Payday Loan – Loan Advisor: Compare Loans in Singapore

How to Apply Today?

Here at Loan Advisor, we hate hassle – which is why we want to make your payday loan matchmaking experience as straightforward as possible. Find the most competent payday loan Singapore to suit you in three easy steps:

Step 1:
Submit a Payday Loan Enquiry Form to Loan Advisor

Simply share your expectations of the loan amount, tenor, and interest rates in a simple form, click submit then sit back and relax.

Step 2:
Receive and compare up to three loan offers

Within five minutes or less, we’ll scan suitable loan offers and amounts from more than 150 loan providers in Singapore and send you the three best quotes.

Step 3:
Drop by to your prefer loan providers office to sign the paperwork

Select your perfect match and arrange a quick slot with the lender to finalize and sign any necessary legal documents.

Payday Loan Key Features

1. What Are Payday Loans?

Payday loans are a short-term loan which you need to pay within a short period of time. Some even call this type of loan as a cash advance. Just like personal loans, you can get this type of loan within an hour or 24 hours from moneylenders. Borrowers only need to bring in a few documents as part of their requirements and the approval process is not as strict as compared to other loans.

2. Who is eligible?

If you wish to apply for a payday loan, you must be currently employed for a year. If you are a new worker and have worked for 6 months already with your company, you can show your certificate of employment. Aside from your employment details, you do need to pass your other requirements like your ID and income documentation.

3. What is the difference of a payday loan and a personal loan?

The major difference between a payday loan and a personal loan is the fact the borrower can pay the loan immediately a day after they got their paycheck. As a result, the loan term is very short and it will be until your next paycheck. It will be easy to remember and you do not have to worry about high-interest fees.

Simple, straightforward and hassle-free

Finding the fittest payday loan with the lowest processing fees and loan interest rates couldn’t be easier. Try out our handy Loan Calculator to see how much you could borrow – and at what interest rate.

Better yet, follow our quick and easy three-step loan application process today and claim your personal cash ASAP. It really is as simple as that.

What is the Benefits of Payday Loan?

If you do not want to apply for a personal loan, getting a payday loan is the next best thing to get. You could easily get obtain the loan just like a regular personal loan without having to worry about the strict screening process. You also do not need to place down a guarantee to be able to apply. If you need a flexible payment plan, moneylenders offer flexible plans that would match your need. Just make sure you tell them what you need and they will adjust the loan term for you.

For example, you can pay your loan with a fixed monthly payment when your next paycheck arrives. You can also sort out the payment in flexible dates as you could. Moneylenders also offer payday loans with good interest rates, so even those who are high earners can avail it.

1. Flexible

Payday loans are also quite flexible as compared to other types of loans. Since it is not a long-term loan, you can easily pay off your loan easily once you get your paycheck. As a result, you do not have to worry about debts throughout the year or the next. Moneylenders also offer flexible terms to make it easier for you to pay the loan.

When you understand every aspect of the loans, it will help you reduce loan costs once you pay off your loans early. If you pay it for longer, the interest rate would balloon and the more you need to pay off the interest fees.

2. Revive Credit Scores

What is the Risks of Payday Loans?

Unfortunately, payday loans do come with some setbacks that you must be aware of before you try applying for one.

First of all, payday loans have very high-interest rates which are more expensive than standard loans. Although the loan has a short term, you still need to pay the interest rate prescribed. As a result, you will need to pay more than the original amount you should be paying when you get your paycheck.

Second, there is a risk that you will put yourself in a cycle considering how paychecks are scheduled and work. When you borrow a loan and pay off your loan, you may end up having to borrow again to pay off your next month’s pay. It may be difficult to get rid of this cycle altogether.

Finally, just like other loans, you need to pay your payday loans on time because they will still mark your payments if they are late in your credit record. When they do this, other lenders would also see it.

Just like other loans, you must think carefully if payday loans are the right type of loan for you and where you should apply for one. You must also determine how to use it properly and if you are able to pay it immediately once you get paid because it comes with a very high late payment and interest fees.

Be a responsible borrower and make sure that you are 100% sure before sending your loan application! Good luck!

The Biggest Benefits of Using Loan Advisor

Loan Advisor takes the pain out of shopping around for the best loans with low rates, fees, and flexible tenors. With our three-step search and application process you can:

Receive loan approval within five minutes or less

We help you to bypass lengthy bank checks by bringing you amazing deals from licensed money lenders with faster approval processes.

Save valuable time online

Our service will only ever connect you with trusted loans from respected money lenders that are fully licensed by the Ministry of Law. We search and compare deals from more than 150 tried and tested lenders.

Secure a deal with a top licensed money lender

Avoid the hassle of loan applications

Let’s face it, looking for loans during periods of financial difficulty is stressful and filling in endless applications is annoying. Just tell Loan Advisor what amount you need, and we’ll send you three suitable, no-obligation quotes.

Why Choose Loan Advisor?

Loan Advisor is a completely free loan comparison and matchmaking service with an unrivaled reputation across Singapore. We empower busy borrowers to make better financial decisions quickly and efficiently. We do this by matching our customers to the best low-interest loans that meet their unique borrowing needs.

We firmly believe that taking out a loan should be as fast and straightforward as can be, which is why we compare loan quotes from not one, two, or three but 150+ licensed money lenders in Singapore to find the perfect loan to suit you.

Our reputation is second to none, with several five-star Google reviews from happy customers – and even more great reviews on our website. We’re the most trusted loan comparison site in Singapore.

Here at Loan Advisor, we have the knowledge, experience, and connections to put you in touch with the best loans Singapore has available. What’s more, we’ll handle your personal data with strict confidentiality and won’t charge you a cent for using our award-winning loan matchmaking service! So, what are you waiting for?

Find Your Perfect Payday Loan Right Now

Great loan deals don’t last forever and aren’t always easy to find on your own – especially if you’re looking for the best interest rates. Why waste time scouring the web for suitable loans when Loan Advisor can compare the most solid payday loans Singapore has to offer in the blink of an eye?

Frequently Asked Questions

If you still have questions about payday loans, Loan Advisor has the answers. Check out our helpful FAQs below.

What is a payday loan?

For those who are employed and need quick funds, payday loans are recommended to get because you can apply for it by showing your monthly income or salary. You will be able to pay your monthly dues on time even if you do not have enough money to pay for them. Simply pay off the loan when your payday comes and everything will go smoothly from there.

Get the Best Payday Loan Offer in Singapore 2022!