Personal loans are popular in Singapore as they are unsecured and can be used quickly for any financial emergencies. Throughout the different stages of life, there will be various financial emergencies and one may need fast financial help. Personal loans can be used for anything from weddings to home purchases, home renovations, holidays, buying new furniture or electrical appliances to anything in between.
How much can you borrow?
One can easily qualify for a personal loan from a licensed money lender. If you are a Singaporean or PR, you can borrow up to 6 times your monthly salary. If your annual income is less than $20,000, you will be able to borrow $3,000 from licensed money lenders. If your annual income is at least $20,000, you will be able to borrow 6 times your monthly salary for any purpose. In times of emergencies, these personal loans are very helpful.
The minimum age to qualify for personal loans on Loan Street Singapore is 21 years old and the loan tenure goes up to 36 months. If you are unsure of the loan amount that you qualify for or if you have any questions about personal loans, Loan Street Singapore's professionals and experienced managerial will be able to help. They will understand your situation, evaluate and propose a recommended financial solution for you. It is not difficult to obtain an all-purpose quick cash personal loan.
What is Loan Street and how we can help you!
Getting a personal loan in Singapore sounds daunting. We have all heard of horror stories where people end up knee deep in debt and the debt amount simply snowballs even further because of the interest rates. In worst cases, some Singaporeans or Permanent Residents (PRs) fall into the trap of loan sharks and credit scams and end up with debts that are impossible to repay.
With the rise in number of personal loans taken and the rise in the number of scams, Loan Street Singapore was created with the goal of helping all Singaporeans and Permanent Residents (PRs) with their monetary issues. We are here to help you get through your financial crisis, we are here to lend a hand.
Loan Street is Singapore's official consumer directory for tips and advice in Singapore for trusted personal loans. Our site lists down the best licensed money lenders in Singapore and all of them have a good track record. They are known to provide lower interest rates and better loan tenures. Rest assured that all the licensed money lenders listed on Loan Street are legal and they abide strictly to the rules set by the Monetary Authority of Singapore (MAS). The listed money lenders are all carefully chosen and extremely reliable. In order to be listed on Loan Street, they require large financial capabilities because it is important that they are able to meet the needs of all their customers, regardless of the situation.
Loan Street's unique model includes their compendious use of data to assess creditworthiness and using state of the art technology to research and source for the best licensed money lenders in Singapore. This is so that the best loan terms with lowest rates can be offered to the borrowers. Among the 158 licensed money lenders in Singapore, Loan Street has narrowed down to these top few lenders. Also, we work with several authorities in order to ensure the accuracy of our data. Being fast and updated is key to providing good service.
One key specialty of Loan Street is that through collaboration with the well-grounded licensed money lenders carefully chosen, the team is able to offer personalised loan packages for every customer. Regardless of the reason for the loan, it is Loan Street's goal to find the best loan package for the customer at the lowest interest rate and best loan tenure.
With Loan Street's resources, we can help you with:
- Home renovation costs
- Wedding expenses (Venue bookings, bridal packages, wedding photography and more)
- Debt consolidation
- Medical expenses
- Holiday / vacation expenses
- Funeral expense
- Paying off credit card debts
- Education / study fees
- Pet expenses
- Car expenses
- Plastic / cosmetic surgery fees
- Dental fees
- Luxury goods purchases
- Camera and equipment purchases
- Laptop purchases
In life, there will be unavoidable situations where one runs into money problems or financial crisis. Money will be needed for many situations such as education, medical situations, home purchases or renovations and it can get overwhelming. Regardless of the situation, it is important that you do not give up and continue searching for ways to improve your life. For example, it might be wise to further education or medical treatments as they will definitely bring in benefits in the long run. Regardless of your financial position or financial health, Loan Street is able to source for the right loan to help you with your situation.
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.
With Loan Street's help, you will be able to secure an all-purpose quick cash 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. You will still have cash for daily expenses. At the same time, our community will be able to help you upgrade your skills and life.
Max Loan Amount6x of your salary
Min Age to Qualify21
Max Loan Tenure24 months
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