Aljunied is a booming suburb in the heart of Singapore that has been redeveloped and urbanized. The area used to be agricultural but now it holds many adventure sports such as sailing, surfing, rafting, bowling and ice-skating.
It’s also famous among Indian tourists for its Sri Krishna Temple which can be found nearby along with Sri Shivan temple just down the street. Aljunied is within close proximity to Tan Swie Hian Museum and Khadijah Mosque – both worth checking out!
If you’re planning a trip down to Aljunied or staying there for work, here are options that may help you out if you run out of cash!
Types of Loans
1. Personal Loan
This is money borrowed from a bank, credit union, or a moneylender that you pay back in fixed monthly payments, or installments. It is unsecured and does not involve collateral. It’s usually the best option to dip into your savings or emergency fund to cover unexpected expenses. It can be an ideal option for non-discretionary purposes, like debt consolidation.
2. Business Loan
This can be an unsecured loan, meaning borrowers are not required to offer any assets as collateral. It provides small business owners with a lump sum they must pay back over time, and with interest.
3. Payday Loan
Also called a cash advance loan, this short-term loan is helpful if you can’t wait for your payday to settle the looming monthly bills. The loan amount is up to one month of the borrower’s salary and should be paid back within a month. Interest rate, like other personal loans, is also capped up to 4%.
4. Monthly Loan
This is also called a monthly installment loan with larger amounts and longer terms than a payday loan. Each monthly repayment will also include a portion of the principal amount borrowed and the interest. This type of loan allows borrowers to extend their budget to accommodate emergencies like paying off hospital bills, a dream holiday, or any unexpected expense.
5. Foreigner Loan
All foreigners holding a valid Singapore Work Pass are eligible to apply for this type of loan from most lenders and other banks. You must be 18 years old and must be employed. Submitting a residential tenancy agreement, bank statement, and three months’ recent payslip is also necessary given the rules and regulations.
How to apply?
1. Applications can be done by walk-ins, a phone call, and online.
Reach us at 6336 0833
From the website here. (We will call you within 30 mins)
2. First Approval
If you are seeking a loan over the phone, we will ask you some preliminary questions to determine your eligibility. If you are eligible, we will invite you down to our office to get to know you better before we process the application for you.
3. In-Person Consultation
At our office, you can ask any questions or clarify your concerns with us. You will also be required to present your documents for our verification. Upon examining your case, our friendly loan officer will offer you an amount and explain the terms and conditions of the loan for your understanding.
4. Signing The Agreement
Once you agree to the loan amount and repayment terms, our loan officer will print out the contract for you to sign.
5. Receive Your Cash Loan
Once the contract is signed, you will receive the cash on the spot, hassle-free.
A1 Credit is one of the finest and most dependable licensed moneylenders near Aljunied. With a greatly experienced team, we assure to provide a wide variety of solutions for every borrower that needs cash conveniently with the lightest and easiest repayments possible. If you’re ever in need of financial help, Aljunied Money Lender will readily assist you with your loans. Book your appointment today!