Licensed Money Lender Personal Loan Balestier

Balestier pertains to the areas within Novena that surround Balestier Road. It was named after Joseph Balestier, an American who built a sugarcane plantation in the area during the mid-1800s.

Today, Balestier is known for its rows of two-storey shophouses and residential buildings that have varying architectural styles. Some Balestier restaurants that are worth checking out include Boon Tong Kee @ Balestier, Tandoori Corner, 333 Bak Kut Teh, and Doughnut Shack.

Should you ever need financial help for any particular reason, the rest of this post will discuss some of the loan options near Balestier that you can look into.

Some loans you can apply for in Singapore

Personal loan

• Purpose & usage: Personal loans can help you make large purchases or consolidate high-interest debts. It’s typically used as a financial buffer for home renovations, repairs, or emergencies, but it can be used for almost anything.
• Loan amounts: SGD 500 to SGD 50,000; up to 6x amount of monthly income for borrowers with an annual salary above SGD 24,000
• Interest rates: Up to 4% monthly
• Repayment period: 6 to 12 months

Payday loan

• Purpose & usage: Payday loans are short-term loans that allow you to get a month’s worth of your paycheck before your payday comes. Oftentimes, it’s used for situations that require urgency, like emergencies and utility bills.
• Loan amounts: Up to 1 month worth of salary
• Interest rates: Up to 4% monthly
• Repayment period: Within 1 month

Bridging loan

• Purpose & usage: Bridging loans were developed to help Singaporeans “bridge” the financial gap when they want to purchase a new property. It serves as a reservation for those who want to secure their dream property but currently don’t have enough money to complete the purchase.
• Loan amounts: SGD 5,000 to SGD 200,000; up to 6x amount of monthly income for borrowers with an annual salary above SGD 24,000
• Interest rates: Up to 4% monthly
• Repayment period: Flexible; until the property’s completion date

Business loan

• Purpose & usage: Business loans are generally used by business owners who are moving to a new office or location, upgrading their equipment, or simply trying to keep their business afloat.
• Loan amounts: SGD 10,000 to SGD 200,000
• Interest rates: 5 to 15% monthly
• Repayment period: 12 to 24 months

Foreigner loan

• Purpose & usage: Foreigner loans are especially designed to help foreigners adjust to Singapore living. This can be used for living expenses, emergency funds, or simply as a support system as they get used to being here.
• Loan amounts: SGD 500 for annual incomes less than SGD 10,000; SGD 3,000 for annual incomes above SGD 10,000 but less than SGD 20,000; up to 6x amount of monthly income for foreigners with an annual salary above SGD 30,000
• Interest rates: Up to 4% monthly
• Repayment period: 6 to 12 months

How can A1 Credit help you?

A1 Credit offers a variety of loans that can help you in any type of situation. Regardless of what you have on your hands, you can be sure that we have the perfect solution for you.

For all types of financial issues, we are the Licensed Money Lender near Balestier that has every answer. 

Contact us at 6336 0833 or enquiry@a1credit.sg to know which loan will be a good fit for your current needs. You can also visit us today at Balestier Personal Loan!