One of the best places to get lost in Singapore is Aljunied. Even if you’re not using any maps application, you’ll stumble upon something great to do during your vacation. If it’s not the Bowling and Ice-Skating Rink at Kallang Leisure Park in Aljunied that grabs your fancy, you’ll likely go for a food crawl, or even give water sports a try at the OCBC Square’s Water Sports Centre.
Whichever you choose to do in Aljunied, you’ll want to have some extra cash handy on your person. If you’re looking for a dependable lender, you can always trust licensed moneylenders from Singapore for instant cash loans.
Different Kinds of Loans You Can Get From Licensed Moneylenders
Singapore’s licensed moneylenders have earned their permit to provide money services to Singaporeans and foreigners. Additionally, the Ministry of Law oversees all its activities and regulation. Truthfully, licensed moneylenders bridge the gap for borrowers who can’t use the high minimum loan amounts banks have.
Licensed moneylenders offer the following services:
1. Personal loan
You can use a personal loan for any purpose. If you can provide supporting documents that prove your eligibility in income, employment, and residence, you can get your personal loan accounts on the same day or even in an hour.
2. Monthly loan
Most monthly loans are term financing you can apply for and receive from licensed moneylenders. They can function similarly as personal loans or have different set terms, which you can repay by monthly installment until the loan is closed.
3. Foreigner loan
Most foreign workers in Singapore have limited financing options from banks. Additionally, financial institutions are notoriously stringent with their foreign loan requirements. With licensed moneylenders, they will only contend with additional requirements but still get their financing on the same day or an hour when they submit it.
4. Business loan
Singaporeans with a plan for expanding their business can use the ample financial reserves of licensed moneylenders. Unlike banks, moneylenders can release your business loan if they’re satisfied with your business plan.
5. Payday loan
If your employer missed your payday, you could use a payday loan to bridge the gap. Singaporean freelance workers find payday loans beneficial because of their unnatural payment periods, allowing them to keep down potentially ballooning utility bills and other dues.
Advantages of Working with Bugis Credit
1. No Credit Scores Necessary
When you work with Bugis Credit, you’re not only working with a licensed moneylender that has more than ten years of experience. We use your current income and residence information when evaluating your loan application. Your credit history will have no effect on your chances for loan approval.
2. Same Day Loan Approval and Release
If you can fulfill all your requirements on the same day of your application, you can get your loan approved and released within an hour too.
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