Macpherson

Macpherson is located in the Central part of Singapore, specifically in Geylang. It is in between the neighborhoods of Aljunied and Paya Lebar. 

The district was named after Colonel Ronald Macpherson. It consists of small public housing and industrial area. It was a sleepy state because some of its places were inaccessible by public transportation. 

The industrial center is more lively and active. It focuses more on manufacturing. Media and events companies are also in their industrial center. 

The car industry in Macpherson is not as active compared to other industries. That is the reason why there are a few car marts, vehicle repair shops, and car dealers in Macpherson. 

Public schools are around the district. It also houses charity institutions like Asian Women’s Welfare Association. 

There are food centers in Macpherson like Jackson Food Center. It is an old and famous food center in the district. 

Macpherson is one of the promising districts in Singapore because of its steady improvements. There are also licensed moneylenders in the district that give aid to their locals. 

Pros and Cons of Loan From Licensed Moneylenders in Macpherson

Personal Loans

Pro

Personal loans are the most popular in Singapore. You can use it in many ways since it is a flexible loan. Like financing your vacation or for your capital as a solo entrepreneur.

A personal loan is easier and faster to process because your moneylender will ask for lesser documents. With a personal loan, you don’t need to risk your properties for collateral. Your moneylender will not ask for collateral. 

Cons

Pleasing as it is, a personal loan does not apply to everyone. The individuals who are eligible to apply for personal loans are those that have high incomes. 

People who are under sixty (60) can also apply for this loan. But if you are older than sixty, your chance to get the approval is low. 

Moneylenders make such policies to ensure that you are capable of paying them back. With this, you’ll need to have a good credit score. 

Education Loans

Pro 

Parents in Singapore are willing to spend their life-earned money for the education of their kids. Unfortunately, not all Singaporean parents can provide educational finances for their children. 

The answer to this is for them to apply for an education loan. Are you a student? You can also get educational loans. All you have to do is to provide documents that will prove you being a student. 

Education loans have a high approval rate. They also offer a low-interest rate. So whether you are a parent or a student, theirs no worry about getting the finances that you need for education. 

Cons

There are a few cons to educational loans. As long as you continue with your education journey, there will be no problem with education loans. But some issues might arise if you fail or drop out of school.