The Two Dependable Money Lenders In Singapore

Money lending is a blessing for people facing financial crisis. There are companies who are coming up in this business to help their clients in this crisis. They help you get out of this situation and pay them later for this aid. It is important that you understand the schemes of a licensed money lender only and not any random company claiming to be dependable. All the money lenders are responsible to explain the terms and conditions of their scheme before contacting. The borrower must be aware of the repayment schemes, interest rate and security taken if any and all other possible details.

Who can help?

The JR Credit is highly regarded money lender in Singapore. They provide legitimate cash transactions and give out customized assortment of financial answers. They have personally tailored plans for personal loan, payday loan, foreign loans etc. They have fast transactions and processes. Also, they maintain transparency in their business to keep the client away from dark. They have easy repayment methods and low interest to avoid creating burden on the borrower.

The other on is IpCredit , a trustworthy money lender Singapore. The company is committed to run a house with credulity. They make fast transactions to keep the cash easy for their clients. They treat their clients with respect and behave warm enough to make them comfortable. It is their fast loan approvals which are done in minutes and easy repayment. They feature low rates of interest which goes light in the pocket of the borrower. Their schemes are tailored keeping different requirements in mind. You can also contact them with your special needs if any and they will be cordial enough to interact with you.

Details of interest rates

The loans which are sanctioned between 1 June 2012 and 30 September 2015 the interest rates the interest for both secured and non-secured loans are capped at 13% and 20% respectively when the borrower’s annual income is less than $30000. When the income is more than that, then the interest rate is not applicable and the same is to be fixed by mutual consent by borrower and lender before contracting. From October 1st 2015, the interest limit is fixed at 4% regardless of the borrower’s income. Start to read more about money lender interest on sites. Be clear about all terms before getting into contract.

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