 | What You Need to Know Before You Take a New Loan 8 Nov 2011
by The editor.
Singapore is perhaps one of the few countries that have recovered quite quickly from the recent global economic recession. People are spending more on major investments and big-ticket items such as real estate properties and cars, among others.
With the current spending trend in Singapore, it is only natural... |
 | Proceed with Caution: Borrowing Options You Should Avoid24 Oct 2011
by The editor.
Borrowing money in the form of loans or credit is a part of life. This generation isn’t called the cashless or plastic generation for nothing. In a way, this is a boon, as it opens more loan and credit options for people who otherwise wouldn’t be able to afford a... |
 | Top Pros and Cons of Personal or Cash Loans16 Mar 2011
by The editor.
For some reason you end up on a deficit. This means you're spending more than what you're earning. You are currently living in a shoestring budget, and then crisis comes in. With no money on hand, you think about your next step, which is to obtain personal or cash loans.... |
 | A Guide to Taking Personal or Cash Loans1 Mar 2011
by The editor.
Perhaps one of the loans you should avoid is personal or cash loans. They normally have higher interest rates and shorter payment terms. Nevertheless sometimes they can be unavoidable, especially if you need cash as soon as possible. What is important, though, is you can take the time to evaluate... |
 | What are Renovation Loans28 Feb 2011
by blog.MoneyLine.sg.
Does your home need a little change? Would you like to increase the value of your property, or make it more sustainable and environment friendly? You can certainly do so. However, if you don’t have the funds to do it, then that is a problem.
The good news is, there’s... |
 | What You Should Know About Secured Loans14 Jan 2011
by The editor.
A secured loan is like a double-edged sword. It can hurt you in the same way that it can help you. On one hand, a secured loan can help you get credit when it wouldn’t be available otherwise. On the other hand, the risk involved in a secured loan can... |
 | Understanding the Basics of a Refinancing Loan31 Dec 2010
by The editor.
So you’re planning to have your property refinanced? Before anything else, you need to understand what is involved in this process. Whether or not it is indeed the right fit for your financial situation.
A refinancing loan is basically what the term implies. It is a loan that you... |
 | A Guide on Taking Out Unsecured Personal Loans28 Dec 2010
by The editor.
Unsecured personal loans inherently have high interest rates. This is because of its characteristics. First, it’s not a secured loan, which means the loan does not have any security collateral. In case the borrower defaults on his payments, the creditor has no other way to collect the amount owed.... |
 | A Basic Guide for Those Planning to Take Out a Loan10 Dec 2010
by The editor.
So you’re planning to take out a loan.
When planning to apply for a loan, remember that there are several things to consider. These should be thoroughly weighed. How prepared you are during your application can determine whether or not your loan will be approved. Here is a basic guide... |
 | A Guide on Taking Out Cash Personal Loans6 Dec 2010
by The editor.
Cash (unsecured) personal loans inherently have high interest rates. This is because of its characteristics. First, it’s not a secured loan, which means the loan does not have any security collateral. In case the borrower defaults on his payments, the creditor has no other way to collect the amount owed.... |
 | Loans: How Much Can You Get?2 Dec 2010
by The editor.
In a manner of speaking, getting a loan shouldn’t be a problem. After all, there are several banks and financial institutions that can offer different kinds of loans—from car loans to home loans, education loans to renovation loans. But getting and finding a loan is one thing, getting approval for... |
 | How to Cut Your Loan Cost3 Nov 2010
by The editor.
Everyone borrows money at one point or another. Even the richest men and women in the country have a debt or loan somewhere. Borrowing money is something that you cannot avoid. After all, you don’t buy a home or a car using cash, you use a home loan and a... |
 | Considerations and Strategies When Taking Out a Personal Loan 3 Nov 2010
by The editor.
Singapore is in a period of relative economic prosperity, especially when compared to the status of other Asian countries. Because of this, a person planning to take out a loan such as home loan or car loan, and is doing a comparison, will see a lot of possible options when... |
 | Four Loan Essentials You Should Know2 Nov 2010
by The editor.
So you’re planning to shop for a loan. Maybe it is a loan for that new car you have been dreaming of, or a home loan you have been saving up for. Whatever the type of loan you are looking for, it is a big mistake not to know loan... |
 | Should I Help My Child Buy a Home?2 Nov 2010
by The editor.
People who grew up in America or Europe may not understand this, but Asian families are closely knit and to some extent can be considered co-dependent. This is a cultural thing, something that can be seen in countries such as India, China, South Korea, and Japan, among many others. This... |
 | Should You Get an Education Loan? Understanding Student Loans in Singapore 1 Nov 2010
by The editor.
Education loans in Singapore are loans specifically for the purpose of funding a student’s education. This definition remain true elsewhere, particularly in countries with more systematic student loan systems such as United Kingdom -- which mirrors the financial systems of Singapore, United States, and Canada, among many others. But you... |
 | Understanding Bank Credit Rating and Loan Interest Rates31 Oct 2010
by The editor.
How exactly do banks get the interest rate placed on your bank loan?
By looking at your credit score. Your interest rate reflects your payment capacity as a borrower. If you are seen as a credit risk, your interest rate will be high. However, there is no fixed standard... |
 | What You Need to Know Before Choosing a New Home Loan29 Oct 2010
by The editor.
Choosing a new home loan is basically similar to choosing any other loan. The elements of a new home loan are identical to that of any loan. There is the annual interest rate, the monthly repayment amount and the closing cost, and the possible early payment penalty.
The purpose of... |
 | Secured Loans versus Unsecured Loans: Which is the Better Option?29 Oct 2010
by The editor.
When you shop for a loan, you need to consider a lot of factors and options.
If you are planning to take out a home loan, you need to first consider the requirements set by the bank, and your eligibility status. If you are eligible, you need to consider the... |
 | Bridging Loan 10129 Oct 2010
by The editor.
When buying a property, how do you bridge a gap between the sale and the purchase?
This is the problem of many real estate buyers who want to immediately close a deal but do not have the sufficient funds to settle it due to lack of money for the down... |
 | What You Need to Know Before You Choose a Cash Loan?28 Oct 2010
by The editor.
The cash loan, although not the most common type of mortgage in Singapore, may easily be the most popular, here and anywhere else. After all, there aren’t too many loans that offer flexibility when it comes to spending the money acquired from the loan. A renovation loan, for instance, may... |
 | Education Loans: Should You Pay Them Off Early?27 Oct 2010
by The editor.
An education loan is perhaps one of the smallest loans, compared to a home loan or a car loan. Most Singaporean banks will grant you an education loan amount directly proportionate to your paying capacity. If you earn 20,000 Singaporean dollars a year, you can borrow double or even up... |
 | Loan Alternatives: Beyond Personal Loans27 Oct 2010
by The editor.
Personal loans are ideal for people looking for a quick financial fix. Most personal loans are approved in less than 24 hours, allowing the borrower to have convenient access to money. But while a personal loan fulfills its purpose, it may not be the best option for you as the... |
 | The Pros and Cons of Loan Consolidation25 Oct 2010
by The editor.
By the way banks and other financial institutions advertise it, you would think that loan consolidation is some sort of a miracle solution to the mounting troubles caused by multiple loan and debt payments. On paper, loan consolidation is convenient and can possibly make debt management a easier. But in... |
 | A Checklist for Assessing Loan Features25 Oct 2010
by The editor.
Taking out any kind of loan is always a big financial responsibility. It is important that you compare loan features of various lenders and financial institutions to find the loan that will best fit your needs and capacity. Here is a checklistof loan features that can serve as a guide... |
 | What You Need to Know About Choosing a Renovation Loan18 Oct 2010
by The editor.
... |
 | What You Need to Know Before You Choose an Education Loan15 Oct 2010
by The editor.
The education system in Singapore is one of the best in Asia. In fact, a number of local universities in the country are considered as some of the world’s best. The National University of Singapore is one of the top 50 entries in the World University Rankings by the Times... |
