How does spending $5,000 even before the delivery of your child sound like? So expensive?

Giving birth should be a beautiful experience. It is better for both the mother and her baby to be surrounded by peace and quiet as they embark on a new journey together. The last thing anyone needs in these moments is to worry about financial problems that will make childbirth even more difficult.

Unfortunately, giving birth in Singapore is extremely expensive. At Loan Street Singapore, we understand that every mother is unique. Their babies and pregnancies are different. Thus, they need personalized care both during pregnancy and during childbirth.

A prenatal package in Singapore costs between $850 – $1,000. However, it can go up to $2000 if your medical check-ups are at a more expensive, private hospital. Or, you choose to have Harmony Testing. Harmony testing is an optional test to ascertain whether your fetus is at low or high risk of havingtrisomy 21 (Down syndrome), trisomy 18 (Edwards syndrome) or trisomy 13 (Patau syndrome).

Normal delivery varies between $850 at Ward C National University Hospital and $9,800 at Gleneagles Private Hospital. The other hospitals in Singapore are circumscribed between these limits. Their median prices are around $4000.

A caesarean section costs much more. It ranges approximately between $1,100 and $16,300 for a normal C-section. A C-section with complications can cost between about $1,500 and $17,000 at the same hospitals.

These costs add up to about $9,000 if your pregnancy and delivery go well. Or about $15,000 if you have complications. It is important to note that these expenses don’t include pregnancy supplements, breathing classes or baby clothes.

Before you get overwhelmed by the sheer cost of delivering your child, you’ll be glad to know that there are avenues of financial help.

At Loan Street Singapore, we don’t want the joy of becoming a new parent to be overshadowed by money. Just a few weeks ago, we helped Mr John and Mrs Emma Chen with our Baby Delivery / Childbirth Personal Loan.

The Chens had it all worked out. Their childbirth plan included natural birth. Emma had a healthy pregnancy and her baby was doing wonderful. But due to a collapsed umbilical cord, Emma had to be rushed into an emergency C-section. Coupled with the shock of things not going according to plan, the Chens were suddenly riddled with additional costs that they did not plan for.

Her husband came to us at Loan Street Singapore and applied for our Baby Delivery / Childbirth Personal Loan. This helped to cover the costs of the medical procedure and the prolonged hospital stay. Luckily, both Emma and baby Laura are doing fine now.

Whether you want a natural birth and don’t have enough savings or prefer a cesarean section, there are times when circumstances change our plans entirely. At Loan Street Singapore, we can help cover the costs with a Baby Delivery/ Childbirth Personal loan customized for your needs. This loan helps you cover:

• Pre-delivery medical expenses
• Delivery fees
• Any extra delivery / medical charges incurred due to complications
• Post-natal care for both the mother and the baby
• Follow up check ups
• Hiring of a nanny

Launched in July 2019, Loan Street aims to provide even more financial assistance to Singaporeans and Permanent Residents (PRs). We also aim to help educate the borrowers on the differences between licensed and unlicensed money lenders (loan sharks) so that they do not fall into the debt trap. To provide more assistance, Loan Street has launched and built the Learn-and-Succeed community that helps individuals upgrade their knowledge, hard skills and soft skills so as to secure better salaries and a higher standard of living. Our objective of the community is for everyone to upgrade and live even better than before.

Loan Street researches on all 158 licensed money lenders in Singapore and narrows down the best financial institutions. With Loan Street’s help, you will be able to secure a Baby Delivery / Childbirth Personal Loan at an inexpensive and reasonable amount of interest rate. There will also be regular monthly settlements that are affordable so that your wallets will not be strained further. At the same time, our community will be able to help you upgrade your skills and life.