Punggol is one of the best towns in Singapore to relax during the weekend. You can take a walk in Punggol Eco Park, visit the Punggol Waterway Park, and even take a trip to Punggol Point. If you’re done with your activities, you can relax and have an amazing shopping experience in nearby shops, such as Jugs and Vessels and Poon Heng Woon Huat.
If you ever went overboard with the budget because of the many things you can do in Punggol, you can’t go wrong working with licensed money lenders to boost your budget. Even foreigners can use their high-quality personal loan products for all purposes. Learn more about it below.
What is a Foreigner Loan and How Does It Work?
Singapore’s licensed money lenders can provide foreign workers in Singapore a loan that spans six months of their salary and is payable within 12 months. Unlike banks, licensed money lenders don’t require foreigners to have a too-high salary and have a heavy and strict credit history evaluation.
Why Use a Licensed Moneylender For a Foreigner Loan?
Here are the top reasons why many foreigners in Singapore love using foreign loans from licensed money lenders.
Faster Approval Rate
Licensed money lenders provide unsecured loans, meaning they won’t have to perform lengthy background credit evaluations that consume the most time before loan release. Once a foreign borrower has submitted all their requirements, they can receive their loan in person within hours after processing it.
No Credit History Required
Foreign borrowers in Singapore find it limiting to borrow money from banks because they lack any credit history. To build one requires much time and years of stay in the country before establishing their credit histories.
Licensed money lenders won’t need any credit histories from foreign borrowers as part of their policy. As a result, any foreign borrower with a stable income and job can borrow cash from Singapore licensed money lenders.
Friendly and Dedicated Staff
Foreigners who aren’t well-versed in financial terms and conditions will always receive proper support, counselling, and elaborations from each branch’s friendly and dedicated money lending staff. Our teams are well-equipped to clarify any issues you might have with our terms and conditions to ensure that you’re using a fully transparent and dependable service.
How Can You Apply For A Foreigner Loan?
Here are the eligibilities, requirements, and steps to borrow a foreigner loan in Singapore:
Eligibilities:
All foreign borrowers must be:
- At Least 21 Years Old
- Minimum Salary of SGD3,000
Requirements
Submit the following requirements and other added requirements that your lender might ask:
- Work Permit/ S-Pass/ Employment Pass
- Passport
- Proof of residences like tenancy agreements or a utility bill
- Employment/Confirmation Letter from your company
- Latest 3 months payslip
- Latest bank statement that reflects your pay
- Singpass (to download IRAS NOA)
Here are the steps you can take to borrow money from 365 Credit Solutions, a dependable foreign loan money lender from Singapore:
1. Call or Apply Online
Call us at 6222-5500 or fill up your details on the application below to set an appointment with us anytime.
2. Visit Our Offices
Visit our office and inquire about your foreigner loan application made over the phone or online.
3. Sign the Loan Agreement
Allow our representatives to explain the loan’s terms and conditions to you. If you’re unsure of something, you can always ask and have our excellent representatives elaborate on it for you further.
4. Receive Your Cash
Receive your cash loan within the day after signing your contract.
365 Credit Solutions: Your Number-One Foreigner Loan Provider
Applying for a foreigner loan? Punggol Money Lender Singapore can help you out with that! We’re a licensed money lender Singapore always providing the best loans for Singaporeans and foreigners. With our knowledge and experience, we’re confident in providing you with the best financial products, so contact us today at info@365credit.com.sg and apply for a loan now!
