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.