With so many types of Personal Loans available, it can get a little confusing. Here's all you need to know about Personal Loans in order to make smarter financial decisions.
Read the latest news about Personal Instalment Loan in Singapore and the best money saving tips.
How can a personal loan help?
Personal loans can come in handy during a period of cashflow difficulty. Some of such situations include sudden medical costs, weddings, funerals, divorces and more. Rest assured that the bank won’t require you to get personal on personal loans and share the reason for taking it up during the approval process.
What are some of the main considerations of a personal loan?
A personal loan tends to offer interest rates that range between 3.5% and 11% per annum. When applying for one, do also consider the following key features:
Read this article to find the best personal loans in Singapore with the lowest interest rates.
What’s the difference between the annual interest rate and effective interest rate (EIR)?
The annual interest rate is the interest rate advertised by the bank. EIR is a better gauge of the interest rate you actually incur. The EIR is often higher than the annual interest rate because it factors in other costs such as transaction fees and administrative fees. They add to the final amount you pay.
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What is a personal loan?
How does a personal loan work?
Are personal loans good for your credit score?
When should I use a personal loan?
What should I consider before applying for a personal loan?
How do banks or financial institutions decide my loan amount?
How long does it take to get a personal instalment loan approved?
Can foreigners apply for personal instalment loans in Singapore?
What if you don’t qualify for a personal loan?
What are the different types of personal loan interest rates?
Are there any benefits to taking a personal loan?
What is the eligibility criteria for personal loan?
What is the minimum salary to get a personal loan in singapore?
What is the maximum loan amount I can borrow?
What is the personal loan interest rate?
What are the fees I have to take note of when I take up a personal loan?
How to choose a personal loan?
What is the difference between an instalment loan and a personal line of credit?
Which is the best personal instalment loan in Singapore 2019?
How can I get a personal loan?