Day: March 6, 2020

Reasons Why You Should Prefer Moneylenders Over Banks

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The majority of the individuals are afraid of the word loan as much as they are terrified of the word tax. Loans come with debts, and no one likes to be riddled with debt, but if you are in dire need of cash, you can always borrow money from a money lender. Here are a few of the reasons why you should:

  • You can verify their identity by visiting their office. 
  • Registered moneylenders are trustworthy, so it’s absolutely safe.
  • Zero hidden charges. 
  • You can negotiate the repayment terms.

Few things to keep in mind when you are looking for credit options in Singapore

Inflation or not, the prices of goods are increasing day by day. When you are short of cash and need money immediately for an emergency, people tend to head to the bank to get a loan. But there are several other ways you can get quick cash in Singapore. Banks are not the only way to get some money in your hands. There are several Moneylender in Singapore that offer loans to individuals that are in need of money. But you should be aware that there are two types of moneylenders– licensed and unlicensed. 

Licensed 

As you can already tell, licensed moneylenders are the ones that are registered in the ROM’s list. So these moneylenders are recognized by the government. This a safer option to get your money from than these sources:

Online loans 

Everything is possible online nowadays. You can get almost everything online, even loans! And these online loans guarantee you money for a very short time. If you are in need of some quick cash immediately, online loans may look like the best bet for you, but you should not opt for online loan options. This is because the majority of the online … Read the rest