Bedok is a residential town in the eastern region of Singapore. It is the largest planning area in the country. Due to its affordable public housing, it’s no wonder why there are nearly 300,000 Singaporeans residing in the area.
Most of the big malls and restaurants are also here! If you are planning to explore the peaceful town of Bedok, we recommend Bedok Mall, Xtreme Skate Park, Ray Bay, Bedok Jetty, Djitsun Mall Bedok, Telok Kurau Studios, Time Capsule, The Real Singapore Tours, Ayur Centre Pte.Ltd, and Forest Adventure.
Licensed money lenders are also near the area, making the funding accessible in times of urgent needs.
Types of Loans You Can Borrow
Not all loans are the same. Make sure that you understand each type of loan before you borrow to meet your financial needs and make the repayment manageable.
Personal Loan & Foreigner Loan
You can use personal loan and foreigner loan to fund any type of personal needs, including for emergency purposes.
Banks in Singapore offer personal loan applications but they have a more stringent loan application process. On the other hand, moneylenders can approve the loan application of eligible applicants in as fast as an hour. Hence, you can get your borrowed money on the same day.
- Loan amount:
Up to 6 times your monthly salary - Interest rate:
1-4% per month - Minimum monthly income:
S$2,000 for citizens & permanent residents or S$3,000 for foreigners
Payday Loan
Payday loan allow you to have fast cash to ease your financial stress. Here’s the catch: the repayment period is very short, which is within a month or on the next payday. This type of loan is recommended to make ends meet or for small financial emergencies.
- Loan amount:
Up to one month’s worth of your monthly income - Interest rate:
1-4% per month - Minimum monthly income:
S$2,000 for citizens & permanent residents or S$3,000 for foreigners
Business Loan
If you are a business owner struggling to sustain the business amid the pandemic, you’ll most likely require financing to plug working capital plugs.
Fortunately, governments, banks, and moneylenders offer schemes to support the enterprises in Singapore.
As you know, government and bank loans can take more time to be processed. If you are in dire need and need a quick disbursal of cash, you can rely on money lenders’ for convenient and hassle-free business loan application process.
- Loan amount:
Up to six month’s worth of your monthly income - Interest rate:
5-15% per month - Minimum turnover:
S$60,000
How Can We Help You?
If you are choosing convenience over hassle application process, an established licensed money lender with an excellent reputation should be your choice.
One of which is Fortune Credit Pte Ltd. Fortune Credit is a licensed moneylender near Bedok that has been in the business for over a decade and has helped thousands of borrowers in Singapore. If you’re at Bedok and need urgent finances, visit Bedok Personal Loan and they will provide you with the loans that you need!
Check out their loan packages or contact their friendly loan officers at 6777 1887.
