Understanding the Total Debt Servicing Ratio (TDSR)

The total debt servicing ratio or TDSR is the maximum threshold for property loans. Usually, you are only allowed to dedicate up to 60 percent of your gross monthly income to debt repayments. And you have to remember that the TDSR is not a temporary cooling measure. It is a permanent structural reform followed by […]

What You Should Know About Singapore Moneylenders Act

Borrowing money has become an important industry in Singapore. It has helped thousands of people survive financial crises and difficulties. But, the business of moneylending is not free of problems.  There are loan sharks or “Ah Long” which are illegal lenders who would charge exorbitant fees and who are willing to use violence and intimidation […]

Are Unsecured Loans a Good Idea?

If you’re looking for a personal loan in Singapore, chances are you’ll need to choose between two key loan types: secured loans or unsecured loans. The main difference between the two is that secured loans, like mortgages, home loans and car loans, are tied to collateral or personal assets. In contrast, unsecured loans, like revolving […]

5 Ways to Improve Bad Credit Score in Singapore

A bad credit score can greatly negatively affect your loan-taking transactions. Some financial institutions, such as banks, will not approve your loan application with a credit score that is less than optimal. However, it is not impossible to improve bad scores, although it will take some time and effort. Understanding Credit Score Your credit score […]

Top 6 Legal Money Lenders in Singapore

Singapore has one of the most vigorous financial industries in the region. It is no surprise that the country abounds with money lenders that offer various financial and loan services.  However, not all of the hundreds of licensed money lenders in Singapore offer the same level of quality of services. This is why, we decided […]

Learn How to Borrow Money in Singapore With This Guide

There is no need to rely on an ‘x ah long’ to ease financial troubles because a Singaporean, permanent resident, or even a foreigner can borrow from banks, financial companies, or licensed moneylenders.  Factors to Consider When Choosing a Loan Provider When you apply for a loan, there are factors of considerations that you have […]

Best Short Term Loan in Singapore 2021

Businesses and individuals may fall out of capital or money, respectively, to purchase immediate or urgent needs. When this happens, a short term loan like line of credit, payday loan, invoice financing, merchant cash advances, among others, could be a lifesaver. The debt will most probably get approved than not because in this type of […]

Where to Apply for a Loan if You Have a Bad Credit?

Loan applications are stringent in themselves, with eligibility criteria and lots of requirements. Coupled with a bad credit score, this may be more difficult and almost impossible to achieve with lending institutions such as banks. However, it is not completely impossible to get an approval with that kind of situation. Understanding how credit scores work […]