- February 22, 2019
Foreigner loans are for foreigners who are in need of money. As a foreigner living and working in Singapore, you may encounter some financial problems. Your personal expenses here can drain you financially. It is hard for foreigners to raise money to meet any sudden expenses. If you are a foreigner living and working here, you may wonder where to get the money to help you tide over. It can be difficult to get money as you may not know anyone from whom you can borrow money. That’s where we come in. We are able to provide you with a foreigner loan at low interest rates. Our repayment schedule is very flexible as well.
Required minimal document for Foreigners to get Loans from Legal Money Lenders
In case, you as an expat who working in Singapore need for money in Singapore you may acquire a loan from Best Credit licensed money lender. The foreigner loan is offered to the person who not a citizen or Singapore Permanent Residence (SPR) status in Singapore. Most of the money lender available loan application by an online or phone call. Afterward money lender will contact you to provide some documents. Different money lender will request different document but the basic document is:
- Working in Singapore with a valid pass, for example working permit, S pass or EP pass
- Employment letter or appointment letter from your current employer
- A tenancy agreement, phone bills, or PUB bills proving your current address
- Recent 6 months bank statement
- Recent 3 months salary slip
- Residential Tenancy agreement
This type of loan allows age 21 to 65 to apply. This complies with the Ministry of Law Singapore. We as a responsive licensed moneylender will approve the application within sixty minutes.
The amount that you can loan
Usually, repayment is bi-weekly or monthly, according to discuss and agree with both borrower and lender’s staff then terms will be stated in the loan contract. There are secured loans or unsecured loan available. For a secured loan, the loan amount can loan higher or as much as you need. For an unsecured loan, money lender will evaluate the maximum amount of loan based on your salary income. There are 2 categories:
For expat residing in Singapore
- In case, your yearly salary is less than $10,000 you able to loan up to $1,500;
- Your yearly salary is more than $10,000 less than $20,000 able to loan up to $3,000;
- In the event your yearly salary is $20,000 or more able to loan up to 6 months’ income;
Trusted Money lender is Best Credit SG Pte Ltd
In fact, the growing of money lending market is the benefit to most of the local and foreigner reside in Singapore. Get a loan from the bank, not the only way available since there is licensed money lender evaluation. In the event you need urgent money there are many solutions near at hand. Money lender becomes a good resource for changing many people’s lives become brighter. The moneylender is giving who had bad credit history second chance to prove themselves worthy of credit. Commonly money lender loan approval process is shorter than the bank and offering the flexibility of repayment.
Best Credit SG Pte Ltd fka Cing Dien Credit is the most reliable and responsive licensed money lender in Singapore. Our proficient loan staff full of moneylending knowledge to provide the best service for each customer. Therefore we have a lot of customer satisfaction reviews with return customer and referral. In addition, Best credit SG is offering the lowest interest charge on loan principle this implies you save on cost. Our loan process and loan contract is transparent compared to other dishonest moneylenders they including some hidden charges and administrative fee that will course on the burden of the loan.
Drop us a message if you’re interested to apply for the lowest interest loan. Contact us at +65 6272 5538 to find out more. Or simply drop by our office @ Blk 372 Bukit Batok Street 31 #01-374 (Level 2) Singapore 650372