square foot for the typical material and $20 per square foot for high-end materials. Don’t forget to include the installation cost whichever flooring material you choose for your home. The cost of labor can range from $3 per square foot to $10 per square foot depending on the material.

How Much Does It Cost to Renovate an HDB Flat in 2020 - Style of Your Flat
The Style of Your Flat

Do you want a contemporary style for your house? This style will significantly increase your budget and force you to spend $82,000. Transitional styles for flats also cost the same price. A retro-themed design is among the cheapest ones at $30,000 on average. Modern, industrial and vintage styles cost between $60,000 and $65,000 on average.

You will need to consult with an interior designer or residential architect to achieve your desired look for the house, which means additional expenses for consultancy fees. Some homeowners choose to do the work themselves and only buy the necessary materials. You will have to invest a lot of time and effort if you decide on a DIY renovation. If you need money to pay for extra labor and manpower, a renovation loan will be a better choice than applying for a personal loan.

How Much Does It Cost to Renovate an HDB Flat in 2020 -Borrow From a Renovation Loan in 2020
How Much Can You Borrow From a Renovation Loan in 2020?

It’s ideal to spend up to 20% of your home’s value for a renovation, but the amount can be too large that homeowners opt for a home renovation loan to help with the expenses. The average interest rate for home improvement loans in Singapore ranges from 5% to 5.28% depending on the loan tenure. There’s also a one-time processing fee between 1% and 2%.

When choosing between a flat rate and rest rate, you should choose the latter option. The rest rate for home renovation loans often requires you to pay interest per month, aside from the outstanding balance. This will allow you to pay off the loan more quickly due to the diminishing balance and interest. Flat rate loans are more expensive in the long term because you will pay a constant amount for monthly interest despite already repaying the principal amount.

You should apply for a loan from the bank where you have an account. The chances of approval are higher because of your business relationship with them, which can help you with getting a lower interest rate. Never apply for a personal loan because the rates are almost guaranteed to be higher. Home renovation loans use your property as collateral, while personal loans are unsecured that cause lenders to impose a higher rate.

For instance, you would only pay around $410 in interest payments for a one-year home renovation loan worth $15,000 compared to $1,170 if you applied for a personal loan. Make sure that you talk to a renovation contractor before signing a contract for financing your home development project.

Conclusion

You should make a list of the necessary renovations that can’t be ignored like plumbing problems and old electrical wiring. These should be your priority before you make aesthetic changes for your flat. If you’re struggling to gain approval for a home renovation loan from a bank, then consider borrowing money from a licensed money lender in Singapore. Click here to find out more about Bugis Credit’s competitive rates and flexible payment terms.

Monthly Loan

Monthly Loan

Unexpected emergency expenses can affect the budget of your monthly bills, especially when the payment deadline is strict. Good thing that Monthly Loan is available to pay your bills on time.

Monthly Loan is for larger amounts and for longer terms than payday loans. The payments are made in installments or monthly, hence the name. This loan is helpful for household bills, monthly dues, and prepaid plans. 

With a minimum salary of SGD1,500 for local & SGD2,000 for foreigners, you can borrow up to one month worth of your income.

Steps to Apply

Call or apply online

Call us at 6345-9123 or simply apply online here to set an appointment at your convenience.

Visit our office​

Come in for an appointment to create a customized plan that fits your needs and repayment ability.​

Finalize Loan Plan

Agree on terms, including the payments and permitted fees.

Receive Cash Instantly

Once the contract is signed, you will receive your cash loan.

Eligibility

At least 18 years old

Min. Salary of SGD1,500 for local & PR

Min. salary of SGD2,000 for foreigner

Requirements

Local and Permanent Residents

Minimum Salary SGD1,500

  • Identity card
  • Proof of residence (utility bill, a letter addressed to you, and or tenancy agreement)
  • Proof of employment (certificate of employment or recent payslip)
  • SingPass (password to log into CPF, HDB, IRAS website)

Foreigners

Minimum Salary SGD2,000

  • Passport​
  • Work permit
  • Proof of residence (utility bill or tenancy agreement)
  • Proof of employment (certificate of employment or recent payslip
  • Proof of income (bank or account statement)

Ready to get started?

Request for a quotation from our friendly officers by filling out the form below

Frequently Asked Questions (FAQs)

Prior to borrowing money, it is important to consider the list of money lending companies registered with the Ministry of Law, to verify its legitimacy.

At Bugis Credit Pte Ltd you can be confident that you can get a fair amount of interest rates, as it adheres with the law. It offers flexible repayment terms suitable for the borrower’s budget and capability.

The amount of money you can loan varies depending on the requirement and qualification. Here’s the list of loanable amount A1 Credit offers:

  • Foreigner Loan – Up to SGD10,000
  • Payday Loan – Up to one month’s worth of income
  • Personal Loan – SGD $500 to $50000
  • Business Loan – SGD $10,000 to $200,000
  • Monthly Loan – Up to one month’s worth of income



According to the Ministry of Law, if a borrower fails to repay the loan on time, the maximum rate of late interest a moneylender can charge is 4% per month for each month the loan is repaid late.

All moneylenders are only permitted to impose the following charges and expenses:

  • a fee not exceeding $60 for each month of late repayment.
  • a fee not exceeding 10% of the principal of the loan when a loan is granted.
  • legal costs ordered by the court for a successful claim by the moneylender for the recovery of the loan.

The total charges imposed by a moneylender on any loan, consisting of interest, late interest, upfront administrative and late fee also cannot exceed an amount equivalent to the principal of the loan.

You can verify if a moneylender is licensed by checking this list by the Ministry of Law.

Under the advertising rules, licensed moneylenders are permitted to advertise only through these three channels:

  1. Business or consumer directories (in print or online media)
  2. Websites belonging to the moneylender

If you receive flyers, SMSes, emails or other forms of advertisements, these would be from either licensed moneylenders operating in violation of the rules, or unlicensed moneylenders.

You are advised to seek clarifications on specific terms of the loan contract before signing up with a licensed moneylender, and not to rely solely on the content of advertisements from the moneylender.

You should ensure that:

  • You understand your responsibilities as a surety;
  • You receive a copy of the Note of Contract at the time that the loan is granted to the borrower;
  • The moneylender has explained the terms in the Note of Contract in a language that you understand; and
  • The moneylender does not keep your NRIC card or any other personal ID documents (e.g.driver’s licence, passport).
  • The moneylender does not acquire any information that contains passwords to your user accounts (e.g. Singpass account, Internet banking account, email account).
  • Make sure the moneylender delivers to you the correct principal amount of the loan. The moneylender is only permitted an upfront deduction of a loan approval fee of up to 10% of the principal amount.
  • Pay the loan installments on time to avoid incurring late payment fees and late interest.
  • Make sure the moneylender issues to you a receipt every time you make any repayment towards your loan, and check it for correctness (e.g. name, amount, date).
  • Make sure you receive a statement of account for all your loan(s) at least once every January and July, and check it for correctness (e.g. name, amount, date); and
  • You should retain all statement of accounts and receipts of payments, as documentation and evidence of payments.

Business Loan

Business Loan

Are you a small to medium enterprise (MSES) in need of some cash to get you started or to keep your business afloat? Then this loan is for you

Business Loan can help ensure that business has sufficient assets to cover operational costs. This loan can help businesses improve current operations, upgrade technologies, and expand footprint in Singapore or in other countries. 

With a minimum annual revenue of SGD60,000, entrepreneurs can borrow SGD $10,000 to $200,000

Steps to Apply

Call or apply online

Call us at 6345-9123 or simply apply online here to set an appointment at your convenience.

Visit our office​

Come in for an appointment to create a customized plan that fits your needs and repayment ability.​

Finalize Loan Plan

Agree on terms, including the payments and permitted fees.

Receive Cash Instantly

Once the contract is signed, you will receive your cash loan.

Eligibility

Business or company must be registered in Singapore

Must be operational for at least one year

Minimum annual revenue of SGD60,000

Requirements

  • List of directors and partners
  • Recent information report (Business Profile) from the Accounting & Corporate Regulatory Authority (ACRA)
  • Recent Income tax assessment notice (both personal & from the company)
  • Recent financial statement
  • Recent invoices or business contracts
  • Recent utility bills under the company name
  • Recent 6-month bank statements
  • List of assets owned by the company, directors & partners (if any)

Ready to get started?

Request for a quotation from our friendly officers by filling out the form below

Frequently Asked Questions (FAQs)

Prior to borrowing money, it is important to consider the list of money lending companies registered with the Ministry of Law, to verify its legitimacy.

At Bugis Credit Pte Ltd you can be confident that you can get a fair amount of interest rates, as it adheres with the law. It offers flexible repayment terms suitable for the borrower’s budget and capability.

The amount of money you can loan varies depending on the requirement and qualification. Here’s the list of loanable amount A1 Credit offers:

  • Foreigner Loan – Up to SGD10,000
  • Payday Loan – Up to one month’s worth of income
  • Personal Loan – SGD $500 to $50000
  • Business Loan – SGD $10,000 to $200,000
  • Monthly Loan – Up to one month’s worth of income



According to the Ministry of Law, if a borrower fails to repay the loan on time, the maximum rate of late interest a moneylender can charge is 4% per month for each month the loan is repaid late.

All moneylenders are only permitted to impose the following charges and expenses:

  • a fee not exceeding $60 for each month of late repayment.
  • a fee not exceeding 10% of the principal of the loan when a loan is granted.
  • legal costs ordered by the court for a successful claim by the moneylender for the recovery of the loan.

The total charges imposed by a moneylender on any loan, consisting of interest, late interest, upfront administrative and late fee also cannot exceed an amount equivalent to the principal of the loan.

You can verify if a moneylender is licensed by checking this list by the Ministry of Law.

Under the advertising rules, licensed moneylenders are permitted to advertise only through these three channels:

  1. Business or consumer directories (in print or online media)
  2. Websites belonging to the moneylender

If you receive flyers, SMSes, emails or other forms of advertisements, these would be from either licensed moneylenders operating in violation of the rules, or unlicensed moneylenders.

You are advised to seek clarifications on specific terms of the loan contract before signing up with a licensed moneylender, and not to rely solely on the content of advertisements from the moneylender.

You should ensure that:

  • You understand your responsibilities as a surety;
  • You receive a copy of the Note of Contract at the time that the loan is granted to the borrower;
  • The moneylender has explained the terms in the Note of Contract in a language that you understand; and
  • The moneylender does not keep your NRIC card or any other personal ID documents (e.g.driver’s licence, passport).
  • The moneylender does not acquire any information that contains passwords to your user accounts (e.g. Singpass account, Internet banking account, email account).
  • Make sure the moneylender delivers to you the correct principal amount of the loan. The moneylender is only permitted an upfront deduction of a loan approval fee of up to 10% of the principal amount.
  • Pay the loan installments on time to avoid incurring late payment fees and late interest.
  • Make sure the moneylender issues to you a receipt every time you make any repayment towards your loan, and check it for correctness (e.g. name, amount, date).
  • Make sure you receive a statement of account for all your loan(s) at least once every January and July, and check it for correctness (e.g. name, amount, date); and
  • You should retain all statement of accounts and receipts of payments, as documentation and evidence of payments.

Foreigner Loan

Foreigner Loan

Working or studying in another country? In times of financial crises, know that you’ve got a friend in us.

Temporary or permanent expatriates staying in Singapore can avail of the Foreign Loan to support their medical services, visa issues, house rentals, or whatever needs may arise in times of financial difficulties. With a minimum of SGD2,000, foreigners can borrow up to SGD10,000.

Steps to Apply

Call or apply online

Call us at 6345-9123 or simply apply online here to set an appointment at your convenience.

Visit our office​

Come in for an appointment to create a customized plan that fits your needs and repayment ability.​

Finalize Loan Plan

Agree on terms, including the payments and permitted fees.

Receive Cash Instantly

Once the contract is signed, you will receive your cash loan.

Eligibility

At least
18 years old

Min. Salary
SGD2,000

Requirements

Minimum Salary SGD2,000

  • Passport​
  • Work permit
  • Proof of residence (utility bill or tenancy agreement)
  • Proof of employment (certificate of employment or recent payslip
  • Proof of income (bank or account statement)

Ready to get started?

Request for a quotation from our friendly officers by filling out the form below

Frequently Asked Questions (FAQs)

Prior to borrowing money, it is important to consider the list of money lending companies registered with the Ministry of Law, to verify its legitimacy.

At Bugis Credit Pte Ltd you can be confident that you can get a fair amount of interest rates, as it adheres with the law. It offers flexible repayment terms suitable for the borrower’s budget and capability.

The amount of money you can loan varies depending on the requirement and qualification. Here’s the list of loanable amount A1 Credit offers:

  • Foreigner Loan – Up to SGD10,000
  • Payday Loan – Up to one month’s worth of income
  • Personal Loan – SGD $500 to $50000
  • Business Loan – SGD $10,000 to $200,000
  • Monthly Loan – Up to one month’s worth of income



According to the Ministry of Law, if a borrower fails to repay the loan on time, the maximum rate of late interest a moneylender can charge is 4% per month for each month the loan is repaid late.

All moneylenders are only permitted to impose the following charges and expenses:

  • a fee not exceeding $60 for each month of late repayment.
  • a fee not exceeding 10% of the principal of the loan when a loan is granted.
  • legal costs ordered by the court for a successful claim by the moneylender for the recovery of the loan.

The total charges imposed by a moneylender on any loan, consisting of interest, late interest, upfront administrative and late fee also cannot exceed an amount equivalent to the principal of the loan.

You can verify if a moneylender is licensed by checking this list by the Ministry of Law.

Under the advertising rules, licensed moneylenders are permitted to advertise only through these three channels:

  1. Business or consumer directories (in print or online media)
  2. Websites belonging to the moneylender

If you receive flyers, SMSes, emails or other forms of advertisements, these would be from either licensed moneylenders operating in violation of the rules, or unlicensed moneylenders.

You are advised to seek clarifications on specific terms of the loan contract before signing up with a licensed moneylender, and not to rely solely on the content of advertisements from the moneylender.

You should ensure that:

  • You understand your responsibilities as a surety;
  • You receive a copy of the Note of Contract at the time that the loan is granted to the borrower;
  • The moneylender has explained the terms in the Note of Contract in a language that you understand; and
  • The moneylender does not keep your NRIC card or any other personal ID documents (e.g.driver’s licence, passport).
  • The moneylender does not acquire any information that contains passwords to your user accounts (e.g. Singpass account, Internet banking account, email account).
  • Make sure the moneylender delivers to you the correct principal amount of the loan. The moneylender is only permitted an upfront deduction of a loan approval fee of up to 10% of the principal amount.
  • Pay the loan installments on time to avoid incurring late payment fees and late interest.
  • Make sure the moneylender issues to you a receipt every time you make any repayment towards your loan, and check it for correctness (e.g. name, amount, date).
  • Make sure you receive a statement of account for all your loan(s) at least once every January and July, and check it for correctness (e.g. name, amount, date); and
  • You should retain all statement of accounts and receipts of payments, as documentation and evidence of payments.

Payday Loan

Payday Loan

Short on money? Cash advance your salary with us and just pay back on your next earnings.

Payday Loan is a short-term loan that provides employed individuals with immediate funds until they receive their next paycheck. provides employed individuals with immediate funds until they receive their next paycheck. This type of loan can help you pay your urgent bills or settle your monthly dues. With a minimum salary of SGD1,500 for local & SGD2,000 for foreigners, you can borrow up to one month worth of your income.

Steps to Apply

Call or apply online

Call us at 6345-9123 or simply apply online here to set an appointment at your convenience.

Visit our office​

Come in for an appointment to create a customized plan that fits your needs and repayment ability.​

Finalize Loan Plan

Agree on terms, including the payments and permitted fees.

Receive Cash Instantly

Once the contract is signed, you will receive your cash loan.

Eligibility

At least 18 years old

Min. Salary of SGD1,500 for local & PR

Min. salary of SGD2,000 for foreigner

Requirements

Local and Permanent Residents

Minimum Salary SGD1,500

  • Identity card
  • Proof of residence (utility bill, a letter addressed to you, and or tenancy agreement)
  • Proof of employment (certificate of employment or recent payslip)
  • SingPass (password to log into CPF, HDB, IRAS website)

Foreigners

Minimum Salary SGD2,000

  • Passport​
  • Work permit
  • Proof of residence (utility bill or tenancy agreement)
  • Proof of employment (certificate of employment or recent payslip
  • Proof of income (bank or account statement)

Ready to get started?

Request for a quotation from our friendly officers by filling out the form below

Frequently Asked Questions (FAQs)

Prior to borrowing money, it is important to consider the list of money lending companies registered with the Ministry of Law, to verify its legitimacy.

At Bugis Credit Pte Ltd you can be confident that you can get a fair amount of interest rates, as it adheres with the law. It offers flexible repayment terms suitable for the borrower’s budget and capability.

The amount of money you can loan varies depending on the requirement and qualification. Here’s the list of loanable amount A1 Credit offers:

  • Foreigner Loan – Up to SGD10,000
  • Payday Loan – Up to one month’s worth of income
  • Personal Loan – SGD $500 to $50000
  • Business Loan – SGD $10,000 to $200,000
  • Monthly Loan – Up to one month’s worth of income



According to the Ministry of Law, if a borrower fails to repay the loan on time, the maximum rate of late interest a moneylender can charge is 4% per month for each month the loan is repaid late.

All moneylenders are only permitted to impose the following charges and expenses:

  • a fee not exceeding $60 for each month of late repayment.
  • a fee not exceeding 10% of the principal of the loan when a loan is granted.
  • legal costs ordered by the court for a successful claim by the moneylender for the recovery of the loan.

The total charges imposed by a moneylender on any loan, consisting of interest, late interest, upfront administrative and late fee also cannot exceed an amount equivalent to the principal of the loan.

You can verify if a moneylender is licensed by checking this list by the Ministry of Law.

Under the advertising rules, licensed moneylenders are permitted to advertise only through these three channels:

  1. Business or consumer directories (in print or online media)
  2. Websites belonging to the moneylender

If you receive flyers, SMSes, emails or other forms of advertisements, these would be from either licensed moneylenders operating in violation of the rules, or unlicensed moneylenders.

You are advised to seek clarifications on specific terms of the loan contract before signing up with a licensed moneylender, and not to rely solely on the content of advertisements from the moneylender.

You should ensure that:

  • You understand your responsibilities as a surety;
  • You receive a copy of the Note of Contract at the time that the loan is granted to the borrower;
  • The moneylender has explained the terms in the Note of Contract in a language that you understand; and
  • The moneylender does not keep your NRIC card or any other personal ID documents (e.g.driver’s licence, passport).
  • The moneylender does not acquire any information that contains passwords to your user accounts (e.g. Singpass account, Internet banking account, email account).
  • Make sure the moneylender delivers to you the correct principal amount of the loan. The moneylender is only permitted an upfront deduction of a loan approval fee of up to 10% of the principal amount.
  • Pay the loan installments on time to avoid incurring late payment fees and late interest.
  • Make sure the moneylender issues to you a receipt every time you make any repayment towards your loan, and check it for correctness (e.g. name, amount, date).
  • Make sure you receive a statement of account for all your loan(s) at least once every January and July, and check it for correctness (e.g. name, amount, date); and
  • You should retain all statement of accounts and receipts of payments, as documentation and evidence of payments.

What Every First-Time Grab Taxi Driver Loan in Singapore Should Know

GrabTaxi has changed the dynamics of public transportation in Singapore that it has become a lucrative part-time job.

One person even reportedly earned more than $12,000 in just five weeks of being a private-hire driver, so it’s possible to earn more or less the same amount if you sign up as a GrabTaxi driver.

If you’re looking for loans designed for those who work for GrabTaxi, Singapore has several licensed money lenders where you can apply for a hassle-free personal Grab Taxi loan. You can even get the money in as fast as 30 minutes with complete documents.

How Can You Apply for a Grab Taxi Driver Loan?

Bugis Credit Application for Grab Taxi Loan

Licensed money lenders in Singapore are the best option for GrabTaxi drivers, especially for those without credit histories. Banks will require you to have at least 12 months of payment history to determine your creditworthiness.

You don’t have to worry about having no credit score if you submit the following documents to a licensed moneylender: NRIC card, taxi driver’s vocational license (TDVL), taxi pass, at least seven days of job summaries, car rental contract, proof of income (e.g. driver commissions and salaries), proof of billing address and your income for 2019.

How Does GrabTaxi Work?

Bugis Credit How Does GrabTaxi Work

Once you get the money, the next thing to do involves being aware of GrabTaxi’s system. Current taxi drivers can still sign up for the system even if they are under contract with an existing fleet operator.

The Land Transportation Authority allows Grab to operate as a third-party taxi booking app in Singapore, so there should be no problem if you work as a part-time GrabTaxi driver.

Interested parties should also apply for a TDVL, which will be handy in case you decide to switch from GrabTaxi to a private-hire driver. You can apply for a TDVL when you are at least 30 years old with a valid Class 3 or 3A driver’s license for 12 months in Singapore.

Those who don’t meet the age requirement will have to apply for a private-hire car driver’s vocational license (PDVL), which will require them to have valid Class 3, 3A, 3C, or 3CA driver’s license for two years up to the time of application.

The course fee for a TDVL costs $294.25. You can use your SkillsFuture credits to pay up to $240.75 of the price. The course will have two sessions of eight hours each for two days.

You need to pass three one-hour exams that will test your knowledge on service quality, health and safety; taxi and private hire car rules and regulations; and route planning.

PDVL courses cost $155.15 with up to $128.40 being SkillsFuture claimable. You need to attend an eight-hour session for one day and pass two exams about service quality, health and safety, and taxi and private hire car rules and regulations.

How Much Can You Earn?

Bugis Credit How Much Can You Earn

A private-hire or GrabTaxi driver in Singapore can earn as much as they want, although the limitless income demands a lot of your time. One person who earned more than $12,000 in five weeks had to work between 12 and 14 hours for six days each week.

Private-hire drivers can earn $30 per hour on average during peak travel hours and $25 per hour on average at off-peak hours.

Take note that the hourly rate refers to your gross earnings. The actual amount will depend after you deduct the expenses from fuel, parking fees, electronic road pricing and other miscellaneous costs.

GrabTaxi drivers should also account for the rental vehicle fees when they create a target income figure. Taxi operators in Singapore charge from $75 to $105 per day on average for renting out their vehicles, while diesel expenses cost between $30 and $50 per day.

This means that you must earn at least $105 daily just to break even with the recurring fees.

GrabTax and private-hire drivers, however, can deduct their expenses on diesel, parking, rental vehicles, and vocation license fees worth up to 60% of their taxable income.

The 60% deemed expense on taxes is applicable to anyone whether they work part-time or full-time drivers

Beware of Fraudulent and Illegal Money Lenders

Bugis Credit - beware of fraud of any Grab Taxi loan

Don’t fall for unscrupulous individuals who promise to lend money without the need to submit documents. This might seem attractive, but you could be dealing with a loan shark.

If you need money to pay for your vocational license and other fees for signing up with Grab, a licensed money lender remains the best way to do so.

Illegal money lenders trick people, especially those who are desperate, into borrowing money from them. Some of them will not require you to sign a document, which is already a red flag for borrowers.

Loan sharks sometimes don’t have a signed contract with you because they know that it’s illegal for them to charge sky-high interest rates. Licensed money lenders are not allowed to charge more than a 4% rate every month, unlike illegal lenders’ rates that can reach up to 20%.

The absurd charges make it almost impossible to repay your loan with them. Loan sharks want you to be trapped in an endless cycle of debt payment and when you’re unable to pay your dues, they won’t think twice of resorting to harassment and violence.

Conclusion

Being a GrabTaxi driver in Singapore can be a lucrative part-time job, but you need to take all expenses into account to earn a decent salary. Licensed money lenders won’t use force or unethical practices.

The Monetary Authority of Singapore and the Ministry of Law bound them to comply with regulatory standards, particularly for debt collection.

Always check the Registry of Moneylenders to determine the legitimacy of a licensed money lender. Click here to know more about Bugis Credit’s loan products and we’ll help you with choosing the right one.

5 Ways to Earn Up to $3,000 From Side Gigs in Just 1 Month

Are you constantly living from paycheck to paycheck? Perhaps you like to earn more money and save for emergencies? The gig economy has been flourishing in recent years thanks to the advent of social media and the Internet.

While there are lots of jobs to choose from, some of us want to earn more in less time. Here are five simple ways to earn money even with a full-time job. Some of them can even turn a profit of up to $3,000 in just one weekend!

Take Out Your Camera and Learn Photography

Those who are fond of snapping photos and love taking them from different angles should consider a part-time job as a photographer. The pay varies depending on your experience and type of photos. Novice photographers can earn at least $5 to $10 per project for passport-size pictures. Photo-editing services start at $0.5 per photo for beginners.

Headshots are more lucrative with prices ranging up to $100 per project, and that’s just for newbie photographers. Amateur photographers usually charge at least $100 per hour for photoshoots and $150 per day to work as an assistant. Once you establish a loyal customer base, you can take part in the wedding photography business. Professionals in this field earn up to $3,000 per project. If you like to teach, you can charge up to $500 per student.

Another easy way to earn more in a short time requires you to sign up for photography contests. Make sure you have the best photos in your portfolio and earn up to $2,500 for each competition.

Get a License as a Personal Trainer

Gym enthusiasts might as well profit from the time they spend at fitness centers. You can apply as a personal trainer during weekends, when demand seems to be higher and therefore have more need for trainers. You don’t need to have a perfectly sculpted body to become a legitimate trainer, but it helps to maintain a good physique. There’s no better way to achieve this than hitting the gym and earn money at the same time.

Personal trainers earn between $75 and $150 per hour. If you work at least four hours per day during weekends, you can earn up to $1,200 in a month or even more when you work on holidays. You must have a Certified Personal Trainer qualification before you can accept clients. Other certifications can improve your competency and your professional fee.

Be a Freelance Tour Guide

Bugis Credit Pte Ltd Be a Freelance Tour Guide

A tourist guide probably has more consistency in earning money than other side gigs, due to the steady flow of tourists from around the world. Millions of foreigners visit the country each year with the number sometimes exceeding more than three times the local population.

You should have an extensive experience in staying at different places in Singapore to boost your qualifications, which can include expertise on the best dining spots and shopping centers across the mainland. Freelance tour guides earn from $80 to $150 per hour. Anyone can become a tour guide with the right attitude, personality and knowledge on as many things as possible about Singapore.

Get Rid of Your Old Items

Carousell is one of the places for owners to eliminate old items and exchange them for cash. The amount that you can earn depends on the value of items. The general rule for this: the harder it is to find an item anywhere, the higher the price tag. Limited-edition books, vintage electronics and collector’s items are some of the examples of rare products.

You can even sell your car in Carousell, which can turn into a sizeable profit if you set the right price. Online sellers should expect buyers to haggle on the listed price, so the best way to earn money will involve a price markup before selling the item to offset a likely lower price offered by customers.

Practice Your Public Speaking Skills

Bugis Credit Pte Ltd Practice Your Public Speaking Skills

Do you always volunteer to be the emcee for special occasions like weddings and birthdays? An events host can earn from $100 per hour, which can easily turn into thousands if you accept multiple gigs in a month. Some experienced emcees even earn five-figure salaries just by getting on the stage and speaking in front of a large audience.

This type of side hustle works best for people who aren’t shy. Those who are just starting their freelance stint as a host can charge a lower rate, possibly $50 for two hours. You can market yourself to more events (not just birthdays or weddings) and build a wider network to earn more money.

What You Should Do Before Choosing a Side Gig

Build a strong online presence to reach your target audience. Social media accounts will be your best resources for advertising your services. Don’t expect to earn a lot in your first month, as your rate gradually increases once you have more connections and clients.

You should also maintain a website to make it easier for potential clients to see your portfolio, especially if you plan to be a photographer or events host. If you’re having trouble with finding clients, you can start by asking friends to refer you to their connections. You shouldn’t offer your service for free when you’re particularly good at it.

Conclusion

There’s no quick and easy way on how to earn money in Singapore. A side sig requires determination and discipline before it can become lucrative. If you need money to jumpstart your freelance career, you should consider applying for a personal loan (e.g. for buying photography equipment). Licensed money lenders such as Bugis Credit offer competitive rates and flexible payment terms. Call us today and find out more about our services.