Licensed Money Lender Personal Loan Sengkang
Sengkang is a city in Singapore. It is considered a suburb of the city. It was previously a rural area before it was transformed into a high-rise residential and commercial hub with various parks and other recreational facilities.
The city is home to the Sengkang Heritage trail, which stretches along the coastline of Sengkang’s Planning area in Singapore. You can also take a ride on Sengkang’s cable car rides or go through the Sengkang Wetlands.
If you’ve recently found an excellent property for sale in Sengkang, we encourage you to get it. And, if you’re still in the process of selling your old home to take advantage of buying a Sengkang property, licensed money lenders have got you covered with their bridging loans.
What Is a Bridging Loan?
A bridging loan is a short-term loan that a borrower uses to bridge the gap between the sale of an old property and moving into a new one. For example, Singaporeans selling their old properties can use a bridging loan to take advantage of a low property down payment without having to wait to get the net proceeds from their property sale.
Licensed moneylenders offer the best bridging loan options in Singapore. Learn more about their bridging finance products below.
Licensed Money Lenders: The Best Bridging Loan Option
1. Quick Approval and Payout
Licensed money lenders and banks have one major difference: the former approves bridging loan applications faster. After you submit all your requirements on the same day, licensed money lenders can approve your loan and provide you the loan payout on the same day. Therefore, if you go early to apply for financing, you can pay the seller’s down payment completely in cash.
2. Can Pay for Property Down Payment or 6 Times Your Salary
While licensed money lender loans can only pay for the property’s down payment or at least six times your monthly salary, these are enough to proceed with the purchase of your new Sengkang property. Then, you have more than enough time to pay back your lender’s cash by selling your old property.
3. No High-Level Credit Score Required
Many Singaporeans fall short of bank loans because of their poor credit score. Fortunately, Singapore’s licensed money lender won’t ask you to have a high score. After you prove that you have a stable income and job, they can provide you with a bridging loan once you submit all your requirements to prove your other eligibility criteria.
4. How Do I Apply For a Money Lender Bridging Loan?
Here are the eligibility, requirements, and steps to process a moneylender bridging loan.
- At Least 18 Years Old
- Minimum of SGD1,500 Salary Required
- Exercised the Option to Purchase (OTP)
Here are the requirements that most licensed moneylenders ask for:
- Identity Card / NRIC
- Proof of residence (utility bill, a letter addressed to you and/or tenancy agreement)
- Proof of employment (certificate of employment if your job is less than 3 months)
- Recent 3 months payslip
- SingPass ( to log into CPF, HDB, IRAS website)
- Copy of the “Option To Purchase” (OTP)
Borrow a bridging loan today by following these steps:
1. Call 6222-5500 or fill up the 365 Credit Solutions bridging loan application form.
2. Visit 365 Credit Solutions nearest branch.
3. Sign the loan agreement
4. Receive your cash on the same day.
Why Choose 365 Credit Solutions For Your Needs?
365 Credit Solutions has over 400 plus approval ratings on Google Reviews because of its greatly reliable financial services as an excellent money lender Singapore. If you’re looking to apply for a bridging loan, check out Sengkang Money Lender Singapore and they will assist you with the loans that you need!
We continue our dedication to providing high-quality, dependable, and top-notch financial services for Singaporeans and foreigners.
So, contact us today at [email protected] or visit our website to apply for a loan now.
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