subject: Qualities Of A Good Singapore Moneylender [print this page] Moneylenders offer personal loans and other short-term loans. There are many such moneylenders in Singapore, but some are neither credible nor reliable. Understanding the qualities of a good moneylender in Singapore is important if you are to get the best.
An important quality in moneylenders is licensing by the relevant government and industry regulatory bodies. You should go for a licensed moneylender because you will be sure the company has been vetted and is properly capitalized. You could check for licensing with the local Chamber of Commerce or with consumer protection agencies. Visiting the local Chamber of Commerce or with consumer protection agencies is important because they blacklist moneylenders who have many complaints against them.
Go for a company that offers confidentiality. When seeking a personal loan, chances are that you have bad credit or you have run out of money. A good moneylender will not expose you to the stigma associated with being broke. Go for moneylenders who treat you with respect despite your situation. It should not be up to the company to dig deep into the reasons why you want the money.
A good money lending company is one that has been in the business for several years. This is testament to its credibility and reliability. The company should have a team that is well-trained in the field.
Another important quality in a Singapore moneylender is availability of tailor-made solutions. We all have different needs when it comes to personal and other short-term loans and you should be able to get exactly what you are looking for. The money lending company should be in a position to process your loan application without undue delays.
A good company is one that has different options so that you can get exactly what you want. You should be able to choose between fast cash, short-term loans, foreigner loans, and house loans. There should be a flexible repayment option so that you do not struggle repaying the money. The rates should be competitive.
Go for a licensed moneylender who allows for online application. This gives you unparalleled convenience, it preserves your anonymity, and it saves you money since you do not have to travel. You only need to visit the company to sign the contract. The company should offer an online loan calculator to help you determine what you need and what you will end up paying when you factor in interest. It should, also, have a chat module where all your answers will be answered.
The late payment admin fee and interest should not be prohibitively high. You should also consider such things as the due date adjustment fees, early redemption fees, and the feature cancellation charges. You should also consider the eligibility and application criteria.
A good moneylender in Singapore is one who does not have too many requirements for eligibility. You should be able to secure a loan with basic details. The company should be readily available should you need emergency money. Other than the Internet, the company should also be reachable through fax and telephone.
