General

Creating new ways of managing Fintech through New Innovative Ideas

The “out of box” thinking start-up Crawfort is changing the rules when it comes to loan granting solutions

Management of finances and regularizing cashflow is a challenge for many Singaporeans. In Singapore, there is a community of people faced with limited credit access.

In cases where such help is needed, a top-rated licensed microfinance company, Crawfort, offers an attractive financial solution. Founded by brothers John and James Cheow, the company is best in the market when it comes to upping the ante on the traditional models of money lending and bringing it into a new era of technology-enabled consumer finance.

According to Mr. John Cheow, co-founder and chief investment officer: “Our experience as entrepreneurs has made us realise how hard it is to access capital when you need it the most. Because of this, we identify and empathise with others like us, and want to help individuals, and small and medium enterprises, who need access to credit facilities.”

STARTING A REVOLUTION

Crawfort was founded in 2011 by Jjohn and James Cheow, the firm is leading others when it comes to drive innovation and leverage on the emergence of smart digital processes. With these capabilities in force, the company was able to achieve a new high in the streamlining of internal processes and optimizing resources to achieve greater efficiency and productivity.

Now, Crawfort has become a top rated and most trusted name among the firms offering a suite of loans ranging from personal, business to bridging, for a wide range of customers. The company has seen an uptick in returning customers which shows its quality of service and appeal of its comprehensive range of products. Serving as a further testimony of its outstanding customer service standards and delivery, Crawfort has achieved up to 96 percent customer satisfaction reviews.

According to Mr James Cheow, co-founder and chief executive officer: “At Crawfort, customers are our primary focus. Sincerity, respect and empathy are at the heart of our corporate culture and we believe excellent customer service is a direct reflection of these values. We build trust through the way we’ve approached customer service, and we place a huge emphasis on building a partnership with our customers. We treat every customer with the utmost respect, and we like to make them feel at home. Over time, because of this, we have come to gain their trust and confidence.”

TRAILBLAZING THE WAY

Nowadays, the government has implemented new moneylending regulations, as a result, the industry has largely shrunken in terms of providers — Crawfort has stayed aligned with these changes and has witnessed fast growth. By innovating and steadying its overall approach to conducting business, it has always stayed ahead from the rest of the pack and is continually changing perceptions around moneylending.

Crawfort offers the best customer service and hospitality. It conducts transactions in a comfortable and friendly environment and provides on-time service delivery through quality customer care. Its onboarding and approval processes also provide customers with a simple and seamless experience in applying for access to credit facilities.

Additionally, it appeals to a new generation of customers who are seeking an intuitive and impeccable user experience. Crawfort has deployed the use of innovative solutions to process its loan applications using proprietary algorithmic formulas in its predictive scoring credit methodologies. Crawfort’s approval process is fast and delivers responsible lending, without compromising on compliance and face-to-face customer screening.

As Mr John Cheow himself says: “We’ve always sought to be a pioneer in the industry in many respects. For instance, we were the first moneylending business to use AXS and SAM machines and post offices for repayment transactions. Thanks to our adoption of the best of today’s technology, we have optimized internal processes, and this has translated to happy customers.”

Money Lenders in Singapore for foreigner

About 64% of the country population are foreigners and like everyone else in Singapore they can face financial emergencies and might not have savings for such rainy days. Don’t worry! Singapore provides you the best loan money lenders. So, after extensive research, we’ve come up with top Licensed Money Lenders in Singapore for foreigners. They are approved by the Ministry of Law. They are listed as follows (Be easy! sequence doesn’t base on any kind of ranking).

Katong Credit Pte. Ltd.

Katong Credit is a renowned moneylender company for foreigners in Singapore. Being a foreigner getting a loan from lenders with poor credit hours is not less than a nightmare. Either money lenders reject your applications or charge high-interest rates. Their terms and conditions for getting a loan are very simple and eligibility criteria are very easy. Their fast cash loan is designed to help you get quick cash. So, if you are a foreigner and facing financial crises, you are in luck as Katong Credit welcomes you. They offer very efficient and convenient loans for foreigners.

Credit 21 Pte. Ltd.

Credit 21 is one of the Trusted Legal Money Lender for foreigners in Singapore. They offer you the best personal loans. They’ve introduced different loan packages that must suit your needs. Customer satisfaction is their top priority. To ensure their best customer services they have improved their process. If you are a foreigner and looking for a fast cash personal loan, Credit 21 money is your go-to lender. Their team of financial advisors has a solution for your all financial needs. They also have an online loan application portal, where customers can apply online and get feedback in 8 hours.

U Credit (Pte.) Ltd

U Credit offers you the most reasonable interest rates in Singapore. They are the most trusted money lenders for all kinds of loans in the country. If you are a foreigner in the country and find yourself struggling with cash flow issues. This is where U Credit foreigner loan comes into the picture. As a foreigner, you have the advantage to get a flexible loan to meet your financial needs. Whatever your emergency is you can access quick cash to sort out your problems.

1AP Capital Pte. Ltd.

1AP Capital is a highly professional licensed money lender company. It issues Personal loans, Renovation Packages, Business loans, and Education loans. 1AP Capital is the ultimate solution to all emergency cash situations. They believe in service excellence. Being a foreigner meeting all the financial needs could be tricky, flexible 1AP Capital foreigner loans can make your stay longer and easier. 1AP Capital has helped thousands of foreigners to access easy financing over the year.

Borrowing unlicensed money is illegal in Singapore. So, be very careful while getting loans. Above mentioned companies are Licensed, legal, and reputable Money Lenders in Singapore specially for foreigners. You can also go to other money lending institutes like Cash Express, FastMoneyLoans Singapore, SG Loan Singapore. They will provide you the best packages loan under low interest.

ANZ personal loan Singapore

General

While going out and seeking loan facility in a country like Singapore, one has to be complete with their homework and related knowledge. Certainly you want a personal loan with flexible terms and immediate approval that is friendly to your pocket.

ANZ personal loan in Singapore is quite popular amongst people who want to meet their daily life or any other living necessity. ANZ offers two kinds of loans as in ANZ fixed rate loan and ANZ variable rate loan. As the names suggest, they both have their own features that will assist you through the way. However, these loan amounts can be used for more or less the same purposes. Such as if you need to improvise your home, in need of paying for the new car, surprise your loved one with a holiday plan, need to spend some bucks on your dream wedding, have to travel on an urgent basis or required a collective loan amount to pay off other loans.

ANZ Variable Rate Loan

As this form of loan presents you with the ease of paying the loan early and do not charge anything. The rates charged on this loan are 15.99% annually that can be varied as per the financial market trend. This loan type brings you at least $5000 and higher up to $50,000 of the loan amount. You can either pay it off within a year or in the period of seven years. As the loan gets approved, you will be charged $150 for once.

The bank does not use the amount that is paid extra by the customer. He or she can withdraw it whenever they want, though the conditions applied. With the variable rate loan, the client can get an additional amount of loan on the existing repayment plan. Yes! That sounds so favorable for all those who could be in sudden need of extra money.

It is advised that the client should apply till midday and from Monday to Friday so that they could get approval in a day. For that, it is necessary that you have an account in the same bank so that the amount will be transferred on the same day.

ANZ Fixed rate personal loan

In the fixed rate personal loan, the borrowers are secured from facing the floating interest rates. They just have to stick with the one rate and already decided repayment sum. Even if there is a change occurring in the interest rate, you will have to pay as per the agreed rate.

The interesting thing about these repayments is that you decide what suits you. It means that you can set the repayment amount as per your feasibility, thus, facing no halt in repaying the loan.

The interest rate charged on this loan type is 12.45% per annum while if you pay the entire amount before time, then you will have to pay $300 more. The loan duration is also from one to seven years.

For both of the ANZ loans, you must be above the age of 18 and submit the proper financial details along with the employment ones. The applicant is also required to earn $15,000 yearly.

Personal loan without payslip Singapore

General

Money related issues can occur any time and to anyone. It does not see that whether you are capable of meeting finances or if you are rich lad. It can occur to anyone, anytime. We know that it is easy to get loans when you have a stable job or when you have some sort of financial security. The real challenge is when you do not have a source of income and yet you have to get a loan. This simply means you do not have any pay slip to show that could prove that you can repay the loan, most importantly, in Singapore. But for that it is crucial that you are in contact with the reliable financial institution.

Having no back in terms of income can be really troublesome, but if you are in some serious need of money, then nothing seems like a better idea. In such a situation, getting a loan from a bank is not possible, but you can get a loan from some other source as there are some lenders who offer you borrowing on this basis. If you meet the lender’s rules, then they straightforwardly provide you with the amount. They do not ask you for you any credit history, but they want you to pay interest and fees. On the other hand, when you have a job already, then you can get this loan without any hassle.

What could be the other loan options when you do not have pay slip?

If you do not have any income source, then you can apply for borrowing money by showing your income tax statements.

Another option is that you can get loan money by showing any asset like a car or jewelry and their value. The worth and condition of the asset assessed the sum of credit that any lender can offer you. If you are unable to pay the debt, then the lender will be allowed to keep your assets or as they call, forfeit them.

For the short term, availing such cash is the best option and they are secured for a short term too.

A company called Fast Money is presenting with the loan on a quick basis. They are licensed and legal money lenders in Singapore. Not only that it is for the local residents, but for foreigners as well. Although, this company requires you to be in full time employment or at least submit your income tax statement. The client can apply online without any service fees; the representative calls you themselves and guides you as per your query.

The alternative of collateral submission sounds suitable for those who do not have any employment currently. There is a need to be ensured about lender’s credibility and get done with all the paperwork that they have everything properly in written so that if you have paid back fully, there will be no chance of fraud. Likewise, for the lender, when they get everything in writing, they can trust the borrower easily.

Personal loan for EP holders in Singapore

EP stands for “Employment Pass”. It is a visa scheme designed for foreign professionals with excellent skills who want to work and live in Singapore. Every kind of nationality can apply for this pass. Singaporean companies offer jobs and give them visas. EP holders earn at least S$36,00 per month if they are new graduates, experienced candidates are offered high salaries. EP holders can bring certain family members with them. When it comes to daily life financial problems Singapore seems to help their employees and offer them a variety of personal loans. Although foreigner loans in Singapore have strict requirements for foreigners. But until or unless you have valid work pass you are in luck.

EP holder Personal loan Application procedure

Fill your personal, financial, and employment details.
Select a suitable amount of loan and tenure you required.
Submit required documents to the bank’s representatives.
Receive the money in your bank account within 24 hours.

Let’s take a look at Singapore banks which introduced special personal loans for EP holders.

Overseas-Chinese- Banking Corporation (OCBC Bank)

OCBC Personal Loan has organized two kinds of personal loans for EP holders.

OCB personal cash loan: It considered to be a “true” personal loan; you can borrow up to 6X your monthly salary. But its interest rate is a little high.
OCBC Cash-on-Installment: If you don’t need that much money go for OCBC Cash-on-instalment. This loan is drawn from your personal line of credit, it converts the basic credit limit into cash and has a low-interest rate.

Eligibility Criteria for EP holders is the same as any other PR or foreigner i-e age should be 21 or above, minimum annual salary should be S$45,000. If you qualify, you will get 4X of your monthly salary or 6X if your monthly salary is above S$120,000.

United Overseas Bank Limited

UOB offers personal loans to those EP holders who have UOB CashPlus or UOB credit card. But if you are new to UOB, you can apply for a personal loan and for a credit card at the same time. It is one of the few banks that approve EP holders in an hour if they qualify. Their key objective is customer’s satisfaction. They have thousands of EP holder customers.

Eligibility Criteria Foreigner / EP holders or PR. Age 21 or above. Minimum annual income S$30,000, the interest rate is 4.7% p.a., processing fees is 1%, you can get a maximum loan amount of your credit limit.

Bank of China Singapore

Singapore banks have designed new packages of personal loans for foreigners/ER holders. HSBC is renowned for its longest tenure, 7 years, but now its new rival is “Bank of China”. It has the lowest interest rate, longest tenure, flexible monthly repayment amount. BOC seems to be more lenient for ER holders who have relatively low annual income.

Eligibility Criteria: Foreigner / EP holder/ Singaporean, minimum monthly salary S$17,00 /$20,400 annual, interest rate 6.5% p.a., processing fees 3%.

Five Powerful Morning Habits to Help You Become More Successful

Success is not a destination rather it is a journey.

With that being said,

It is important to layout the truth here, that you don’t become successful overnight. It takes a lot of effort and sacrifice. You build the ladder to success, yourself. The key to success is developing certain habits that help you be more productive and result-oriented.

One of the most essential habits that is crucial for your success is your morning routine.

Powerful Morning Habits

We all can agree that morning is probably the most important part of the day. It dictates how the rest of your day goes.

In order to help you climb the ladder to success,

Here are the top vital morning habits that will help you perform at an optimal level.

1. Early to Bed, Early to Rise

A habit that all the successful entrepreneurs have in common, is that they wake up early, before everyone else.

Starting your day early can help you be more efficient as it will give you more time to focus on your goals.

Try to start your day at 4:00 am or 5:00 am by latest. This will give you an edge over others.

2. Daily Dose of Motivation

You can never be motivated enough. Your brain requires a constant reminder as to why you’re doing all that you’re doing in order to stay focused.

To keep yourself motivated, you need to dedicate an hour of your morning to inspirational anecdotes or quotes.

Listening to inspirational podcasts can make you emotionally invest in your daily objectives, that will, in turn, increase your productivity.

3. Incorporate Exercise

Exercising is crucial for your mental and physical health.

Including exercise in your morning habit, is an excellent way of getting your body ready to tackle the day. There are countless benefits of exercise for your brain. Also, the metabolism rate of your body is enhanced, as a result, you feel fresh throughout the day.

Blowing-off some steam in the morning will enlighten your mood as well.

4. Prioritize

To carry out the daily tasks effectively, you need to know how you will be spending your day.

Time can be your best friend or your worst enemy, depending upon how you utilize it.

Scheduling your day, jotting down everything that’s important and then prioritizing them according to their significance, can save you a lot of time.

Before starting your day, make sure you’re organized to compete for the tasks in an orderly fashion.

5. Intake of Nutrients

Healthy breakfast is an essential part of your morning.

Intake of nutrients that are good for your brain, will help increase your cognitive performance. As a result, you will be able to function better and your mind will be full of energy.

Try to have breakfast that includes;

Omega-3
Vitamin K
Vitamin E
Iron

Morning habits play a vital role in setting the tone of your day. So, make sure you have the best morning habits to conquer your dreams.

DBS Singapore- DBS Bank

DBS Bank was established in 1968 by the government of Singapore with the main purpose of providing loans and financial aid to industries to help establish and upgrade existing industries in Singapore. The company was known as “The Development Bank of Singapore Limited” and in 2003 the name was changed to “DBS Bank”.

DBS is the largest bank in South East Asia by assets and among the largest banks in Asia. It has a dominant position in treasury and market, asset management, consumer banking, securities brokerage, equity and debt fund-raising in Singapore. The bank was also awarded the Best Digital Bank in the world in the year 2016. With operations in 17 markets, the bank has a regional network spanning more than 250 branches and over 1100 ATM across 50 cities.

Available Loans:

Home Loans: When you want to build your own house and need financial assistance you can apply for a home loan at DBS Bank which they have enhanced to offer a fixed monthly repayment and a protection coverage against sudden loss of income or any unexpected event.

Personal Loans: Personal loans are the most common types of loans that you can apply for at DBS Bank. DBS Bank has an affordable package for a personal loan with a fixed repayment method, low-interest rates and tenure leading up to 5 years.

Car Loans: Purchasing a car is one of the biggest financial commitments a person makes, which usually means taking out a loan. This is called car loan and DBS Bank has one the best packages with low interest for you to give you greater peace of mind with a loan tenor from 1 to 7 years.

Education Loans: Education is becoming more and more expensive students who have the potential for further studies miss out on them because they cannot afford the tuition fees. DBS Bank offers an interest-free loan during the course of study and features up to 20 years repayment period DBS Banks aims to provide students with the best and affordable package for a student’s better future.

Foreigner loans: Now foreigners can apply for “Foreigner loan” in their financial needs with all the benefits that they deserve. It involves a simple process that is not demanding and has no restrictions. DBS Singapore gives financial freedom to foreigners to cover their expenses.

Things to know before applying for a loan:

Before applying for a loan, you should know that the bank and check if it is licensed and the given package is ideal for you compare it with other banks or loan services. DBS Bank provides all its customers the financial help they require. The interest rate is depending on the type of your loan; if it’s collateral-free then the interest rate will be higher if not then the interest rate will be low. But it is important to know the interest rate should not be exorbitant. Also here is a list of things you need to consider before taking out a loan.

Eligibility Criteria:

Age must be between 21 and 65
Provide proof of income
Utility bills and proof of residence
Work permit (only required for Foreigners)
Copy of NRIC card

How much you can borrow:

For personal Loans, you can get up to 4x of your monthly salary and 10x if your annual income is S$120,000 on monthly installments of 1 to 5 years.

For Home loans, the amount is dependent on the amount of loan and the interest will be calculated on the average salary and other factors.

Interest rates & Repayment Methods:

The interest rates of a loan are subject to change as a penalty for late payment and can become a hassle for a borrower but in October “Moneylending Advisory Committee” introduced a 4% cap interest rate. And DBS Bank follows this rule to provide the best services to its customers.

When a customer takes a loan from a bank, the bank expects that customers will be able to repay this loan. Interest rates are charged on the amount of money. You can repay your loan in three different methods.

Equal Instalments: When you want to make bigger repayment at the beginning go for this repayment method. Normally installment remains the same but according to the interest rate it varies: the increase in reference rate causes an increment in repayment; a decrease in reference rate causes a decrement in repayment.

Fixed Equal Payment: When you know how much you are going to repay; it is a handy repayment method because increment in reference rate extends the tenure period and decrement in reference rate shortens the tenure period.

Choose the repayment method that suits you.

News Room:

Enjoy 0% interest and up to S$500 cashback:

This online exclusive promotion gives you instant cash with a fast and easy online application. This offer gives you a short-term loan with 0$ interest and you only have to pay a one-time promotional administration fee. And you can get up to S$500 if you fulfill these conditions.

Apply for a 12-month tenure Balance Transfer,
In a single application or same-day combined applications on both Cash line and Credit Card.
The application must be submitted via a self-apply online application platform.

Up to $1,088 cashback with DBS Personal Loan:

This online exclusive offer is only for people who apply for a personal loan at DBS bank using online services.

You will need to fulfill these conditions:

Minimum approved loan amount of S$30,000,
In a single application or same-day combined applications on both Cash line and Credit Card.
You will be entitled to only a one-time Cashback in the respective tier and an additional S$200 only if you are a New-to-Bank customer.

Customer Reviews:

Online customer reviews can be simply thought as personal recommendations and users will trust a brand or a service based on its customer service and in this online review play a vital role in giving anyone an idea of how your experience will be with this company or service.

“I have never experienced such great customer service at a bank or services organization like this before! Filzah greeted me as I walked in and what I have been told is a very complicated process (setting up a new account as a foreigner moving to Singapore) became a breeze. She told me all the documents I needed and even went inside to double-check. After getting the documents I returned to have my slot held and straight to Chee Man who spent more than 45 minutes (after closing) setting up my account, producing a card and even helping me set up the DBS app! Wow! Other organizations need to take note of how to provide an exceptional CX! All my banking will be with DBS based on this moving forward.” ~ Muralee Kanagaratnam

“It was quite a pleasant experience while I opened an account. Especially a staff opening an account always smiled and answered clearly that I could understand the Singapore banking system in an hour. The only opportunity would be making a separate source of information on the documents. Applicants must prepare prior to the visit make it easier for the customers. And hope that kind of information can be easily searched through google. It was a great experience anyway!” ~ Brian Cho.

Do Successful Entrepreneurs always take big risks?

Entrepreneurs are the persons who start their own small business. These are the people who’re capable of doing a successful business because of their sharp minds and intellectual talents. Basically, they start their business on a small basis and take high steps to change their lives.

Entrepreneurs take risky steps for the business anyhow these steps provide loss in the start but they’re very beneficial for the future.

Are you looking to start your own small business and feeling worried about the growth? Seriously speaking the risky steps are the crucial part of every business and without them, the business cannot go high.

Why successful entrepreneurs always take big risks?

The successful entrepreneurs always take the big steps to grow their small business to the high mountains. Let’s discuss the reasons behind them.

As you take more steps you become more aware of the business rules. You start feeling confident as you gain the knowledge of all the tools, procedures and the methods. This thing makes them fear free and they start learning more because of the new risks every time.
You set your daily goals and move from impossible to possible. The entrepreneurs divide their daily tasks and start making dollars on a daily basis. No doubt they have to face some loss mainly in the start but this loss is far better. The small loss can be compensated through daily profits.
The successful entrepreneurs take the regular risky steps which make them unstoppable towards the destination.
If you don’t take the risks and don’t keep the daily investments surely you’ll be able to gain much success. If you do a tiny investment surely you’ll gain a very small profit. If you spend much on the products, website designing, marketing, advertising surely you’ll get a large number of customers in a very short time. The money costing factors can put a lot of benefit for the profit of the future.
Learn about the business very carefully and do regular research for development. Do the best practices for the success of your business. Make the checklists and the handbooks for the ways to go to a higher level.
The regular risk takers become so confident about the flaws of the business. It makes them succeed in the future. These risks make them much aware of the ups and downs. In this way, they don’t take any harmful steps in the future.
More experiments make you learn fast and do proper planning. The risks boost communication skills and make new customers. New risks lead towards new improved services. New innovations move you towards new ideas and success.
As the market grows much fast and the new services always impress the customers. Taking new risks make you learn the new ways thus there’re higher chances of your business growth.
The risks save your business from the economic downturn. When you face competition you get awareness about the products and the prices in the market.

In the last, it has been clear that the risks give greater chances for the establishment of your business and you become confident in persuading the customers towards you.

Bad credit personal loan $5000 Singapore

General

Having a bad credit history means that it has become really difficult for the applicant to obtain loan later in life. Certainly, it affects your reliability and eligibility as a serious borrower. It shows that you do not have sufficient finances as well.

Although, there are some lenders who could be generous yet smart enough to grant with the loan of around $5,000 despite having a bad credit history on short term. Some of the lenders in Singapore can still offer you this loan amount to meet your financial obligations. Some of these institutions are:

Bad credit loans

There is no harm in try as you can apply and find out if they are willing to grant you loan or not. The borrower can also visit or call them and ask for an idea about how to get a loan with such financial situation. The online form makes it easier for you to apply and the money gets transferred as soon as possible. The clients are provided with all the details of their loan amount, the rates charged, about the repayment method, etc. these details are provided beforehand so that the borrower will have a clear idea while taking the decision.

OppLoans

OppLoans offer you loan money from $500 to $5000 along with the viable repayment terms. The loan is in your account within a day means having an unattractive credit history is not going to disturb your monetary condition. The great thing is that they have the loan term of maximum 36 months and minimum 9 months. All you have to do is to meet their terms of minimum income. The benefit that any defaulter gets from this loan is that it provides you with the chance of improving your credit history.

Lendela

It will take you just a few minutes to apply for the loan at Landela and they can get you the borrowing amount of maximum $100,000. Now, as much as you borrow, the monthly payment cost will vary accordingly. The repayment calculator on the website will guide you with the payment schedule depends on the year to 7 years and from $1000 to $100,000. Landela do not ask that for what purpose the borrower needs the money, thus, you are free to use in any legal way that you want. The loan is deposited in your account a day after or in a day that saves you a lot of time.

Credit thirty3

We know that bad credit history could result due to many reasons and that is why Credit Thirty 3 is the stop for you where you can look for assistance. For all the urgent cash requirements, this place never turns you down. Even if your salary is delayed, you can always look forward to this personal loan and get tension free. The company brings a number of loans to you such as business loan, grab taxi driver loan, payday loan and even if you are a foreigner in Singapore, you can get the Foreigner/ expat loan. The online form gives you the chance to not to waste any time and apply for the loan.

U Credit (Pte) Ltd

U Credit (Pte) Ltd. It is a professional licensed money lending company that offers a variety of financial loans to suit customers’ requirements. It also provides legal financial loans to Singaporeans, Singapore PRs and foreigners holding valid employment pass in Singapore. Their top priority is to help customers manage financial emergencies in life.

Available Loans:

Personal Loan: A personal loan is money borrowed from a moneylender that you pay back in fixed monthly payments or installments. Most personal loans are “unsecured” means you are not required to provide a collateral. U credit (Pte) Ltd offers personal loans with a tailored package you are guaranteed that all your financial needs will be met and yet it will be easy to repay the loan.

Vacation Loan: Vacation loans are like a personal loan but are tailored to be more affordable compared to credit cards and personal loans. With a U Credit vacation loan, you get to choose a flexible package that suits your expenses and financial situation.

Foreigner Loan: When you are in a foreign country getting a loan can be daunting and like any other citizen a foreigner can face a financial crisis at any time. U credit helps to take the burden off of your shoulder and help you out of your crisis. These loans are highly flexible and are tailored to meet your financial needs. You can get access to quick cash to sort the problem out.

Fast Cash Loan: If you are struggling with your day to day finances and need quick access to cash to sort out an emergency then you can consider a fast cash loan from U Credit. These loans are suited for short term expenses and are a quick way out to take care of your financial emergency.

Business Loan: Singapore has a large number of small business enterprises. There are many people who have made their dreams into reality and created successful businesses in the country. If you are an entrepreneur in Singapore U Credit is here to help you achieve your dream and make it a reality by providing you with a business loan to help you start-up and get your business up and running.

Things to know before applying for a loan:

If you find yourself in need of financial assistance you can apply for a loan at U Credit (Pte) Ltd. There are a number of types of loans depending on your situation. While most borrowers may only focus on the cost of a loan there are a number of other equally important factors to consider before taking a loan. Here is a loss of a few of these.

Before going to a moneylender, consider other alternatives, like some financial assistance schemes offered by government agencies.
You are legally obligated to fulfill any loan contract you enter into with a licensed money lender.
Think about whether you’ll be able to abide by the terms and conditions in the contract. Consider your financial obligations and your source of income. Only borrow what you need and are able to pay.
The law requires moneylenders to explain the terms and conditions of a loan to you in simple words and provide you with a copy of the contract. Make sure that you completely understand the terms and condition of the contract with respect to repayment schedule the interest rate charged and fees applicable.
You should consider all alternatives for the most favorable terms and not rush into a loan until you are satisfied with the terms and conditions.

Eligibility Criteria:

You need to fulfill the following requirements in order to loan from U Credit.

Age between 21 to 65
Permanent residence.
Annual income between S$ 30,000 to S$ 120,000.
Proof of residence
Good credit score
A copy of passport, visa or work permit

How much you can borrow:

U Credit offers multiple kinds of loan packages. You can select the one which suits you the most.

A person can borrow up to S$3,000 if his annual salary is less than S$ 20,000.
A person can borrow up to 2X of his monthly salary if his annual income is S$ 20,000 or more.
A person can borrow up to 4X of his monthly salary if his annual income is S# 30,000 or more.
A person can borrow any amount of money if his annual income is S$120,000.

Interest rates & Repayment Methods:

The interest rate is a key factor that you should consider while getting a loan. The maximum interest rate moneylenders can charge is 4% per month. If a borrower fails to repay the loan on time, the maximum rate of interest a moneylender can charge is 4% per month for each month the loan is repaid late.

You can make repayments through Cheque, Cash, and transfer funds via online baking. There are different methods of repayment. Equal repayments: This is a good way to repay your loan throughout the tenure period repayment amount remains the same. Choose Equal installments when you are willing to pay a large amount of money as installments at the beginning of the tenure period. You pay an equal amount of money in the entire tenure period in the Fixed Equal Payment method.

Newsroom U Credit:

U Credit’s newsroom is full of new and unique loan packages. Let’s take a quick look at 2019 latest loan packages.

Wedding Loan: Marriage and wedding are probably one of the most important decisions and events in a person’s life. Most couples dream of having the perfect wedding where the brides wear beautiful wedding gowns and the groom puts on suits that make them look more handsome than ever. Weddings are an event full of happiness and joy where friends and families shower the couple with blessings.

However, the wedding cost is not low in Singapore may it be a traditional Malay wedding, Indian wedding or a western wedding the entire event can cost up to thousands of dollars. U Credit (Pte) Ltd. Has a simple solution to this problem, should one require financial help wedding loans are a good source of support.

Short Term loan: Short term loans are for people who need fast cash for multiple urgent reasons. These are unsecured loans and a person has to qualify for them. Financial emergencies come up from time to time and we help by giving you cash on the spot, provided that you meet our requirements. We ask for particular documents that you would have to submit along with your application.

Address: 1 North Bridge Rd, #01-35, Singapore 179094
Hours:
Open ⋅ Closes 7:30PM
Phone: +65 6777 8080

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