Named after a Malay word for tapioca, Katong Ubi or Ubi Estate is a subzone located in Geylang’s planning area. From being a tapioca farm, Ubi is now a well-developed area in the Central Region of Singapore. Although small, the place is home to various art galleries, local shops, sports hubs, humble cafes and restaurants.
Are you short on cash and happen to be in the area? Check out 365 Credit Solutions, a licensed moneylender around Ubi that offers loan plans for every need.
What are the loans available in Singapore?
Licensed moneylenders are trusted institutions that can provide various loan packages depending on the borrower’s need. Here are the four types of loans available:
- Personal loan: From getting an extra fund for your dream wedding, to supporting your education fees, and emergency bills, or even debt consolidation, personal loans are helpful. You are allowed to borrow up to 6x your monthly salary with 6-12 loan tenure. Transacting with a licensed moneylender means the interest rate is capped at 4% per month.
- Business Loan: From interior improvement, purchasing of new machines, to keeping the operation going, a business loan can help your business to stay afloat and withstand unexpected changes. With a business loan, you can borrow up to $200,000 with flexible and reasonable repayment schemes. With moneylenders, businesses that are operational for at least 1 year are eligible to apply.
- Payday Loan: From emergency bills, health expenses, rent and utility bills that can no longer wait for your next paycheck, a payday loan might be a useful option. With a payday loan, you can borrow the amount equivalent to one month of your salary, plus you can enjoy a low-interest rate from 1% to 4%.
- Foreigner Loan: From utility bills, monthly rent, to medical expenses, the list of payables for an expatriate is never short. Living in a foreign country means you have little to no record available to present in banks. Good thing, credit score is not a big deal for licensed moneylenders. Just like personal loans, you can get 6x your monthly salary and a capped interest rate at 4% a month.
Note: To make sure you are dealing with a licensed moneylender, it’s best to visit the online portal of the Ministry of Law Singapore for the list of licensed moneylenders in Singapore.
How Can 365 Credit Solutions Help You?
Applying for a loan isn’t just about knowing how much you are allowed to borrow or getting flexible loan tenures. Our company believes it is more than that: it is about helping you find the best solution for your financial woes, and to help you and your business grow and prosper. For almost 10 years in the industry, our company has been dedicated to educating our borrowers about their rights and giving them the great customer service they deserve.
Looking for a licensed money lender around Ubi? 365 Credit Solutions got your back! Check out Licensed Money Lender Ubi and we’ll provide you with the loans that you! Talk to us, and let us help you create a loan plan that would suit your needs.
