Licensed Money Lender
Personal Loan Buona Vista

The estate’s geographical position provides its residents with great natural views. Other attractions in the area include nature parks teeming with wildlife, historical infrastructure, an e-sports arena, cafes and restaurants, shopping outlets, etc. 

But moving and settling into Buona Vista may prove costly, which is why you should explore your loan options.

How to Identify a Licensed Money Lender?

Your loan application experience will depend on the kind of money lender that you choose to work with. If you find a reputable licensed money lender then you will have a smooth experience. One way to find the kind of creditor that you need is by checking out the ratings and reviews on comparison sites. 

Here’s how to use those sites to identify a good moneylender:

• A reputable money lender will have high ratings. Usually, lenders are ranked using stars. Highly rated lenders have more stars. So, sort your money lenders based on ratings from the highest-rated to the lowest to reduce your research work.
• Ratings alone don’t matter where the selection of money lenders is concerned. The reviews, which show what previous clients think, count. Read carefully about what they say. Watch out for complaints. By paying attention to the reviews, you will learn about the loan process, how fast it is, whether the terms and conditions of loans on offer are clear and fair, how clients are treated, etc.  Then you can shortlist the money lenders that stand out.
• Try to find those accessible creditors that are in your location. The closer they are the better. You must also ensure the lenders on your shortlist provide comprehensive information about where their offices are and their contact details. Those details must match the ones on the Registry of Moneylenders.

What to Consider When Taking a Loan?

One of the most important terms and conditions you should watch out for when taking a loan is the interest rate. Here’s what you should consider concerning interest rates:

• The percentage figure

How high your interest rate is matters. It affects the overall amount that the lender will charge on top of the loan amount you take. The higher the percentage, the more expensive the loan will be. It’s worth noting that licensed lenders must not charge beyond 4% per month.

• Fixed or varying rate

Some lenders charge rates that vary depending on what the market conditions are. Others charge fixed interest rates that will remain constant for the duration of the repayment period. You are much better off with fixed interest rates if you prefer to pay the same amount every month.

• What amount your interest rate is pegged on

Your interest rate can be pegged on the original loan amount and the balance left over after every repayment. Having your interest rate pegged on your loan balance can save you money. But you must be sure that you will pay off what you owe on time. Otherwise, your interest amount could increase. It’s up to you to decide.

How Our Company Can Help You? Why Us?

Financial directories like Loan Advisor provide information on the available money lenders in the country. You can use us to shortlist and then choose the best licensed moneylender Singapore. The ratings and reviews we show will make your decision easier.

If you want to find a moneylender in Buona Vista, contact us today.