It has been scientifically proven that the mere sight and sound of water flowing freely can improve one’s wellness. So if you’re an ex-pat and want to take a break from the hustle and bustle of the city, Punggol Waterway Park is highly recommended.
Don’t let lack of funds get in the way of fun. Did you know that there are personal loans designed for foreigners living and working in Singapore?
What is a Foreigner Loan and How Does It Work?
Foreigner loan is a kind of loan designed for foreigners living and working in Singapore. It’s an attempt to make money lending affordable and accessible for everyone.
With Bugis Credit, all eligible borrowers are allowed to take out its full roster of personal loan, business loan, payday loan and all kinds of financing assistance that can help foreigners with their financial needs.
Advantages of taking out loans from licensed moneylenders
Lack of records is one of the major reasons why foreigners are finding it hard to borrow funds from financial institutions. Thankfully, the continuous effort of the authorities to make money lending easier and safe has finally paid off.
Here are the benefits of taking out loans from moneylenders:
- Credit score isn’t a big deal: Unlike banks that require good credit score standing, your score won’t be much of a problem when applying for loans from a licensed moneylender.
- Capped interest fee: Another thing that makes borrowing from moneylenders safe, is the active participation of the Registry of Moneylender in monitoring the fees. As stated in the Moneylenders Act, licensed moneylenders can only charge a maximum of 4% interest fee per month.
- Fast approval: With licensed moneylender, you can get the approval as soon as you are able to provide all of the requirements and have proven your capacity to repay the loan within the agreed loan terms.
How to apply?
- Call or Online: Technology has made the business of money lending easier. You may opt to apply online or you may call them at 6345-9123 to set an appointment.
- Give us a visit: It’s a requirement for licensed moneylenders to have a physical office, and all transactions should be made face-to-face. Visit our office so we may create a loan plan suitable for your needs.
- Finalize loan plan: After learning all the terms of the loan, our agent will help you finalize your loan plan and disclose all the possible fees that may arise.
- Receive the loan: Once you’ve signed the complete loan contract, you will immediately receive your cash!
How can Bugis Credit help you?
Because we understand the struggle of working overseas, we, at Bugis Credit, are committed to improving the financial situation of foreigners living in one of the most expensive cities in the world.
Don’t be hard on yourself and take the day off you deserve. Singapore personal loan is everywhere; make sure to transact with a licensed moneylender like Bugis Credit.
List of Licensed Money Lender Near Me
Licensed Money Lender
Ang Mo Kio
Choa Chu Kang
Yio Chu Kang
Ready To Get Your Loan?
Request for a quotation from our friendly officers by filling out the form below