Bencoolen Street, Burlington Square, Singapore, 15th November, 2012- A recent Press Conference held with some of the esteemed business personnel resulted in the declaration
(prHWY.com) November 15, 2012 - Ca, CA -- Bencoolen Street, Burlington Square, Singapore, 15th November, 2012- A recent Press Conference held with some of the esteemed business personnel resulted in the declaration of personal loan Singapore that the company plans to provide. The recent dependence of the people on financial institutions to get a loan for personal usage has aroused the need for lending institutions that can offer the best interest rates to customers and help them with instant cash.
Personal loan is the perfect solution for urgent cash crunch. Quick cash for marriage, funding a vacation, payments for a laptop and a medical emergency etc are some of the needs for which these loans are helpful. You can get it easily and it is up to you, where to use it and how to use it. Hence it is a very convenient monetary help. It is solely granted according to the credit-worthiness of an individual. Lenders consider the continuity of the business, employment, income and various other factors to see whether the borrower will be able to repay the loan with interest during a particular time frame.
http://www.bestsimpleloan.com states that no security requirement or collateral are put forth by the institutions for issuing such loans, hence a lot of embarrassment and hassle is saved. Since no security and collateral is needed for such loans, hence this secret remains only between you and the lending institution. Generally these loans are given for a period of 12 to 60 months; these tenures provide easy repayment options to the borrowers. According to the tenure, the borrowed money along with interest is calculated and is divided into equal parts which are known as the EMIs. The borrower has to pay an EMI every month.
This personal loan Singapore also comes with a prepayment clause which means that you can repay before the promised tenure if you have money. In other words you can say that taking debt for self is the easiest and the fastest retail loans products but they are costlier than other loans such as loans against property, loans against shares and home loans. Before taking personal loan look out for foreclosure charges and any other hidden charges.
Foreclosure charges or prepayment charges on these loans can be as high as 5%. Offerings by the different lending institutions should be scrutinize carefully and always compare rates offered by them carefully. Interest rates on this loan vary according to the customer's profile. For example a self-employed person gets it at 24% but an employee of multinational company gets it at 12%. Hence make sure that you get the best deal according to your profile. This company claims to offer the best to customers and has seen a recent rise in the number of customers availing these lending services.
About the Company: The Company intends to provide personal loans to individuals who are interested in seeking some major advancement in their life in terms of business, home accessories or other purposes. This company tends to provide easy cash in simple steps thereby skipping the series of formalities that they have to go through otherwise.
###