Being an expat in Singapore isn’t always easy and it can be even more stressful when you’re short on cash. There are a lot of things to take care of when living overseas, from rent and food costs to mobile phone and data plans as well as paying for your loved ones back home. Sometimes it just makes sense to borrow money to get by, but standard personal loans geared toward citizens might not be available for you, and if they are – they may come with high interest rates that can hurt your pocket.
Thankfully, there are some licensed moneylenders who offer foreigner loan singapore to help you through your financial situation. It’s important to pick a lender who has been around for a while and has a solid reputation, as this will make it easier to get the best possible deal on your foreigner loan. You’ll also want to look for lenders who have low interest rates and don’t charge hefty application fees, processing fees or late payment fees.
A foreigner loan is a personal cash loan that can be used to cover unforeseen expenses while in Singapore. These loans are a great way to get by when you’re short on cash and they can often be approved in as little as 30 minutes. Typically, you’ll need to have a valid work pass or employment visa and proof of income to qualify, and the maximum amount you can borrow will vary between banks and licensed moneylenders.