Legal Loan Singapore has found you one of the best moneylenders in Singapore. They currently provide monthly installment loans to all their clients. This is not a common practice in the money lending industry. Many money lenders actually only offer biweekly or even weekly loans. Monthly loans can be found but it is rare to find monthly installment loans.
Different teams of people have gone down to these offices on several occasions over the weeks. This is done to find out if they provide consistent service throughout. They charge a fixed interest rate for all monthly repayments. Do you need extra cash for house renovations? Or perhaps money for a vacation? A monthly loan is one of the best choices for you as it provides you stability on a tight budget. Plus you only get your salary once a month. One of the money lenders even offer to customise the loan to suit our payday! At no extra cost! They allow me to pay after the due date without any late charges. Of course we are not that late, just one day after.
This is huge because other licensed money lenders in Singapore that we have visited are extremely strict. They will charge us the full late charges even if we ask them to give us an extra day. With that said, it does not mean that we encourage you to pay late. It is good to pay on time so that you build a good relationship with the lender. This will help you in the future when you need a bigger cash loan or additional loan. Due to the fact that you have a good history with them, they will also be more confident in providing a bigger loan!
Advantages of a Monthly Loan
The most important advantage of a monthly loan is that you can have a peace of mind. Why is this so? This is because you know that your repayment amount every month is the same and will not vary. A simple repayment plan makes it highly affordable for everyone. In addition to that, you do not require a guarantor unlike other loans. Furthermore, these money lenders also offer one of the best interest rates on all their loans. This includes other loan types like renovation loan, car loan, business loan etc.
You are only required to do the paperwork once, get the money and follow the repayment schedule. As the loan is a monthly loan, the date of payment for every month is fixed. Monthly loans are easy to understand and allows you do your monthly budgeting.
Another important advantage of their installment payment is that it helps you to keep your finances simple and manageable.
Installment loans = Easy finances
As a licensed moneylender operating across Singapore, they have help many individuals and business owners with the money they require to reach their goals. They have been offering loans to many people who are caught short between their paydays. Furthermore, foreigners working in Singapore who are in need of additional funds have also approached them. They provide a wide range of loans, covering every need that you may have.
Get in touch or call us at +65 6871 4268 if you have any queries about licensed money lenders. Alternatively, you can also visit their office for a free one on one consultation. Or call them to find out more about them.