When it comes to borrowing money, there are two primary loan categories to consider: unsecured loans and secured loans. Each option has its own set of benefits and drawbacks, so it's important to thoroughly analyze your financial circumstances and goals before making a decision. In this blog post, we will explore the distinctions between unsecured [...]
The main difference between secured and unsecured personal loan in Singapore is that a secured loan requires the borrower to surrender collateral to the lender while an unsecured loan does not. Collateral is something of value, such as a log book, title deed, or savings account. The collateral value should be equal to or more [...]
A licensed money lender in Singapore is one who is registered under the ministry of law. He/she is allowed to give loans to Singapore citizens. The licensed lender’s operations are regulated by the government. This makes them secure, and many people prefer to borrow from them. There are many advantages to dealing with a licensed [...]
A loan is borrowed money. You can take a loan depending on what you want to do with it. There are different types of loans, each having various conditions, benefits, interests, etc. Some of the best loans include unsecured personal loans, business term loans, bridging loans, emergency funds, cash advances, and entrepreneur loans. Depending on [...]
What is a Guaranteed Personal Loan in Singapore? Secured Personal loans are loans that require some form of security, something called collateral. Collateral can be an asset such as property in the case of a mortgage or a vehicle when applying for a car loan. This guarantee serves as a promise that you will repay [...]
You may occasionally find yourself in need of immediate cash, but your savings are insufficient. You may have considered taking out a bank loan, but what if you can't get through the red tape? The paperwork, the wait, and the uncertainty of not knowing if your application has been granted- can be challenging. However, don't [...]
