Low Interest Personal Loan Singapore

Several Singaporeans believe that the personal loan with low interest rate as the most convenient and risk free way to raise money during emergency. You can easily take control of your monetary condition with the low interest personal loans Singapore.

Cash advance – personal loan Singapore

Along with low interest rates, many banks offer the flexibility of cash advance, which attracts more and more people to apply for personal loans.

Legal personal loan Singapore

In Singapore, the market of personal loan is very competitive, offering a wide array of options for the consumers to choose from. You will come across a good many money lenders in Singapore with exciting offers for their personal loan. However, it is ideal and safe to apply loans in legal institutions like Citibank, which offers immediate cash advance within an hour’s time, at as low as 4.83% interest rate per annum (EIR 9% per annum) for 36 months tenure, as a welcome offer.

5 Common Reasons Why Singaporeans Take Personal Loans

The Singaporeans take up the unsecured personal loan to meet their short-term financial needs. To name a few, the hospital bills, holiday expenses, PUB bills, education fees and car repairs are the common reasons.

When is Personal Loan the Best Option?

People who do not have any collateral security to apply for a loan consider personal loan as their best option because it is an unsecured loan, where income proof (for both salaried and self-employed) is the key factor that decides the approval of the loan.


How do I Approach Bank for a Personal Loans?

There are world’s best banks offering the best products in Singapore today. If you haven’t already been cold called (or followed up on from somewhere), and are in need of a loan, just check out their online promotions and apply for loan online. No bank today can afford to not open the online channel, so for most products one can simply approach a bank online and look up their personal loan products.

What are the Minimum and Maximum Loan Amounts?

As a rule, all loans are based on your earnings and income. There are no minimum and maximum fixed amounts. Some banks allow you to enter amounts even as low as $100, for which they display, tenure, interest rate and our monthly payment on their loan calculator system. How much you earn, how much you can pay back after taking into account your other liabilities, and your tenure is what will decide if a certain amount is within your limit or not. Do check with a bank against your income.

What are the Loan Tenure Options?

Loan tenures range from a 12 months (outside the banking sector, shorter terms for personal loans are also available but they do not come within the ambit of established lending) to 60 months averaging for personal loans. Home loans are typically of longer tenures.

How much Time will it take for my Loan to be Approved?

You can get yourself an in principle approval within a day. That is the fastest. Citibank claims a 1 hour approval time for its personal loans and it may be an exception or a promotion. Do look around, loan approval times are not as bad as we think, especially for personal loans. If your paperwork is in place, your income is sufficient to cover the EMIs and your credit history is good, you should be able to avail these quick loan approval products.

How do I Repay the Loan?

Upon approval, the funds will be deposited within the next few working days into your account. From them on you EMI’s will start to go out on the fixed date that cannot be changed. You can continue to repay your loan via your EMIs or go in for a pre closure. In case of a before tenure repayment, you might have to pay a certain pre closure fee and that differs from bank to bank. A certain percentage of the outstanding amount will be charged when you go in for such pre payments. Then there are those that also make part payment that are more than their EMIs. Three of four big part payments get down the remainder amount.

Difference Between Asset Management and Investment Management

Asset Management vs Investment Banking

Asset management

Is the management of a client’s investment wherein as a part of the management the company doing the management will invest on behalf of the client.

Investment banking

Is coming up with options, in addition things, to help a company or an individual create capital through strategic investments.
Simply put, asset management is managing money that clients already have, while Investment management is generating money for the client that the client does not have.

What is Asset Management?

All that you hold as assets—your land (real estate), your stock holdings, bonds and more, needs management. Your assets when not managed or not managed well enough will not hold the value for you in the way you had planned. There are companies and agencies that do professional asset management and are sought after, predominantly, by the high net worth community. When you have a large, diversified set of assets, it becomes important for you to seek out focused and professional attention to keeping the assets going. For example, if you have a big office or a sprawling store house, they are in themselves units that require management—rent collection, the maintenance and upkeep, changing laws and meeting the stipulations all require expertise of a different sort. That is what an asset manager offer. This is just an example of what is taken care of in terms of property asset management. Typically the offer their expertise for a equity, fixed income, real estate, commodities and international investments. Setting of financial goals, making projections and drafting a strategy including investing in the profitable assets and risk analysis is what asset managers do.

What is Investment Management?

An investment is what makes to earn more and to be able to grow your wealth from the initial investment made; an investment is not a saving but an income generating process and almost everyone today is investing for the future; investing themselves with some insights available to them or to turning to professional investment management firms ( and banks) to get their investment needs met. While a savings can offer you the cover you need for the rainy day, it usually will not generate much with the interest that it earns. Interest earned from savings do not, normally, let you get ahead of the inflation that occurs year after year. Investments on the other hand grow( when successful) and yield more returns. They potentially have what it takes to not just catch up on inflation but also overtake it. Typically investment management includes but limited to financial statement analysis, strategizing portfolio, asset analysis and monitoring investments. Bank today in Singapore (and also elsewhere in the world) offer investment management and asset management services as a part of their wealth management and investment management offerings. Citi Singapore for example has a clutch of short term assets, long term assets and liquid assets options. Unit trusts that Citi offers help you diversify you investment portfolio and is managed by according to them some of the most reputed fund managers. On the other end of the spectrum it also offers a regular savings plan which can be started with as little as s$100.