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Personal Loan Upper Thomson

The River Safari is an excellent spot for family trips, especially with kids. A place where you can enjoy taking photographs of 5000 animals. Singaporeans and foreign visitors can also try walking one with animals at the canopy level of the Macritchie Treetop Walk, for free! 

For a different stopover, the Sultan Mosque, Singapore’s oldest mosque is an absolute must-visit too! After that, you can enjoy dining at the AMK Market and Food Centre that offers different cuisines for people.

Types of Loans

There are a variety of loans that borrowers can select depending on their financial situation. Rest assured, Loan Advisor can offer assistance to meet people’s needs. Listed below are the different types of loans you can consider.

1. Personal Loan

This is money borrowed from a bank, credit union, or a moneylender that you pay back in fixed monthly payments, or installments. It is unsecured and does not involve collateral. It’s usually the best option to dip into your savings or emergency fund to cover unexpected expenses. It can be an ideal option for non-discretionary purposes, like debt consolidation.

2. Business Loan

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. 

3. Payday Loan

This is also called a cash advance loan. This short-term loan is helpful if you can’t wait for your payday 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%. 

4. Monthly Loan

This is also called a monthly installment loan 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.

5. Foreigner Loan

All foreigners holding a valid Singapore Work Pass are eligible to apply for this type of loan from most lenders and other banks. You must be 21 years old and must be employed. Submitting a residential tenancy agreement, bank statement, and three months’ recent payslip is also necessary given the rules and regulations.

How Can Loan Advisor Help You?

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

Conclusion

If you wish to learn more about different types of loans to determine what loan will best fit your needs, feel free to contact Loan Advisor. You may visit this site if you want to find the reliable money lenders in Singapore.