Licensed Moneylender Personal Loan Orchard
Also tagged as Asia’s most famous shopping area, Orchard Road is well-known for its endless shopping malls. It is where digital tech shops, fashion stores, and a variety of entertainment facilities are seen. You can also enjoy different cuisines from all over the world with its wide food trail.
For a different kind of trip, near the Dhoby Ghaut MRT is where the current Singapore President, Halima Yacob, resides. People can also visit the oldest and one of the most prominent museums in Singapore, the National Museum of Singapore.
Within walking distance at Orchard Road, visitors can also check Singapore Art Museum and the Istana Heritage Gallery. Fort Canning, which is home to an underground military complex used in World War II, cannot be missed as well.
Types of Loans
There are a variety of loans that borrowers can select depending on their financial situation. Rest assured, Bugis Credit can offer assistance to meet people’s needs. Listed below are the different types of loans you can consider.
This is a loan borrowed from a bank, credit union, or a moneylender that you pay back in fixed monthly payments, or installments. It is unsecured and is not backed by collateral. It’s usually the best option to dip into your savings or emergency fund to cover unexpected expenses, however, it can be an ideal option for non-discretionary purposes, like debt consolidation.
This can be an unsecured loan, meaning borrowers are not required to offer any assets as collateral. It provides small business owners with a lump sum they must pay back over time, and with interest.
Also called a cash advance loan, this short-term loan is helpful if you can’t wait for your pay day to settle the looming monthly bills. The loan amount is up to one month of the borrower’s salary and should be paid back within a month. Interest rate, like other personal loans, is also capped up to 4%.
This is also called a monthly installment loan which is for larger amounts and longer terms than a payday loan. Each monthly repayment will also include a portion of the principal amount borrowed and the interest. This type of loan allows borrowers to extend their budget to accommodate emergencies like paying off hospital bills, a dream holiday or any unexpected expense.
All foreigners holding a valid Singapore Work Pass are eligible to apply for this type of loan from Bugis Credit and other banks. To be eligible for this loan you must be 18 years old and above and must be employed with valid documents. Submitting a residential tenancy agreement, bank statement, and three months’ recent payslip is also necessary given the rules and regulations.
Normally, if a foreigner’s annual income is above $10,000 but less than $20,000, the maximum loan amount Bugis Credit can provide is $3,000. If the annual income goes above $20,000, six times the monthly income of the borrower can be offered.
How Can Bugis Credit Help You?
Bugis Credit has been in the business for over a decade and has ensured great service to its customers ever since.
Among a variety of lenders, it’s assured we are registered under the Ministry of Law which guarantees our appropriate procedure of moneylending experience for those in need.
With Bugis Credit, we can promise the best assistance for your financial concerns in an instant also without hidden fees.
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