Licensed Moneylenders Braddell

Braddell

Braddell is well-served when it comes to transportation. Residents travel comfortably through the Braddell MRT station. 

Visit the most sighted places like the Braddell Heights Symphony Orchestra and Braddell Heights Single Member Constituency. 

Aside from that, you can find government learning institutions in Braddel. Enrol your kids at Braddell Secondary School or Braddell-Westlake Secondary School. 

Take out an unsecured personal loan. Apply at the Licensed Moneylenders in Braddell. 

Loan Limits by the Licensed Moneylenders in Braddell

According to the Moneylender’s Act, every qualified borrower can take out a loan. 

However, you can take home a specific loan amount only. Licensed money lending facilities do not promise a loan amount. There is a ceiling loan value for you. 

Are you afraid you won’t get enough quick cash? 

Licensed moneylenders in Braddell limit their loan cash based on the borrower’s regular annual salary. 

Let us show you how it works.

Before we start, answer these questions. 

• Are you a Singapore Citizen or a Permanent Resident? 
• Are you a foreigner residing in the country for work? 
• How much is your regular annual income?

From here, you can identify the loan amount limit for you. 

Singapore Citizens and Permanent Residents 

If you are a Citizen and a Permanent Resident of the country, here is your allowed loan amount. 

Do you earn less than $10,000 per year? Your ceiling loan amount is $3,000. 

Do you earn at least $10,000 and less than $20,000 per year? Your ceiling loan amount is also $3,000. 

Do you earn at least $20,000 per year? Your ceiling loan amount is six times your monthly income.

Foreigners Residing in Singapore

The best thing about Braddell moneylenders is their loans aren’t limited to Singaporean citizens and permanent residents. Foreigners can also benefit from lending institutions. Here are the loan limit amount for foreigners. 

The loan amount you can get depends on your annual income. If you’re earning a regular income of less than $10,000, you can only get a loan amounting to $500. 

If you earn an annual income of $10,000 to $20,000, you can get a loan up to $30,000. But if you have a regular yearly income of at least $20,000, you can get a loan limited to six times your monthly income. 

From here, you can figure out how much loan amount will possibly grant to you. Take note that this loan limit applies to all your current loans and succeeding loan. 

What does that mean? 

If you are a Singaporean who earns $12,000 yearly, the ceiling loan value is $3,000. 

For instance, you took a loan from Lender A worth $1,000. When you apply for another loan with Lender B, the remaining $2,000 is allowed for you. 

Whichever moneylender you apply, they always check the Credit Bureau. Reputable licensed moneylenders in Braddell reviews this. The ceiling loan amount is for your financial safety. This way, you will not borrow more than you can handle.