Financial distress is a common and prevailing issue in recent times. Owing to the major impacts of the Covid 19 pandemic, the global economic condition has deteriorated significantly. It has affected various sections of society, both on personal and professional fronts. Besides these, there may be other situations that might require you to borrow money quick.
As an example, let us assume that there is a business or a startup that you own, and you require a quick cash infusion to boost growth or overcome a business calamity. Since these needs are time sensitive, your best option would be to apply for a loan that can be availed of quickly.
The same goes for something like an education loan as well, which may require a quick cash infusion so that the learning process doesn’t get hampered.There might be times when one might come across difficult financial situations and need instant cash to resolve these various issues. And there are certainly viable ways to overcome these situations in Singapore.
One can at any point in time need instant cash. Although there are multiple options for loans, only money lenders can offer fast monetary assistance. Licensed money lenders are legal entities recognised by the Credit Bureau of Singapore, and are the safest option for borrowing money. Quick Loan is one such licensed and trustworthy platform for providing instant cash. They provide hassle-free money lending without any strict eligibility criteria. It is a simple process of you applying for a loan online, documentation and signing, and finally getting the money via bank transfer. When you are in dire need of money, you cannot wait for the stringent money-borrowing process, and licensed money lenders are the best option.
If you’re going through a similar situation, this blog is ideal for you. Keep reading to discover how you can find fast monetary assistance to deal with the financial issues quickly.
What is a private moneylender and how do I find one?
You must have come across online suggestions like borrow money in Singapore or get quick cash instantly. All these refer to private moneylenders who offer instant loans with flexible repayment options. When you apply for a loan from a bank, it is quite a lengthy process that does not guarantee the loan approval in the first place. There are various standards and protocols that an applicant must fulfill to meet the loan eligibility criteria. It is a time-consuming process and does not necessarily ensure an approved loan.
On the other hand, private moneylenders are registered with the government and are licensed entities that are legally allowed to offer loan facilities to help individuals struggling with financial issues. The purpose of such loans is to provide instant funds to those in fast time. Unlike the stringent bank loan process, at QuickLoan Pte Ltd, a licensed moneylender in Singapore, you can get a loan approved within 30 minutes without much ado.
How to borrow money from private moneylenders?
Borrowing money from private moneylenders is a much easy and hassle-free task that can ensure quick monetary assistance. As a candidate, you don’t necessarily need to have a good credit score or a strong financial background. As long as you are able to show your basic identity proof and have a regular source of income, you are generally eligible to borrow money in Singapore from various private moneylenders.
While every entity has a slightly different approach to the loan issuance process, the prevalent process remains the same. If you have approached a credible moneylending firm, your loan application process will go through three basic steps that are as follows:
Step 1: Apply
The foremost thing that you are expected to do is apply for a loan online through the moneylender’s website or by visiting their physical office nearby. When you decide to take a loan, there are certain things that you must communicate such as loan purpose, loan category, loan amount, etc. All of these details are essential for the firm to determine the final agreement before the money is transferred. You have to provide all such necessary information during the initial stage of the loan process.
Step 2: Consultation & Document Signing
This is the second stage of the loan process where you’ll be required to visit the moneylender’s office to sit for a consultation with their finance experts. During this consultation, you’ll be advised and guided on what type of loan you should go for depending on your financial needs. This is free-of-cost assistance from the firm’s end so as to educate you on the bearings of the loan. Once you are confident and agreed to the terms & conditions, the legal agreement will be signed officially.
Step 3: Get Money Via Bank Transfer or In Cash
This is the last stage where you can expect a quick money transfer once the agreement signing is done. One of the key features that have made money borrowing easy and convenient in Singapore is the instant money transfer once the loan is approved. It only takes 30 minutes for your loan to be approved and for you to get the loan amount transferred to your account or given to you in cash.
How to know if the Private Money Lender is Legit?
When you are looking to Borrow Money Quick, you should make sure that you are borrowing from legitimate private money lenders. Here are some things that you can do to make sure that the private money lender is legitimate.
- You can check with the local bureau whether any complaints have been filed against the lender.
- You can ask for references from people who have borrowed from the lender in the past.
- Read the reviews online before you decide to Borrow Money Quick from a Private Money Lender.
- Make sure the private money lender holds a license and is legal to operate in your country.
The aforementioned steps are the ones that you should follow if you want to attain a quick and convenient loan in Singapore, without having to go through the elaborate hassles of borrowing from a bank. By having all the documents in place, you can easily get a loan from a licensed moneylender in Singapore. It is important that you stay away from loan sharks and other illegitimate moneylenders at all costs, as borrowing from them can prove to be downright unsafe. The points mentioned here should help you differentiate between a licensed, and an illegitimate moneylender in Singapore, so keep a careful watch out for them.
Borrow Money Quick from Private Moneylenders
If you are in dire need of money and can’t rely on the stringent loan approval process, a licensed and private loan company is the best solution. Not only can you borrow money fast and legally but you can also enjoy low monthly interests. Quick Loan is one such licensed and trusted moneylending firm that provides unsecured loans with flexible repayment options. You can choose from a variety of loans including personal, business, medical, and miscellaneous loans. We offer tailored loan facilities that are in accordance with your monetary needs. To find out more feel free to call or Whatsapp us at 8511 9133
