Best Quick Personal Loans Deals in Singapore

Getting to know the Criteria to getting a Low Interest Rate Personal Loan

POSTED ON MARCH 25, 2021

Getting to know the Criteria to getting a Low Interest Rate Personal Loan

These personal loans that are offered are non-collateral, therefore it is important that we assess on borrower’s financial status to ensure the loan offered is within their financial capacity and the loan repayment plan wouldn’t be too taxing on them. We will assess based on a few points below. 
First we will look at your employment contract which states your monthly salary. We will also need to assess your latest two months’ payslip and bank statements, these information provided will help assess your debt servicing ratio and let us work out on how much we can loan you and people whom do not draw a monthly salary such as entrepreneurs or people are paid fully based on commission.
 
Your last two years of income tax returns can be used to work out on your average monthly earning. This figure would then be used to calculate the loan amount that you are qualified to borrow and how it should be repaid.
A poor credit score doesn’t mean that it is impossible to get a personal loan, if your current financial situation indicates that you are able to service a loan, we will help you get your personal loan. 
It is also possible for people whom were bankrupt, to get a loan with us provided you are able to present a letter of discharge. And that’s what makes us different from a bank, banks generally requires a former bankrupt individual to wait past at least 5 years before they would offer them any credit services. 
Qualified people that live in Singapore can apply for unsecured personal loans. The basic qualifying criteria include borrowers must be above the age of 21 years, having a steady stream of income, being citizen in Singapore. For foreigners to be eligible they need to be on a valid pass that allows them to work and live in Singapore. 
Personal loans are unsecured loans that are applied and taken for personal use by qualifying people in Singapore. Qualifying persons are those who have a steady stream of income, from employment or business activities, and are citizens of Singapore, or foreigners with authority to live and work in Singapore. In addition, you must be above the age of 21 years, which is stipulated by law.

About Us

Monetium Credit: Reliable, Swift & Efficient and with your needs at the pinnacle of our priorities, we are dedicated to giving you the best available solutions to overcome your financial hurdles. With a committed and highly talented team of officers, led by our Chairman who stems from having over a decade of experience in the finance industry, our organization has been crafted upon a strong financial foundation to ensure that you receive the best course of assistance possible when you need it the most.

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Why Choose Us? 

We are an established credit institution in Singapore providing non collateral personal loans for times when you need them. As these loans are unsecured loans, they do come with a higher interest rate compared to secured loans likes mortgage loans or vehicle loans. 
This loan is meant for your urgent financial needs. For people that need a loan urgently for emergency situation, taking up a personal loan could be the best option for you as the money will be disbursed to you on the spot when all the required documents are submitted, loan is being approved, and agreement has been signed by both parties for the personal loan that you are taking up.
The key is to take up to an amount which you need and pay it back as soon as possible by making larger instalments as an when you are able to. By doing so you would be able to clear your debts in a shorter period which also aids in your future loan applications when you need them. 
 

When To Use Personal Loan Singapore?

We can never predicts certain sticky situations that occur in our life, and at times there are situations that you need an urgent cash loan on the very exact day of your dilemmas. 

Personal loan Singapore is used for times when you are in dire situations for example medical emergencies and etc. You should only take up the loan size that you need and not loan more just because you qualify for it. 
It is also not a good idea to put the personal loan you have taken into games of chance for example gambling, trading etc. it is advisable that you make a partial settlement should you have any extra money from your loan that you do not need instead of spending unnecessarily with it.
A personal loan can help you tide through financially tough times with the right planning. Contact us to understand more on how we can help you. 

Worried about the Bad Credit record that you have gotten with Banks after too many loans?

It can be quite a difficult situation to get a personal loan when you have bad credit record. But fret not as we do offer packaged flexible bad credit personal loan Singapore for our customers, along with attractive interest rates.
Online personal loan Singapore enquiries can be easily made via our website. Our qualified professional executives would then contact and guide you through the loan process and how to improve your financial situation. Your credit rating will also improve after you returned the loan which will in turn be beneficial for future loan applications.
Contact us now if you are having difficulties in getting personal loans due to bad credit. 
Anyone could get into a financial crisis, it is important that you have a reliable financial institution you can look to during such situations. For one, you can’t get rely on banks when you have bad credit rating as they would most likely reject your application for loan.

Swift Cash Loans to pull through tough times 

There may come at some point where you are in dire needs for extra cash and couldn’t source for it within a short period. For most average Singaporeans It has been getting tougher to have saved enough for rainy days due to the economy and high cost of living. 
These financially demanding times can be stressful especially when you have no one to turn to for financial aid. At this point of time you could be wondering where you can get personal loan Singapore quick and easy. Our priority is to help you get the cash you need, fast. Contact our professional executives to understand how we can help you. 
We are able to offer you competitive interest rates for loan with no hidden charges involved. 
which gives you an opportunity to save on costs associated with the loan. 

To Begin, determine how much you need

The first step to taking a cash loan is determining how much is enough? The amount of loan that you will require can be calculated based on how much you need for the cause of it and any other overheads could make a close estimation, or you can opt for a consultation with a knowledgeable person. 
Having a good estimation of how much you need gives a good reference to help you make sure you won’t be loaning lesser than you need, or more than you need which could in turn lead to you spending needlessly.  
When you have a gauge on how much you need, you will be able to find out if you could raise the amount you need. If you are already tied up servicing a lot of loans, securing the full amount that you need might be tough. Therefore it is always best to keep yourself with as little debt as possible for times of need.  
 

Getting Your Documents Ready

Many times, fast cash loans are needed due to dire financial emergencies. To make sure that your application is processed fast, it is advisable that you call us in advance to find out what are the documents required to process your loan application. 
This will expedite our loan approval process, as you would have all the required documents ready for verification when you head down our branch to submit your application. The required documents also depend on your source of income and whether you are a Singapore citizen or not. 
Be assured that all personal documents and information provided to us are held confidentially.

Contacting Your Moneylender

Choosing a trustable Licensed Moneylender where you apply your loan from could be based on many different aspects such as the interest, repayment terms, terms and conditions related with the loan and etc. 

Service You Can Trust

With us as your chosen credit institution, you can trust that we adhere to a strict code of ethics. All charges are communicated upfront; expect no hidden charges and costs involved. 
All clients would have the contract of loan clearly explained to them before they were made to sign anything. All our clients would have enough time to review the contract they are signing with no pressure.