There are times, right before your payday when, you have exhausted all your salary. Those days are difficult, right? But hey, what if you get into an emergency during this broke period? Well, to avoid these kinds of situations and emergencies, you can take help from the licensed money lenders of Singapore. They will provide you with something known as a cash advance loan or a Payday loan. Cash Advance Singapore is one of the easiest ways to get instant money against your payday.
If you require instant cash for an emergency, you can opt for the cash advance loan; you can take it from the banks or licensed moneylenders.
Cash Advance loan from the banks
With the banks, you can get cash advance loans in two ways. If the amount is minimal then, you can directly use your credit card at the ATM and get instant cash. Later, that money will get deducted from your bank account. This method is usually applicable for smaller amounts. However, if you want a more significant sum, then you can go for the overdraft facility and avail of up to $25,000. The availability of this facility entirely depends on your current financial situation and reputation with the bank. If you had taken these loans before and paid all the dues on time, you are more likely to get an enormous amount as well. But if that’s not the case, you may have to settle for less money.
It also depends on the flow of cash in your current bank account. See, you can get instant cash from a credit card. However, the chances are that you might have to be patient with the overdraft, which might take up some time.
Cash Advance Singapore from money lenders
Licensed money lenders of Singapore also have this facility. They are quicker when compared to the banks. And if you have takes any loan or cash advance before, then it is just a matter of a few days, or in some cases, it is just a matter of a few hours. All they ask for is the date of your payday, and they will provide you with the money. Once you get your payday, you can return all the money with respective interest as applicable. Cash advance Singapore is one of the easiest ways to dodge those emergencies.
Benefits of Cash Advance Loan
- The qualification conditions for cash advance loans are less complex:
The headache involved in getting a conventional bank loan is excruciating. There are high probabilities that your loan application might even get rejected. So, if you are willing to get instant cash for maybe your business or some forgotten bills or medical emergencies, then a cash advance loan can come in handy. You don’t have to wait for days and months to get approval from the banks or go through the extreme filling procedure; you can simply go to a licensed money lender and get a cash advance loan. It’s not like the moneylender would give you the cash directly. They will also conduct a few background checks on you. But this is much easier and less intense. The chances of you getting rejected are negative. Plus, you can get the money instantly. The licensed moneylender checks if you can repay the amount. If you can, he is willing to lend you the needed money. Such money lending firms might ask you to fill out certain forms that might ask you about the job that you do and your salary-related questions, but that’s that.
- Cash Advances are flexible:
See, when it comes to the banks, they calculate the amount they can offer you. Sometimes it could be much lesser than what you need as they might charge a few dollars here and there. So, if you need a fixed amount, then cash advance loan could be the best option. With bank loans, you are stuck in the circle of monthly EMIs and interest rates. With a cash advance, these things are very flexible, you can discuss it with your money lenders, and you can decide the terms along with them.
- They are extremely convenient:
As mentioned before, there is minimal or no paperwork for availing of these loans from licensed moneylenders. Also, they are easy to get approved. No need to fill out massive forms or attach a whole set of documents. Just a few checks here and a few there, and voila! Your cash is ready for you. ( Well, we advise you to do a little paperwork no matter what, as this gives a sense of security).
How can OT Credit help you with Cash Advance loans?
OT credit is an online platform that helps you with your financial needs. It is basically your virtual money lender that helps you in the time of emergencies. You can use OT credits from the convenience of your homes. It is a licensed money lending firm that provides a ton of services.
Be it a personal loan, business loan, or cash advance loan; you can get your hands on the cash with OT credit quickly and conveniently. The interest rates are also budgeted, and you can stay financially secured with OT credits. You can apply for any of these loans online and say yes to reliable and instant financial aid from OT credits. Sign up today and find the best assistance for your financial requirements.