East Coast is a beach and park along the southeastern coast of Singapore. It is known as the largest park in Singapore. It is built on a man-made beach.
You can find food centers and amenities for sporting activities in the East Coast Park.
You can also go to the National Sailing Center which organizes water activities. You can try sailing or surfing activities in the place.
Marine Cove has many cafes, restaurants, and bars. Marine Cove is the recreation center of East Cost.
Bedok Jetty is popular in Singapore for its long fishing jetty. It is the place where cyclists, rollerbladers, or joggers usually go to. It is the most popular place for fishing enthusiasts.
East Coast is accessible to commuters through the East Coast Park Service Road.
It provides enough space for parking. The park is also connected to other parks in Singapore.
Aside from recreational facilities and food centers, you can find also financial facilities. They assist people who face financial difficulties.
One of these facilities is the licensed moneylenders on the East Coast. Here’s to know more about these reputable lenders in the place.
How to Get a Personal Loan from Licensed Moneylenders in East Coast
Step 1 Go to the licensed moneylender’s website and research about them. Know about their repayment terms. If you are unsure about their interest rate, you can check about it through the loan calculator.
Step 2 After analyzing your prospective licensed moneylender, you can sign up. Provide the necessary information about you.
Step 3 When you are finished filling out information on the signup, check your email. They may send you a message via email, or you might receive a call from them. They would set an appointment with you.
Step 4 Upon going to the office, you should bring all the documents that are required for you.
Step 5 The loan officers will then explain detail-by-detail about your loan term. It will be your repayment terms, the payment period and the interest rate.
Step 6 If you are good with all the terms discussed to you, you can sign the contract. Make sure that the terms are clear to both parties.
Step 7 Once everything is processed, you can receive your funds. Before you get your fund, do not forget to get your copy of the contract.
Top Reasons for Personal Loan from Licensed Moneylenders in East Coast
A personal loan is a type of unsecured credit. Borrowers resort to getting a personal loan to reduce their financial hardships.
Here are some top reasons for a personal loan from licensed moneylenders in East Coast:
Merge your Debts
Some borrowers carry many debts or loans. And each has different interest rates.
Having several loans or debts could be confusing and troublesome to borrowers. That is the reason why some resorts into a personal loan to pay off all loans and debts.
Once all debts are paid, borrowers can now settle for a single monthly payment. This is a lot better because it is more organized and might pose a lower interest rate.
Licensed Moneylender in East Coast
You can use a personal loan to unexpected expenses when you do not have enough money on hand.
You can pay off medical bills such as dental work. This also includes cosmetic surgery and other medical procedures.
Many of the borrowers apply for a personal loan to help cover their medical expenses.
Getting a personal loan can also cover major home projects like major renovation. Some use it for major car repairs.
In a different case like funeral expenses, personal loans can help as well.
Some forgot to prepare for this kind of event. If you didn't prepare for it, your family will suffer in covering funeral bills. This is applicable if the deceased does not have insurance.
Huge and Major Expenses
Special events like weddings come only once in a lifetime. Most people want it to be extra special.
Expenses for the venue, the bride’s dress, or wedding coordinators could be expensive.
But to make such events successful and memorable, you might need to get a personal loan as a back up to all the expenses.
Everybody wants to give themselves the gift of having their dream vacation. This could get pricey.
You can apply for a personal loan to support your travel expenses if you can't pay it in a lump sum.
Jumpstart a Business
If you are a business-minded person who wants to jumpstart this career, you might need a personal loan.
The real struggle to start a business is capital. Many thought that getting a loan to build a business is very complicated.
"You have to save money, keep it, and use it if its good to start the business." This is a typical mindset.
This is not true to all entrepreneurs because it will take many years before you can save to have a capital.
Businessmen use personal loans to save money that is left to keep. Then they generate income from borrowed money.
Getting a commercial loan is not necessary if you are a solo entrepreneur. A personal loan would be enough to provide the capital to help start your business.
No Collateral Needed
Since a personal loan is unsecured, they don’t ask for collateral. You can rest assured that your assets and properties are safe.
Getting a more secured loan like a car loan or a housing loan would ask for collateral. This could pose risks to losing your assets or properties once you are unable to pay off your debts.
When you get a personal loan, there is no danger of losing your assets and properties.