Licensed Money Lender
Personal Loan Sembawang

Its top sights include Canberra Park, Beaulieu House, and the Old Admiralty House. More of these houses are remaining in the area where people get to see the iconic black and white bungalows’ architecture. To achieve that relaxing getaway whilst enjoying nature and the fresh air, Montreal Green and Sembawang Park are the best options to consider. For that much-awaited water adventure, visit Sembawang Hot Springs and Sembawang Beach!

What Is a Bridging Loan and How It Works?

A bridging loan is short-term financing used until a person or company secures permanent financing or removes an existing obligation. These loans are specially designed for Singaporeans who want to purchase a new property, like a house or flat, but need to borrow additional capital to fund the purchase. These loans can help you “bridge” a financial or working capital gap when upgrading or moving home.

Bridging loans are also known as interim financing or gap financing as it bridges the gap when financing is necessary but not yet available. Both corporations and people use this approach and lenders can customize these loans for many various situations. Normally, it comes at a higher interest rate than other credit facilities like HELOCs. Discover the distinctions between a bridging loan and a Heloc.

Advantages of Taking a Bridging Loan With a Money Lender

• Easier lending process. While most loans require a bunch of information to be granted an application, which includes your lending history, proof of income, and credit scores, bridging loans with an authorised money lender are guaranteed to have no lengthy checks.

• No extra charge or fee/s. Despite it normally having a higher interest rate, bridging loans are much affordable and controlled. Moreover, your lender is likely to provide a clear interest structure depending on your flexibility and capability to repay.

• Reliable for quick cash. It’s assured that loans from private loan lenders Singapore can be approved much faster than any other form of finance to some institutions. Normally, once you meet all the requirements,  it will be available within a day, hassle-free.

How to Apply?

1. Walk-in, call a lender, or apply online.
2. You will be given questions to determine your eligibility and will be invited down to the office for a follow-up.
3. An in-person consultation will occur as well as agreement signing.
4. Receive your money instantly!

Eligibility:

• Age: 21 years and above
• Singaporeans: Minimum monthly income of at least $2,000
• Exercised Option to Purchase

How Can Loan Advisor Help You?

Loan Advisor is designed and primarily created to help borrowers to have their future deals easier to obtain which is made possible by an online comparison tool. From the website, people can easily find the most ideal loans available with updated information along with fair reviews. There, loans offered out in the market are compared only for your convenience. 

Remember that Loan Advisor picks the best licensed or legal money lender in Singapore based on 3 criteria: 

1. Licensed Money Lender in Singapore

Make sure they are applying for a legal or licensed money lender in Singapore, to learn if it follows the guidelines made by the Ministry of Law list to assure the lending is secured and transparent. 

2. Customer Review 

Check reviews from both experts and the actual customers to ensure the institutions people are checking offer or provide quality service.

3. The Best Rate in Town 

Compare rates, fees, and other features from other licensed moneylenders within the area.

To avail and get up to three free quotes from the best licensed money lenders in Sembawang, feel free to fill out the form.