A Guide to Getting a Foreigner Loan in Singapore

1. A Guide to Getting a Foreigner Loan in Singapore Singapore is a melting pot of culture. People from different countries come to Singapore for work, travel, study, or even for shopping. The living expenses are higher in Singapore than most countries in Asia. Some foreigners face financial difficulty in setting up their new business here while some people need money to deal with financial emergencies. In such financial crisis, you can turn to foreigner loans offered by money lending companies in Singapore. Being new to Singapore, you may be unfamiliar with financial terms, and perhaps, unsure as to how to obtain foreigner loan in this country. This complete guide will help you get a foreigner loan Singapore. Foreigner loan is not like a bank loan A licensed moneylender in Singapore offers foreigners an opportunity to take out a loan at certain interest rate. It is not like a bank loan, and is fast and easy to obtain. The waiting period is shorter, and you don’t have to submit complicated documents when applying for a foreigner loan. You can pay back the loan in few monthly installments. Credit check is minimal, so you can get the money you need far easier than bank loans. Some moneylenders offering personal loan and foreigner loan in Singapore offer customized loan packages and flexible repayment conditions for every client. Another great benefit of getting a foreigner loan in Singapore is the fact that it is approved in the same day, making it easier for you to deal with financial emergencies. Foreigner is a quick fix for expats living in Singapore. Basic Requirements for a Foreigner Loan These are some basic requirements that a licensed money lender would ask you to provide. Your loan application process will be completed quickly if you fulfill all the requirements. 1.You must have a valid passport, work permit, valid E-Pass/S-Pass 2.You must have an appointment letter sent by your employer or company 3.You must have existing residence tenancy agreement 4.You must have obtained a bank statement for the past 6 months 5.You must have phone bills that indicate your income The application for a foreigner loan can be easily filled out online at your selected moneylender website. Once your application is reviewed and documents are verified by the lender, you will receive the money in your bank account in maximum 24 hours. So, if you are an immigrant working in Singapore and

2. looking for some money to fund your immediate needs, then contact a licensed moneylender in Singapore offering personal loan and foreigner loan at lowest rates.