Licensed Moneylenders Tanglin

Tanglin

The Central Region of Singapore has many planning areas, and one of them is Tanglin. Surrounding Tanglin are the towns of Newton, Orchard, and River Valley. Add to that are the Singapore River (west), Novena (south), Bukit Timah (east), and Bukit Merah (north).

Lies within the place are some luxurious hotels, vast green gardens, and restaurants. Over the years, Tanglin developed into one beautiful and modern town, housing different industries, including lending sectors. 

Licensed moneylenders in Tanglin are accessible. It provides financial assistance for all the residents who are facing financial dilemmas. 

Here’s what you need to know more about personal loans.

Why Choose Personal Loan than Credit Cards?

Over time, personal loans and credit cards are competing for financial help. Both have advantages and, at the same time, disadvantages. 

Read on the following and discover the difference between both personal loans and credit cards. 

Free from collateral

Personal loans do not need collateral from borrowers. When you want to take out a loan, you don’t have to worry about leaving a priced possession behind. 

Meanwhile, a credit card application needs to get your property. It is their way to know how you can pay off your credits. 

If you fail to pay off your loan and get a default, your property is in jeopardy. 

You can save your personal belongings and property by applying for a personal loan from the Licensed Moneylenders in Tanglin.

Low-interest rate

A low-interest personal loan is one of the best short-term products of Tanglin money lenders. The basis of the interest rates is the principal amount and repayment term. 

While credit card, on the other hand, doesn’t have a flexible term. The habit of continuous swiping of your credit card can lead you into immense debt. You wouldn’t realise it since you’re not handling cash. 

Choosing personal loans from trusted lending companies is the best option. You can select the term and monthly repayment that better fit your current budget needs. 

Cover unexpected expenses

You can use credit cards by swiping them. If a particular store or restaurant doesn’t have this, you can not use your cards. 

What if there’s an urgent need? Your credit card will be of no use. 

With instant cash loans from a licensed moneylender in Tanglin, you can pay off such expenses.

Through the payday loan, you can settle the sudden increase in your utility bills. 

Get quick cash within the day of the application. Pay your bills at the end of the day. 

Remember only to choose legit money lending institutions. Licensed money lenders in Tanglin are one of them. 

 Used for anything

Personal loans are for your individual needs and expenses. It can be for utility bill payment or medical needs.  In the case of emergency hospital bills, it can be of use. Fund for renovations and more? Yes, there is, and the list can go on. 

Credit cards are used only for shopping and dining. Sometimes for booking accommodation. Its service is not as various as quick loan cash can do. 

Make sure you have the proper estimate before you apply. Licensed money lenders in Tanglin use a loan calculator. Be guided with this simple tool. 

Applying for a personal loan is more convenient than credit cards.