Plaza Singapura

Along Singapore’s main shopping street is Plaza Singapura, comprising seven floors and two basements. Plaza Singapura sits next to Dhoby Ghaut MRT Station, which is a smart retail building location.  

You’ll find several retail outlets and fast-food chains open for families, teenagers, and young adults. It’s one good place to hang out with your friends or colleagues during your leisure time. 

But aside from that, you can also find a myriad of licensed moneylenders in Plaza Singapura. Check out these stalls and offices when you travel this way. 

What can a borrower benefit when getting a Personal Loan from Licensed Moneylenders in Plaza Singapura?

Singaporeans are hesitant to take out a personal loan because of some misconceptions.  The delay in loan application hinders you from managing your finances immediately. 

To brighten up your mind, let us discuss how a personal loan works. Why choose it with money lenders instead of other financial institutions? 

Short-term loans with Low-interest rate

Short-term loans last for at least three months up to one year. You can settle your financial obligation without building up charges. 

Low-interest rate personal loans attract aspiring borrowers more than long-term loans. Unlike short-term loans, a longer loan term drags down your payment. If you miss a payment, you’ll incur penalties. Thus, adding up to your expenses in the long run. 

The money lenders in Plaza Singapura use it as an online loan calculator. Foresee how much you’ll pay at a given time. This way, you can budget your money.

Not only for an emergency

Contrary to the belief of many, a loan is not for emergency purposes.

Take, for example, flexible loans. You can use the quick cash for several reasons: 

• Borrow a business loan for your business’s expansion 
• Fund your out-of-the-country trip 
• Take out a payday loan to meet your bills 
• An additional fund in preparation for the wedding celebration.

Name your financial need, and a personal loan can cover it.

Deal only with licensed moneylenders in Plaza Singapura. 

A bank is not the only option.

Before, only banks are allowed to lend borrowers money. But now, a lot of financial institutions pop out to assist. You should identify a licensed and reputable money lender from illegal ones.

Do personal research. The Ministry of Law provided an official list of licensed moneylenders you can find in Singapore. Use it as your guide and determine which is legal or not. You don’t have to worry if your chosen lending company included in the list. Sign up on their page for their instant cash loan. 

Loans do not create debts.

Most people think that loans create more debts. The moment you borrow money, the higher the funds you’ll need in the future. In reality, it’s the other way around. 

Licensed moneylenders in Plaza Singapura help teach you to manage your income and expenses. Follow their instructions and be one step ahead of your finances. 

Reported loan cases leading to spiraling debts are loan sharks doing. The incredulous interest rate is charged more than the law allowed.

It would be best if you read reviews and feedback about your chosen lender. This way, you can prevent yourself from being their new victim. 

Be equipped with knowledge about licensed moneylenders in Singapore.