Sembawang is a residential town in the north part of Singapore. It is a planning area that is bordered by Simpang to the east and Mandai to the South.
Yishun in the southeast borders it. Woodlands in the west and Straits of Johor to the north.
It remains as a suburban town. There are military, industrial, and recreational facilities in the town. Sembawang Camp is a military base for Singapore Armed Forces.
Sembawang Road is one of the key roads in town. It connects the naval base to the city center in the southern region.
The new town has communal facilities. Sembawang Bus Interchange replaced the old bus terminals.
The town has five (5) primary schools. They are the Sembawang Primary School, Canberra Primary School, and Endeavour Primary School. The other two are Wellington Primary School and Northoaks Primary School.
There are three shopping centers in town. They include the Sembawang Shopping Center, Canberra Plaza, and Sun Plaza.
There are parks around the town as well. The first one is the Sembawang Park, which is a popular spot for campers.
Sembawang Hot Spring Park is the only hot spring park in Singapore. The last one is the Sembawang Park Connector. It connects all major parks.
Smart Guide to Licensed Moneylenders in Sembawang
If you are in an urgent need for financial assistance, getting a loan is the first choice for most. However, landing to the best-licensed moneylender in Sembawang could be a struggle.
Here are things you can do to help you get the best-licensed moneylender in Sembawang:
Search for Reviews
You can get into trouble if you choose an illegal moneylender. Some moneylenders may have flashy advertisements. Others have well-spoken representatives to lure you into getting a loan from them.
To avoid this kind of situation, you should invest in trusted licensed moneylenders in Sembawang.
You can check testimonials from former borrowers. You can also read reviews. By doing so, you can get solid insights into the performance of the licensed moneylenders.
Check the Benefits in a Loan Package
To narrow down your options, you can try to know the kind of benefits that you want to get.
One of the significant benefits is its capability to address your urgent needs. Choose a moneylender in Sembawang that can give you financial needs as soon as possible.
Another thing to know is the duration of your loan. It could be short-term or long-term. One great advantage you can get is if they can give your loan in a quick process.
To boost your credit score, get a licensed moneylender in Sembawang. Choose the loan that has a workable payment plan.
If ever you need to pay your utilities, you can get a loan with a short-term payment plan.
Know Type of Loan for You
To compare the ideal licensed moneylender, know the type of loan that is most suitable for you. Here are the types of loans:
If you have utility bills that need to be paid as soon as possible, you can get a payday loan. Take note that you can apply for it if your next payday would take about a week more. It is designed to help people with their financial problems within a payday period.
If you need to pay your bills as soon as possible, getting a personal loan can help you. Take note that you can also use a personal loan for your future investments.
You can also use it for emergency expenses, pay for property or assets.
Licensed Moneylender in Sembawang
Are you planning to upgrade your private property into a huge investment? Then, a bridging loan could help you.
You can use your bridging loan to pay for a downpayment of your property.
While waiting for your property to be sold, you can use the bridging loan. This is to help cover your expenses during that period.
"What if I'm still dealing with my debts from my previous moneylender? Can I still borrow from other licensed moneylenders?"
The answer is, YES.
You can apply for a debt consolidation which will combine all your debts into a lump sum. You won’t have difficulties tracking your loan.
And the advantage is the interest rate could be lower compared to having many debts.
Compare the Fees and Interest Rates
Interest rates could vary for each licensed moneylender in Sembawang. Take note that the maximum interest rate is four percent (4%) per month. This applies to whatever your annual income is.
Licensed moneylenders compete against each other. Some could offer a low-interest rate. Compare the interest rates of your prospective licensed moneylenders.
Things to Consider in Getting a Loan From Licensed Moneylenders in Sembawang
Since you know what to do before applying for a loan, here are some more insights that you have to consider.
Nobody wants to be lured into a scam. Many moneylenders could be alluring. But be careful since some of them could turn out to be a loan shark.
Make sure that you are dealing with a licensed moneylender in Sembawang. And check if their license is valid and reliable.
You can also know their eligibility if they have a physical office. Try to check your prospective moneylender from the Registry of Moneylenders in Singapore.
Every time you are dealing with a licensed moneylender, ask about a contract. It should be in print. Have the terms in the contract be discussed to you.
Double-check every detail in the contract. Take note of the repayment schedule, interest rate, and more. If you have any questions, do not hesitate to ask your financial representative. Lastly, ask for a copy of the contract.
When applying for a loan, ask your licensed moneylender about the requirements. Make sure that you provide them all the necessary documents.
Also, make sure that your documents are not falsified. They use those documents to verify your identity.