Is Higher Effective Interest Rate Better?

In getting a bank loan it is important that you are aware of the important difference between the advertised interest rate and the effective interest rate.  Awareness of this distinction would give you better insights on the expense that you are incurring in relation to loans that you decide to avail. But aside from this, […]

What Are Your Responsibilities as a Guarantor for a Loan?

When we talk about loans in Singapore, it is almost always that we mention the word guarantor. But what does guarantor actually mean? What does he/she do?  In this article, you will learn what a guarantor is, the guarantor’s qualifications, and responsibilities. Either you need to look for one or are being asked to be […]

Bridging Loans Explained: How Does It Work?

Singapore has been known to have one of the most expensive housing markets in the world. As one person’s family grows bigger or career gets further, a need for a new home and space is inevitable.  However, given the high rate of residential spaces in Singapore, people are apprehensive about buying one.  As a solution, […]

What You Need to Know Before Applying for Student Loan in Singapore

Singapore is one of the world’s best examples of a fully-globalized country while preserving its core culture. Globalization brings many pros and cons; education costs being one of the latter. Truthfully, Singapore has one of the highest-quality education sectors worldwide, but it doesn’t mean it’s always affordable. Nowadays, Singaporean families pay nothing for primary school […]

5 Smart Ways to Get Out of Debt

Living in Singapore can be expensive, and it isn’t always easy to cut back on credit card use and loans. Unfortunately, debt is a growing problem and finding effective ways to reduce debt requires a little knowledge and know-how regarding the various options available to you. You may have heard about one or two strategies […]

What Is the Debt Repayment Scheme (DSR) in Singapore?

From time to time, we all encounter problems with debt. Sometimes, keeping up with bills, credit card payments and borrowing obligations isn’t always easy and debts can spiral out of control – leaving people running the risk of bankruptcy.  If you’re a debtor looking to agree a suitable repayment scheme or repayment plan with your […]

Best Licensed Money Lenders That Open on Sunday

Life in Singapore can be fast-paced, hectic and oftentimes expensive. From time to time, we all need to find some quick cash, whether that be by applying for credit, borrowing money from a bank or approaching licensed money lenders for a competitive business or payday loan.  There are tons of amazing moneylenders on the market […]