Where do you go when you need emergency cash as soon as possible? The most common answer would be to visit a money lender. Although banks would be the best option because they have lower interest rate but their process would take some time. Banks also would immediately disapprove your loan applications if you are going through serious financial problems and bad credit rating. Before you visit any lending company you have to make sure that they are reliable and licensed to make sure that you are dealing with a legitimate lending institution. |
If you want a minimal amount for a personal loan, there are licensed lending companies you can check out. These lending companies would only require an approval from their head and they can immediately release your emergency cash very quickly. You can apply online for faster and easier transaction with less paper works and requirements from your end. Unlike banks that you have to submit a lot of proof that you are able to pay them the personal loan you wanted. You also have to remember that these lending companies could not offer you a huge amount of money unlike banks do. Approving loans in a timely manner is one of the disadvantages of passing a loan application in any banks. Their process is slow because they have to make sure that you are capable of paying them what you owed the bank. If you have a medical or legal emergencies, banks are not reliable. You have to seek the help of lending institutions to save you from these problems.
As you want instant cash to solve your problem, money lending institutions give out high interest rates. Before you are a victim of this high interest rate, search for those lending companies that offer the least amount of interest rates. Lending companies mostly targets those individuals who needed cash immediately so they will not care if they will be paying higher interest rates which could even reach up to 30%. It is really best to do some research and find the best option for you. Unlike banks that give their disapproval upon knowing your credit score, money lending companies do not care whether or not you have bad credits. They only care that you are able to pay them when you are due. If in case your credit is too messy, there are times that these lending companies will disapprove. It is best to tell them the truth on the purpose of your loan so there is a chance for you to get approved.
If you are having a bad credit, having a letter of discharge could be one way of having an approval to any lending companies. They do not require for extra 5 to 7 years after the release of letter of discharge before they will let you loan. That is why most lending companies are being preferred because the transaction is fast, easy and hassle-free.
If you are looking for a legal money lender in Singapore, get in touch with Uni Cash 88. They have been helping people during financial emergencies through their instant cash loans and personal loans.
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