Some knowledge about personal loans

What are personal loans?
Personal loans are a sum of money which is burrowed from a company, a bank or a burrowing person. It depends upon your requirement that how much loan do you need and what is your purpose. Will your purpose gets satisfied with the amount of loan you are taking or you need some more? It is an advise that try not to take multiple loans because it is hard to return and all you get into is a huge trouble.
How do we borrow personal loans?
Loans are burrowed by following a certain procedure. You need to attend meetings with the burrower, you need to complete the paper work, you need to provide proofs why you need a loan and your credit cards will be check for you have any previous debts to pay or no. If you do so, it would be very difficult to file another application for a loan and you wish that it might get accepted. So personal loans are burrowed under certain conditions of which some are mentioned over here.
To what extent it is beneficial?
It is beneficial for you to an extent where you are able enough to repay the loan. Otherwise it is all a disaster. Before burrowing a loan make sure you are able enough to take it and all the conditions get applied on you. Also it is useful for you when your task gets completed on time and there is enough time for you to pay back to the loan provider. Is it does not happen then the conditions written on the loan agreement may be applied on you and you may face harsh circumstances. So, personal loans are beneficial as well as harmful. It depends upon you that how you take it along with you because paying back is must a little percent of the interest.



Everyone wants to get loan instantly. This had not been so easy to get loan in your wallet. Isn’t amazing? Along with proving you multiple and handsome loan packages, our aim is to provide you complete convenience and ease. Our company plans on expanding wide range of attractive services to make you feel satisfied from all perspective. To provide you comfort of lending up loan, we offer credit card opportunity.

The loan you choose is directed to your credit card. We offer you cash withdrawal facility on your credit card. You can pay your all bills and shop for the accessories you want via your credit card. Your convenience is our first priority. Our services are not merely confined to provide consultancy with our adept professionals in friendly and cooperative environment and to facilitate you with hassle free application process. Our services go beyond this. We directly provide you loan in your wallet so that you can easily pay the cash wherever you want by using credit card.

We are on the aim of making you financially stable by giving you loan in the most favorable and efficient way. Credit card facility saves you from hassle and troubles and bridge up your financial difficulties in this simplest way.  It is one of quickest options for obtaining the loan. Withdrawal of the cash via credit card can satisfy your needs at the spur of the moment.

Loan on credit card is akin to personal loan singapore with the advantage that there is no documentation involved; hence it is quickest mean of acquiring the loan. Credit cards provide you with access to a host of value added benefits. Whenever you want and wherever you need, you can make the use of your loan with the help of credit card.


Getting higher education is the dream of many students. This dream sometimes seems to be impossible because of shortfall of money. Not need to disappoint, if you lack money and want to pursue higher education in any other country. We are best at providing you student loans packages that do not only allow you to go abroad for gaining education but all your expenses are our responsibility that come in your way of education.

From study expenses to residence, books and transportation, our educational loan cover up all. With us, move ahead towards bright future. Financial constraints are no more hurdles in pursuing your dream of higher education. Students are encouraged to consider all of their borrowing options to ensure the best possible choice for their individual needs.

If you meet the criteria for educational loan packages from top money lenders Singapore, apply for loan and make your future bright.

Can the Applicant Request for Deferred Loan Payment?

Can the applicant request for deferred loan payment? For example, defer by 1 year or when revenues reach a certain pre-agreed level?

singapore (I-Newswire) June 2, 2014 – If you go for a loan to the mainstream financial institutions and request for deferment period of one month, unquestionably, they would not allow you any deferment. Undoubtedly, they give loan on purpose. They have staffs, office and various other expenditures and they cannot afford any deferment.

Logically, you go to these companies, when you have insufficient fund and you have a better business plan for the investment. Moreover, you also have some of your own resources such as premises, cash and existing business structure.

Therefore, you do not need to ask for deferment of one month or more. You have a great hope that you would succeed in your business and in a few years would return the borrowed loan. However, not all that glitters is gold. Sometimes, people have to face significant losses and they have to face bankruptcy.

Click here for Reading  Press Release of Money Lenders Singapore

What are the indicative repayments?

For repayments, the chosen method is fortnightly repayment schedule. You can view in the given table that displays the indicative repayment amount per $5,000 with different interest rates and during dissimilar years.

Effective Interest Rate Per Annum Year Per $5,000
8% 1 217.47
2 113.07
3 78.034
4 81.03
5 50.69
6 46.315
10% 7 41.505
8 37.935
12% 9 37.96
10 35.87

Fortnightly Repayment Amount

The above-mentioned table provides every detail. For instance, if a loan of $5,000 is obtained for one year then after every fifteen days the borrower will have to pay 217.47 SGD and this amount is exactly the 8% of $5,000 SGD. Similarly, if an amount of $5,000 SGD has been obtained for 7 and 8 years, then the interest rate will be 10% 41.505 or 37.935 SGD. Likewise, if the similar amount is borrowed for 9 or 10 years then the borrower will have to pay 37.96 or 35.87 SGD.

You can make a similar chart with $10,000, $20,000, $30,000, $40,000 and $50,000 and then you will have to add percentage according to the years of repayments.

However, the amount of repayment can differ or increase, if you would be unable to pay (Singapore  loans) on the set date. In that case, the bank will add additional interest in the mentioned amount.