Chinatown is one of the most interesting parts of the city. It is a representation of Singapore’s dynamic history and culture despite its small geographic size.
Chinatown is home to several temples, old houses, and other heritage buildings. But it is mostly known for its shopping and food centers.
If you want to experience the spectacular experience of Singapore’s Chinatown, make sure that you do not run out of funds and consider taking a personal loan.
Advantages of Taking a Personal Loan from a Moneylender
Licensed moneylenders are a good and legitimate alternative source of loans.
First, moneylenders are legal and registered businesses operating under the laws of Singapore. It means that you can be sure that their transactions are done properly and are regulated by laws so that they would not abuse and scam clients.
It also means that your payments are safe and well accounted for. It also means that they would not employ abusive methods and harassment in terms of debt collection. Most importantly, the interest rates in various loan services that they are offering are not excessive.
Licensed moneylenders are more lax in terms of requirements and eligibility.
Unlike banks that always require good credit standing and have an array of eligibility requirements, licensed moneylenders on the other hand give low credit standing users a chance to apply and usually just ask for minimal requirements.
They only need to prove that your income level is proportionate to the amount of personal loan that you are applying for so that they can know that you will be able to pay for the loan that you are applying for.
Licensed moneylenders are more quick and efficient in terms of releasing the loan.
They have dedicated professional staff to process and assess your application. As long as your eligibility and documentary requirements are complete, your loan will be released within the day. The most efficient companies can even release your loans in less than an hour! Licensed moneylenders are your go-to place when facing certain situations when you find yourself in urgent need of cash
Steps in Applying for a Personal Loan
There are three simple steps I applying for a personal loan:
- You may look for the telephone number of the moneylender of your choice and start applying in the comfort of your home.
- Visit their office for an in person consultation and submission of your requirements
- Receive your cash as soon as the loan agreement has been signed.
Choose Fortune Credit
One of the best licensed moneylenders in Singapore is Fortune Credit. They offer professional services and offer lower interest rates. At an interest rate of 1% to 4% they can offer more competitive rates than that of banks. They also do not ask for collaterals and offer flexible tenure payments. Fortune Credit makes sure that their services are fit to your needs.