1st Credit SG Pte Ltd can provide quick cash for a foreigner. Foreigner in Singapore also can get a foreigner loan to settle financial problems. Application loan from online website is convenient and fast approval. Financial emergency issue usually is hard to handle especially is someone working or studying in foreign country. Previously, foreigners are having hard to get personal loans in Singapore.
Nowadays when foreigner facing urgent financial they also deserve the benefit. We also provide foreigner timely financial solution. The process of application of foreigner loan is very simple and straightforward and not involving very demanded requirement. This is best solution for foreigner to break out from the financial dilemma to cover their expenses. There is a lot money lender across Singapore. 1st Credit SG is one of the top licensed moneylender offer a foreigner loan with lowest interest rate.
A licensed money lender are abroad available to offer instant loans. Foreigners can apply foreigner loan when happen to financial problem. Money lender attends as a practical and instant source of emergency financial that helps people to assist their financial liability. Process of application of foreigner loan is simple and fast. Borrower has to fill in the application form and submit together with the required documents. Therefore the eligibility of the individual foreign loan is according to the criteria that set by the Ministry of Law and moneylender. There are some document require when applying the foreigner loan such as tenancy agreements, passports and working permit.
Conventional banks are not the only option for applying extra funding. In fact, application a loan from banks is extremely tedious and difficult to have approval because their qualification is more restrictive. Money lenders assist a lot of people handle their financial problem and avoid from financial crisis that happen in their lives. A money lender gives human another choices and probability that give them peace of the mind.
Simple Steps for Foreigners to get Loans from Money Lenders
If you need cash urgently, most of the licensed money lender in Singapore offering foreigner loan for non Singaporean. The foreigner loan is offer to person who not a citizen or Singapore Permanent Residence (SPR) status in Singapore. Applicant credit history is not a main concern for money lender. Most of the money lender available loan application by online or phone call. Afterward money lender will contact you to provide some documents. Different money lender will request vary document but the common document are:
- Valid work permit, S pass or EP pass
- Employment letter and an appointment letter from your current company
- A tenancy agreement, phone bills, or PUB bills proving your current address
- Latest 6 month bank statement
- Latest 3 month pay slip
- Residence tenancy agreement
Aged valid to apply this foreigner loan is 21 -65 years old by Ministry of Law Singapore. Most of the money lender will approve the application within one day.
Normally repayment is monthly, according on the terms stated in agreement. There are secured loans or unsecured loan available. For a secured loan, the loan amount can be higher or as much as you need. For unsecured loan, money lender will evaluate the maximum amount of loan based on you salary income. There are
- If your annual income is less than $20,000 able to loan up to $3,000;
- Your annual income is $20,000 or more but less than $30,000 able to loan up to 2 months’ income;
- If your annual income is $30,000 or more but less than $120,000 able to loan up to 4 months’ income;
- Any amount, if your annual income is $120,000 and above.
Assessing The Right Moneylender For yourself?
In past, there are a lot misleading existed impression of money lender were bad more than good. Actually all the licensed money lender is recognize by the government of Singapore as an alternative financial solution for borrowers. Most important thing when you research about personal loan for foreigner must select a licensed money lender. The money lenders you dealing with must have duly licensed and comply with regulations of Singapore Ministry of Law.
In addition, you will realize when you converse with a genuine money lender they will give you as a professional financial advice. According your salary income, you will be advised on amount of the loan within limits set stipulate by Law of Singapore. If you find a money lender do not concern about the repayment you must sense about the trouble. When money lenders inquire are advantages for you not to obstruct you.
Another concern is when researched about good a money lender is they must able to provide transparency for term and condition of their loan product. The consultant of moneylender must clarify to you about the interest rate, repayment tenure, and all the administration charges. The best money lender will explain clearly about the details of the legal charges and lending process with you. To ensure you understand the whole process of application and there are does not have any hidden costs.
Most Trustworthy Money lender is 1st Credit SG Pte Ltd
In fact, growing of money lending market is advantage to the borrower. Bank loans not the only solution available since there are licensed money lender evaluation. If you need urgent cash there are many solutions near at hand. Money lender is become a good resource for changing many people’s lives become brighter. Moneylender is giving who had bad credit history second chance to prove themselves worthy of credit. Commonly money lender loan approval process is shorter than bank and offering flexibility of repayment.
1st Credit SG Pte Ltd fka Ariksha licensed money lender is most reliable and trustworthy in Singapore. Our professional consultancy provides best services which have many customer satisfactions with repeat customer and referral. In addition, 1st credit SG offering lowest interest rate for our entire loan product which serve you to save on cost. We are transparent compare to others dishonest moneylenders they including some hidden charges and administrative fee that will course on burden of repayment.
For more information about our foreigner loan or others loan product do not hesitate to contact us at +65 6266 5422 or email 1stCreditSGPteLtd@gmail.com.
Visit us at 149 Rochor Road #01-07 Fu Lu Shou Complex Singapore 188425.