[Infographic] Which Type of Loan in Singapore Should You Get?

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Which Type of Loan Should You Get?

Need to take out a loan in Singapore but don’t know which to get? Use this flow chart to find out which type of loan is for you.

If you need to borrow money, you’ve got to first answer this question: Why are you taking a loan for?

Do you need money to pay off your mortgage? Or do you need to take out a loan for your honeymoon? Do you need a cash advance? Taking out a loan isn’t as simple as signing up for the one that gives you the cheapest interest rates.

You’ll have to first understand what you’ll need it for. Before you commit to taking out a personal loan in Singapore, make sure it’s a good fit for what you have in mind. Confused about what loan to get? Give this handy flowchart a spin.

Which Type of Loan Should You Get?

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