Personal Loan Singapore
How to Successfully Get the Maximum Approved Loan Amount for Your Personal Loan without the Traditional Hassles
Need cash to keep your business afloat but not eligible for traditional business loans?
You might have tried to get a personal loan, but found out that you could not secure one no matter what you tried. There are so many different financial institutions that offer personal loans and you can barely understand all their different requirements.
Obtaining personal loans can be a challenging process, often with many complications and confusion thrown into the mix. This is especially true if you hold poor financial records, just a decent credit history, and a lack of sufficient collateral.
What if there is a way for you to skip all these troubles and get instant approval for your personal loan application?
I’m Clive, from Launch My SME, and we help SMEs like you navigate the complexities of securing personal loans for your business needs.
With our expertise, you can effortlessly overcome common application hurdles, from stringent documentation requirements to challenging credit assessments, ensuring your business secures the funding it needs to thrive and grow.
We help you cut through the confusion, guiding you through each step and ensuring your application is robust, compliant, and ready to meet the stringent demands of participating financial institutions in Singapore.
If you’re ready to streamline your personal loan application and unlock your business potential, click the button below to get started!
Why Partnering with Launch My SME Makes All the Difference in Your Loan Application Journey
1) Speed and Convenience
We are well-versed in all the ins and outs of the loan application process, ensuring a quick and successful application for your business.
We can help you cross-check your criteria against different loan schemes across various financial institutions in the shortest time possible, streamlining the entire process for you!
2) Customer-centric Service
Stop wasting time applying to the wrong loan scheme!
Many of our clients are currently receiving the maximum loan amount that’s most suited to their profile. Moreover, we can significantly increase your chances of approval with our deep understanding of the legal aspects involved.
3) Personalised Business Advice
Got the approval, but not sure how to maximise its impact?
With our guidance, you’ll receive a completely customised plan on the best ways to utilise your loan to maximise your business growth and prevent the recurrence of financial issues, ensuring you make the most out of your financial boost.
4) Extensive Professional Network
Over time, we have built strong relationships with various financial institutions and experts in the industry. Our insider knowledge gives us access to more loan options that you might not be aware of, allowing us to curate the best possible solution tailored just for you!
Are Personal Loans Right for You?
A personal loan is a loan that allows a person to borrow a sum of money from a bank or financial institution. However, unlike a car or home loan, personal loans don’t require any collateral.
Personal loans can be used for various purposes, such as:
✅ debt consolidation
✅ medical expenses
✅ financing major purchases
The loan amount, interest rate, and repayment terms are typically determined based on the borrower’s creditworthiness and financial situation.
In Singapore, some of the key characteristics are:
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- Fixed interest rate: Most personal loans often come with fixed interest rate, hence many lenders offer competitive interest rates as a way to draw clients.
- Fixed loan tenure: The period over which the borrower repays the loan is predetermined with the range between one to five years, but can vary depending on the lender and loan terms.
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- Monthly repayment: Borrowers repay the loan through monthly repayments (often charged to your credit card account), including both the principal loan amount and the interest accrued.
- Loan disbursement: Typically, borrowers are required to open a bank account with the loan provider for the cash to be disbursed.
Common Eligibility Requirements
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Nationality: Singapore citizens or Singapore permanent residents
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Age: Generally, you need to be between 21 and 65 years old to be eligible; however, there may be certain banks or financial institutions having a higher age limit!
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Income: Most lenders typically require a minimum annual income (typically $20,000, but the amount varies among different banks) to ensure that you have the means to repay the loan.
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Employment status: Proof of stable employment such as income tax statements or recent monthly income pay slip.
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While each lender has their personal criteria, these are some of the similarities found across most banks and financial institutions in Singapore for personal loans.
Too complicated to handle? Let us help you simplify the loan application process into just 2 steps.
2 Easy Steps to Secure Your Loan
Step 1:
Begin by filling out our quick and easy form to find the best and cheapest loan for you in our Free Loan Comparison among all 40+ financial institutes in Singapore like OCBC, DBS, UOB, SCB, etc.
Step 2:
You should receive the loan comparison results instantly sent to you via WhatsApp. Here, you’ll get to know all the products with the lowest interest rates and longest tenure, finding the one that suits your needs best!
Testimonials
Ready to get started?
Take Your First Step Towards Financial Freedom Today!
Enjoy these perks when you apply:
✅ A faster, smoother pathway to getting your loan approved.
✅ A higher chance of securing the maximum loan amount from a diverse range of financial institutions.
✅ A wealth of expertise about various loan schemes and their specific requirements to ensure a hassle-free experience in finding the right loan for you.
✅ Customised financial strategies tailored to your business’s unique needs.
✅ Continuous support and professional advice so you’re well-informed at every step.
✅ A broad network of connections across financial institutions to explore a wider range of loan options.
Get your FREE Loan Comparison Finder in 1 Minute
Compare for the lowest interest rate among OCBC, DBS, UOB, Standard Chartered, Maybank, CIMB and 40+ Financial Institutes with our quick and easy loan comparison tool to save you both time & money.