Income proof is one of the criteria to qualify for a personal loan in Singapore. It shows how much you earn yearly and you’re expected to earn at least $20,000 a year to be eligible for a loan from a licensed money lender. Banks typically…
Maybe you want to upgrade your property and have put your current home on sale. While waiting to receive the sales proceeds from your old property, you chance upon a new property you like. But when it’s time to make a downpayment, you realise you…
Your business will need a financial boost from time to time, but taking a loan and being in debt demands an intelligent approach. This is because without a concrete plan, many people end up in revolving loan cycles that bring their businesses down. Nevertheless, small…
Car ownership in Singapore is super expensive. On top of the car’s market value, other additional fees and charges form the bulk of the cost. So while you may have been diligently saving for your purchase, additional fees and charges may necessitate you to get…
Do you have multiple loans that you have to pay off every month? Are these debts causing you a great deal of worry and distress? If so, you may want to consider taking a debt consolidation loan to pay off all your debts. But what…
The Central Provident Fund (CPF) is a compulsory social security savings scheme funded by contributions from employees and employers. It is a crucial pillar of Singapore’s social security system that helps to meet the citizens’ retirement, health, and housing needs. But some are unaware of…
If you need quick cash in Singapore, you can apply for loans from a licensed money lender. These are legal financial institutions that offer personal loans to people. Unlike banks, getting a loan from a money lender is quick and straightforward. This makes it a…
Most people don’t know much about Singapore’s Moneylenders Act and its new rules. And it’s completely okay, as some details can be pretty dull and complex for the general public. But if you’re currently in need of some quick cash, you may be wondering how…
After securing a loan, the next thing you have to worry about is its repayment. You may hit the ground running and start to pay your installments as agreed with the lender without checking your repayment progress. But during your repayment journey, you may have…
Buying a property is a big-ticket purchase that requires commitment and planning. Hence, it’s not unusual to have potential homeowners ask the burning question: how much housing loan can I get? In fact, the often-confusing journey of home ownership warrants the asking of a great…
