Bukit Panjang Money Lender

Posted by admin
on March 18, 2020

Bukit Panjang is west of Singapore with well planning residential town. In the event, you need urgent cash just approaching to best licensed money lender in Bukit Panjang – Quick Credit Pte Ltd. We comprehend the urge for money for emergency expenses or the accomplishment of commitments. In the event, you need a budget for your wedding, vacations or even in an emergency situation we provide several moneylender services with low and competitive interest rates.

Besides that, we also know that people search for a licensed moneylender company that’s reliable and provide low-interest rates, especially in some other areas. Therefore, Quick Credit strive to offer services in other areas like Bukit Panjang.

Advantage of Quick Credit loans:

  1. We offering various types of loans with low-interest rates.
  2. Adjustable loan tenure to fulfill every borrower’s needs.
  3. Simple monthly repayment plans that fit one’s paying capacity.
  4. The kindly staff explains the loan term in detail.

Quick Credit Moneylender Services

  1. Personal Loan is designed to meet your individualistic needs, you can make use of the money to pay off the hospitalization fees, purchase new gadgets, wedding expenses, etc.
  2. Bridging loan is a short-term loan, e.g. you are in the process of selling your current house and purchase of a new house.
  3. Business Loan is specially created for SME entrepreneurs in Singapore. They can make use of the loan to expanding their business.
  4. Payday Loan is to assist you when there are unexpected expenses.

Several Steps to Build Your Financial Portfolio

Running a startup or a small business comes with great responsibility. As the business owner, you need to focus on the expansion and growth of the business. Many times you might become so involved in the business activities that you may forget to create your own financial portfolio. You need to know that it is important to create a financial portfolio so that you can have a one-stop solution to build wealth beyond your regular income.

How to start?

As a business owner, your first step is to handle your current financial situation by asking yourself these following questions:

  • What is my business worth?
  • If I need to sell it tomorrow, what would I be able to walk away with?
  • What are the assets that I have outside the business?
  • What are the future and current cash needs?

These questions will help you identify the purpose and will prepare you to confront the results while creating the financial portfolio. So here are the main steps to build your financial portfolio

Step 1. Make a List

As a business owner, you need to understand that savings and investments are not alike. While you are saving a part of the income, you are not utilizing the amount. When you put your savings, partly or fully, into an investment instrument, it qualifies as an investment. Make a list of the things that are bringing you income and the things which are causing you to spend. In other words, make a list of everything that you own (cars, stocks, bonds, shares, bank accounts) and everything that you owe (additional expenses and loans). You need to be honest with what you put in the list. The purpose of having a portfolio is to analyze where you stand in your life financially right now. If crafted properly, this balance sheet can help you understand your net worth. Use this formula to know the net worth at the end of the table:

Net worth = Assets – Liabilities

If the assets exceed the liabilities you have a positive net worth, but if you have a negative net worth, your debt is higher in your financial assets. Make use of software or various Excel sheets to list the assets and liabilities respectively.

Step 2. Access Your Current Investment Portfolio

Though listing your assets and liabilities is the most time-consuming part, it can pull your portfolio together accurately. The portfolio actually helps you to organize your thinking about what you own. It is important to be certain of the accounts that you have listed down. While you analyze the things listed down, do not use mental counting as it can lead to errors.


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Woodlands Money Lender

Posted by admin
on March 18, 2020

Woodlands is well planning area consists of residential, industrial and others. In the event, you need urgent cash just approaching to best licensed money lender in Woodlands– Quick Credit Pte Ltd. We comprehend the urge for money for emergency expenses or the accomplishment of commitments. In the event, you need a budget for your wedding, vacations or even in an emergency situation we provide several moneylender services with low and competitive interest rates.

Besides that, we also know that people search for a licensed moneylender company that’s reliable and provide low-interest rates, especially in some other areas. Therefore, Quick Credit strive to offer services in other areas like Woodlands.

Woodlands money lender

Advantage of Quick Credit loans:

  1. We offering various types of loans with low-interest rates.
  2. Adjustable loan tenure to fulfill every borrower’s needs.
  3. Simple monthly repayment plans that fit one’s paying capacity.
  4. The kindly staff explains the loan term in detail.

Quick Credit Moneylender Services

  1. Personal Loan is designed to meet your individualistic needs, you can make use of the money to pay off the hospitalization fees, purchase new gadgets, wedding expenses, etc.
  2. Bridging loan is a short-term loan, e.g. you are in the process of selling your current house and purchase of a new house.
  3. Business Loan is specially created for SME entrepreneurs in Singapore. They can make use of the loan to expanding their business.
  4. Payday Loan is to assist you when there are unexpected expenses.

How to Perform a Financial Cleanse

Everyone everywhere realizes that work is our directive for financial stability. Finances come through many occupations, especially one that you pursue with passion and enjoy the work on the run. It boils down to our topic. After making a personal inventory of your assets and liabilities, exercising austerity in expenditure is a good start. Here are some pointers

1.   Credit Card

The average Singaporean household holds some credit cards that are plastic money incurring interest when the minimum payments are not regular on monthly balances being carried forward to the coming months. Even if you are making all your payments on time, retain the oldest credit card and close out all other credit cards, be it the most used credit card. More than a single credit card spells identity theft. In case you possess high-interest credit cards, consolidate your credit cards.

Call the customer care of your credit card company and ask them to transfer all balances off of high-interest credit cards to a single low-interest credit card. It is discretion in credit card debt at its least. The wisest option is to close out all credit cards and maintain a debit card. Set up automatic payments from your checking account linked to your debit card. This way you can spend, and the debt limit is already redeemed to the extent of spending.

2.   Debt Repayment

Apart from credit card debt, the common man in Singapore may be burdened with car loans, business loans, personal loans, student loans, and mortgages. Consult with a debt redemption coach or advisory may be available with your bank or credit card company or complimentary service boards at an association you are affiliated with little or no fees charged to you. Strategize your debt management accordingly. Consider options within your company. Keeping a really good job with a high salary will ensure your debts will be paid off in due time.

There is a list of free libraries and online resources where you can qualify for a decent certificate and move in as a learner. When you make a certified career choice or are skilled in multiple areas of certified study, your rate of earnings will be hiked at a decent percentage, and an incentive structure or monetary perks will also take you to an elevated income.

Now that you are kept abreast of these pointers, we hope to meet your expectations, with various avenues and resources unfolding for you.


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Choa Chu Kang Money Lender

Posted by admin
on March 18, 2020

Quick Credit Pte Ltd is a trusted licensed moneylender in Choa Chu Kang. We comprehend the urge for money for emergency expenses or the accomplishment of commitments. In the event, you need a budget for your wedding, vacations or even in an emergency situation we provide several moneylender services with low and competitive interest rates.

Besides that, we also know that people search for a licensed moneylender company that’s reliable and provide low-interest rates, especially in some other areas. Therefore, Quick Credit decided to provide services in other areas like Choa Chu Kang.

Benefits of Quick Credit personal loans:

  1. We provide various types of loans with low-interest rates.
  2. Adjustable loan repayment to fulfill every borrower’s needs.
  3. Simple monthly repayment plans that fit one’s paying capacity.
  4. The kindly staff explains the loan term in detail.

Quick Credit Moneylender Services

  1. Personal Loan is designed to meet your individualistic needs, you can make use of the money to pay off the hospitalization fees, purchase new gadgets, wedding expenses, etc.
  2. Bridging loan is a short-term loan, e.g. you are in the process of selling your current house and purchase of a new house.
  3. Business Loan is specially created for SME entrepreneurs in Singapore. They can make use of the loan to expanding their business.
  4. Payday Loan is to assist you when there are unexpected expenses.

How to Perform a Financial Cleanse

Everyone everywhere realizes that work is our directive for financial stability. Finances come through many occupations, especially one that you pursue with passion and enjoy the work on the run. It boils down to our topic. After making a personal inventory of your assets and liabilities, exercising austerity in expenditure is a good start. Here are some pointers

1.   Credit Card

The average Singaporean household holds some credit cards that are plastic money incurring interest when the minimum payments are not regular on monthly balances being carried forward to the coming months. Even if you are making all your payments on time, retain the oldest credit card and close out all other credit cards, be it the most used credit card. More than a single credit card spells identity theft. In case you possess high-interest credit cards, consolidate your credit cards.

Call the customer care of your credit card company and ask them to transfer all balances off of high-interest credit cards to a single low-interest credit card. It is discretion in credit card debt at its least. The wisest option is to close out all credit cards and maintain a debit card. Set up automatic payments from your checking account linked to your debit card. This way you can spend, and the debt limit is already redeemed to the extent of spending.

2.   Debt Repayment

Apart from credit card debt, the common man in Singapore may be burdened with car loans, business loans, personal loans, student loans, and mortgages. Consult with a debt redemption coach or advisory may be available with your bank or credit card company or complimentary service boards at an association you are affiliated with little or no fees charged to you. Strategize your debt management accordingly. Consider options within your company. Keeping a really good job with a high salary will ensure your debts will be paid off in due time.

There is a list of free libraries and online resources where you can qualify for a decent certificate and move in as a learner. When you make a certified career choice or are skilled in multiple areas of certified study, your rate of earnings will be hiked at a decent percentage, and an incentive structure or monetary perks will also take you to an elevated income.

Now that you are kept abreast of these pointers, we hope to meet your expectations, with various avenues and resources unfolding for you.


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Dover Money Lender

Posted by admin
on March 18, 2020

Quick Credit Pte Ltd is a trusted licensed moneylender in Dover. we comprehend the feeling of thirst for cash in an emergency or accomplished of others’ commitment. In the event, you need a budget for your wedding, vacations or even in an emergency situation we provide several moneylender services with low and competitive interest rates.

We also know that people search for a licensed moneylender company that’s reliable and provide low-interest rates, especially in some other areas. So Quick Credit decided to provide services in other areas like Dover.

Dover Money Lender

Benefits of Quick Credit personal loans:

  1. Various types of loans with low-interest rates.
  2. Adjustable loan packages to meet every borrower’s individual needs.
  3. Simple monthly repayment plans that fit one’s paying capacity.
  4. The friendly staff explains the loan term in detail.

Quick Credit Moneylender Services

  1. Personal Loan is designed to meet your individualistic needs, you can make use of the money to pay off the hospitalization fees, purchase new gadgets, wedding expenses, etc.
  2. Bridging loan is a short-term loan, e.g. you are in the process of selling your current house and purchase of a new house.
  3. Business Loan is specially created for SME entrepreneurs in Singapore. They can make use of the loan to expanding their business.
  4. Payday Loan is to assist you when there are unexpected expenses.

How to Perform a Financial Cleanse

Everyone everywhere realizes that work is our directive for financial stability. Finances come through many occupations, especially one that you pursue with passion and enjoy the work on the run. It boils down to our topic. After making a personal inventory of your assets and liabilities, exercising austerity in expenditure is a good start. Here are some pointers

1.   Daily Needs

The main crux here is that when you have money at your disposal, do not spend it on wishes and wants. You may be tempted to spend the cash, say cash withdrawn from an ATM; however, if you are invited to a product fair by friends the same day, you will tend to splurge all the withdrawal amount. It will get you into the habit of withdrawing more because you spent it all on products and left no room for expenses on edibles, maybe at mealtime. So, unless that is necessary, don’t squander money or spend it lavishly without thinking or being accountable for your spendthriftness. On a daily or weekly basis, make a list of your savings or withdrawals and spendings. Analyze where did the money go into effect streams for a day or a week. Determine what is the amount you set aside daily or for each week. Evaluate now the pool of savings as against the money losses. While keeping a track this way of your moving funds from your assets towards your liabilities, you can arrive at the conclusion that money flow has to be channelized appropriately meeting daily expenses with money reserves left for savings deposits in the bank and to carry out the next day or week plans for costs.

2.   Motivation Triggers

Stay disciplined with your finances. Check with yourself your core values to trigger your motivation levels. Be inspired to get down on total expenses. Move out of the orbit of excessive spending. Look for opportunities to build on your income and keep a note of your sources of earnings and how to be resourceful; at the same time receiving resourcefulness. Ensure you can stay in touch with your core through self-assessment and analysis. Inculcate self-motivation and have this inner speak of self-motivation, fuelled daily by positive affirmations. Cut down on eating habits that waste your money extravagantly. Instead of ordering junk food and binging, try sourcing recipes where you can make something nutritious and healthy from meager means and end up with cooked meals. For food, consumption does not confine yourself to restaurants, bars, snack outlets, joints, and movie halls. Make a clean sweep of your expenses by may be taking up side jobs that pay high and source freelance weekend or late evening jobs with a competitive incentive structure. Create a money journal or a savings and expenses diary where each small item is not trivial. Every single day put an entry into this journal and review money leaks; reorient yourself to better plans based on the money diary. If you are used to online records, maintain an excel sheet with the insertion of tables. Go for garage sales and other retail sales that you can passively steal a bargain instead of marketing and shopping at the market price. With inflation, and demand and supply market forces, invest your money in supermarkets and other discount stores.


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Clementi Money Lender

Posted by admin
on March 18, 2020

Quick Credit Pte Ltd is a trusted licensed moneylender in Clementi. we comprehend the feeling of you need cash in an emergency or accomplished of others’ commitment. In the event, you need a budget for your wedding, vacations or even in an emergency situation we provide several moneylender services with low and competitive interest rates.

We also know that people search for a licensed moneylender company that’s reliable and provide low-interest rates, especially in some other areas.

Benefits of Quick Credit personal loans:

  1. Various types of loans with low-interest rates.
  2. Adjustable loan packages to meet every borrower’s individual needs.
  3. Simple monthly repayment plans that fit one’s paying capacity.
  4. The friendly staff explains the loan term in detail.

Quick Credit Moneylender Services

  1. Personal Loan is designed to meet your individualistic needs, you can make use of the money to pay off the hospitalization fees, purchase new gadgets, wedding expenses, etc.
  2. Bridging loan is a short-term loan, e.g. you are in the process of selling your current house and purchase of a new house.
  3. Business Loan is specially created for SME entrepreneurs in Singapore. They can make use of the loan to expanding their business.
  4. Payday Loan is to assist you when there are unexpected expenses.

How to Stay Out of Debt with Low Income

Living with a low income? We all can understand how painful it is. Whether you have started working recently or your employer doesn’t pay much, you will have to survive with limited money at hand. And to make sure that you don’t fall into the deep well of debts, you must follow these tips.

Diversify Your Income

Today, when everything’s so expensive, and when you have low income, looking for a secondary means of income is more than a good thought. If you think that you can manage your time and resources well, consider getting a second job. You can either look for a real job or convert your hobby into work. You can tuitions at home, be a freelance writer or graphic designer, photographer, babysitter, or anything else that you would want to be. You can even fill online surveys to get paid at a slow pace. You can use this additional income to make more savings or live a little more comfortably.

Avoid Unnecessary Fees

Various fees and penalties can also burn a hole in your pocket. So, it is the best idea to stay away from different extra costs. Pay all your bills on time – utility, mobile, internet usage, credit card, loan, insurance policy, and other liabilities. Don’t miss out on even one billing date as doing so can result in penalties that you will have to pay unnecessarily for issues that you could’ve easily avoided. If you think you won’t be able to pay a month’s bill or rent, talk to the concerned person and try to find a solution to save yourself from additional fees.

Don’t Raise Your Budget

The actual challenge is when your income increases but you still have the thought of saving money and staying out of debt. This is the time when you will have to keep control over yourself. Suppose you get a tax return, bonus, appraisal, or promotion. Your income will increase, but that doesn’t mean that it is a good idea to raise your budget and start living lavishly. You still should live with a limited budget. Put it directly into an account that pays interest; it may help you grow the value of your cash. Or you can even plan another investment to secure your future. Depending on the amount you receive, think of ways that will benefit your present and your future. The same rule should apply when you have a secondary income.

Along with a tight budget and curbing unnecessary expenses, you must also keep some emergency funds for yourself. You never know when an emergency may arise. You must be prepared for it. Hence, save a certain amount every month for unfortunate times. Take that amount away from your regular budget and make sure you don’t touch the amount at any cost.


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Jurong West Money Lender

Posted by admin
on March 18, 2020

Quick Credit Pte Ltd is a trusted licensed moneylender in Jurong West. we comprehend the feeling of you need cash in emergency or accomplished of others commiment. In the event, you need a budget for your wedding, vacations or even in an emergency situation we provide several moneylender services with low and competitive interest rates.

We also know that people search for a licensed moneylender company that’s reliable and provide low-interest rates, especially in some other areas.

jurong west moneylender

Benefits of Quick Credit personal loans:

  1. Personal loans offering low-interest rates.
  2. Adjustable loan packages to meet every borrower’s individual needs.
  3. Simple monthly repayment plans that fit one’s paying capacity.
  4. The friendly staff explains the loan term in detail.

Quick Credit Moneylender Services

  1. Personal Loan is designed to meet your individualistic needs, you can make use of the money to pay off the hospitalization fees, purchase new gadgets, wedding expenses, etc.
  2. Bridging loan is a short-term loan, e.g. you are in the process of selling your current house and purchase of a new house.
  3. Business Loan is specially created for SME entrepreneurs in Singapore. They can make use of the loan to expanding their business.
  4. Payday Loan is to assist you when there are unexpected expenses.

How to Stay Out of Debt with Low Income

Living with a low income? We all can understand how painful it is. Whether you have started working recently or your employer doesn’t pay much, you will have to survive with limited money at hand. And to make sure that you don’t fall into the deep well of debts, you must follow these tips.

Keep Your Budget to Minimum

This goes without saying that when you have low income, you must create a lean monthly budget. That might mean not going out to eat, having a “staycation” instead of a vacation this summer, and canceling your monthly subscriptions. Just don’t end up buying things that you don’t actually need or spend excessively on an entertaining life. Suppress your wants a bit and keep a control on your emotions. Keep checking your bank balance and cash from time to time to remind yourself of your financial position. All these will help you create a reasonable budget and stick to it throughout.

Think Before You Make Large Purchases

If you have a low income, making big purchases can be one thing where you’ll take a lot of time and consideration. But if you don’t wish to plan well before buying a new car or a washing machine, you are going on the wrong track. A major money habit that separates the rich from the poor is delaying instant gratification. Too many people think being in debt is a fact of life, and end up buying things and paying for them for a long period. This is wrong. Pause and think well before you have to spend more than S$100 for anything. Discuss it with your family members. Evaluate the benefits of what you wish to purchase and weigh them with the cost. If you think that it will be a fair purchase, plan your finances for the future and purchase it.

Avoid the Use of Credit Card

A major financial pitfall for many individuals is using credit cards irresponsibly. Credit cards also increase the odds that you’ll spend more than with cash or debit even if you pay your balance in full each month. Therefore, avoid using your credit card as much as possible. Make sure you only use available cash or your debit card to pay bills and make purchases. Doing so will reduce your liabilities to your credit card. Or even better, don’t purchase a credit card so that you are not attracted to use it for unnecessary expenses.

You can even use a free program like Debx, your credit card acts like a debit card. Each day, Debx withdraws the cash from your checking account to cover your daily purchases–so you never carry a card balance–while you earn rewards points and improve your credit score.


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Jurong East Money Lender

Posted by admin
on March 18, 2020

Quick Credit Pte Ltd is a Best licensed moneylender in Jurong East. we comprehend the importance of people who really needs several things or in case of emergency. In the event, you need a budget for your wedding, hospitalize fees, vacations or even in an emergency situation we provide several moneylender services with low and competitive interest rates.

We also know that people search for a licensed moneylender company that’s reliable and provide low-interest rates, especially in some other areas.

Benefits of Quick Credit personal loans:

  1. Personal loans offering low-interest rates.
  2. Flexible loan packages to meet every borrower’s individual needs.
  3. Easy monthly repayment plans that fit one’s paying capacity.
  4. The friendly staff explains the loan term in detail.

Quick Credit Moneylender Services

  1. Personal Loan is designed to meet your individualistic needs, you can make use of the money to pay off the hospitalization fees, purchase new gadgets, wedding expenses, etc.
  2. Bridging loan is a short-term loan, e.g. you are in the process of selling your current house and purchase of a new house.
  3. Business Loan is specially created for SME entrepreneurs in Singapore. They can make use of the loan to expanding their business.
  4. Payday Loan is to assist you when there are unexpected expenses.

How a Business Loan Helps Financial Business People

Being a self-employed business person is an excellent reputation in the society but the challenges faced by the entrepreneurs from day one of their businesses are enormous. There are various sources for business people to raise capital for their business. The most dependable source is from banks. There are several reasons why people choose banks as the best source for raising money for their business. Banking institutions provide a lower cost of capital in the form of Business Loans.

How a person can qualify for a business loan.

An Existing Banking Relationship

The first tip in strengthening your loan proposal is to have an existing banking relationship. You can exponentially increase the likelihood of obtaining a loan by applying with a bank that holds either personal or business checking accounts. Banking institutions make money by charging more interest on loans than they pay out for deposits. By applying for a loan with a bank you will have deposits with, they can make exceptions to their lending strategy based on the durability of relationship with you. The primary unspoken rule of commerce is people like to do business with people they understand, like, and trust.

Present a Clear and Practical Business Loan Proposal

The subsequent tip-in qualifying for a loan is to present a clear and practical plan. Can you imagine the variety of business loan requests the banker gets every day? Although most bankers won’t admit this, however, they love to receive business loan plans which are clear and compelling. Preferably, the loan proposal should only cover the highlights of the business project along with key facts on the borrower. The purpose of the business loan proposal is to induce the banker’s interest to find out more about the loan chance and possibly pursue a deal. A key document in the proposal is the Executive Summary because it describes, in summary, the purpose and intent of the business loan opportunity. This document is usually one page in duration with relevant sections disclosing the loan opportunity, the profit potential of the venture, repayment analysis, and collateral analysis.

Have a Compelling Presentation

In addition to having a clear and practical proposal, there’s a need to have a compelling presentation to aid in enticing the banker to approve the deal. Bankers are often frustrated with loan inquiries because they have no focus and lack of organization. Bankers’ analyses over a hundred deals a week and most are sporadic phone calls or walk-in clients that inquire loosely about loan opportunities with no firm basis of the conversation. Clear and organized paperwork are vital components in getting the banker’s attention and promptly progressing through the loan underwriting and approval process.

Though business loans are found to be an excellent source for raising capital, businesspeople undergo challenges in getting timely funds from the banks.  Banks have also made the lending process easy, with all verification done in shorter time-span, doorstep assistance in collecting documents, etc. Businesses with good cash flows & credit score can avail timely funds with much ease.


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Jurong Money Lender

Posted by admin
on March 17, 2020

Quick Credit Pte Ltd is a Best licensed moneylender in Jurong, we understand the importance of people who really needs several things or in case of emergency. In case you need a budget for your wedding, birthday celebration, vacations or even in an emergency situation we provide several moneylender services with low and competitive interest rates.

We also know that people search for a licensed moneylender company that’s reliable and provide low-interest rates, especially in some other areas. So Quick Credit decided to provide services in other areas like Jurong.

Benefits of Quick Credit personal loans:

  1. Personal loans structured with easy to understand repayment terms.
  2. Flexible loan packages to meet every borrower’s individual needs.
  3. Easy monthly repayment plans that fit one’s paying capacity.

Quick Credit Moneylender Services

  1. Personal Loan is designed to meet your individualistic needs, e.g. cash required for home renovation, education, repayments of credit cards or other forms of personal loans.
  2. Bridging loan is a short-term loan, e.g. you are in the process of selling your HDB flat or private property.
  3. Business Loan is specially created for SME entrepreneurs in Singapore. They can make use of the loan to expanding their business.
  4. Payday Loan is to assist you when there are unexpected expenses.

How a Business Loan Helps Financial Business People

Being a self-employed business person is an excellent reputation in the society but the challenges faced by the entrepreneurs from day one of their businesses are enormous. There are various sources for business people to raise capital for their business. The most dependable source is from banks. There are several reasons why people choose banks as the best source for raising money for their business. Banking institutions provide a lower cost of capital in the form of Business Loans. There are various types of business loans at different rates of interest to help business people to solve their financial crises.

Secured Business Loan – Business loans wherein companies raise their capital against any security for the financial institution. It may incorporate property, residential or industrial places, gold, stocks, bills, insurance as collateral to get funds for their enterprise. The interest rate is ideally much less.

Unsecured Business Loan – Every businessperson cannot afford to pledge a security in getting the business loan, so bankers help them with loans without the security depending on bank transactions and also income tax returns. These loans are charged with more interest rates when compared to secured business loans.

Prerequisites of the Banks

There are various steps and processes followed by banks to provide capital. The process and documents to be provided to the banks given below

Identification and address proof of the company – Address evidence and identity proof of partnership or proprietor business.

Financial statement of the business – Every bank is enthusiastic about finding the recent one-year enterprise transaction of the business.

Income tax returns – ITR helps the bankers to verify the business efficiency, efficiency level, assets and liabilities of the company and also tax that the company pays from their current return. This also plays a significant role in deciding the loan amount for entrepreneurs.

Financial Security – It includes the fixed and movable assets of the business which assists the banker to consider providing business loans based on the asset value along with the business deals. This also defends banks from the failure of business people that neglect to repay the loan amount.

Previous Loan track – This is a significant factor regarded by banks which will help them evaluate the financial condition of the business and also to check into past repayments on loans.


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Everything you need to know about investing in unit trusts

Posted by admin
on March 16, 2020

What do you do when you just start earning for yourself? You may splurge all of it or treat your family to a nice dinner. Whatever may be the case, the feeling of receiving your first paycheck is unique and all of us get to experience it at some point. Once we start earning, our next concern is to manage expenses and find ways to save and invest. While most of us manage to save to some extent, we tend to be clueless about investing our funds.

For those of you who are new to the world of investing, putting your stakes in unit trusts could be the right thing to do. Why? Unit trusts are a combination of assets, which include a mix of shares among bonds, real estate, and other investments. These unit trusts are handled by fund managers. Unit trust investments are divided into units that are brought by various investors. So, for those of you who seem to lack a sense of direction in the field of investing, unit trusts could be a good investment option.

To help you make up your mind, here are a few things you should know about unit trust investments.

You get more investment opportunities

As discussed above, unit trusts involve a group of funds. And many investors pool in their money in these wide ranges of funds. Usually, when people start earning newly, they tend to have lesser funds available for investing. But in the case of unit trusts, you can invest along with others to enjoy the earnings from them collectively. So, you spend and earn together. You can also consider investing in the global market through unit trust investments.

You have less control over how your money is invested

Unit trusts are professionally managed by fund managers. In a way, you end up giving some of your autonomy over how your money is spent. You cannot ask your fund manager to invest in a particular fund. Your fund manager will invest in certain funds based on the firm’s expertise, market knowledge, and analysis. This can be a good thing, especially if you are new to the game. But if you are a control freak and believe in doing everything yourself, then maybe unit trusts aren’t your thing.

It’s not completely risk-free

No doubt you get to diversify your risk by investing in unit trusts, but that doesn’t completely eliminate all the risk from your investments. Market factors will impact the performance of the unit trust. There is a chance that you will get a negative return depending on the economy. This is something you will have to be prepared for and accept. With every investment, there is bound to be some degree of risk involved.

You will have to identify the best performing fund

Along with your fund manager, you can carefully determine the best performing fund for you based on the rate of returns, and awards and recognition. The return rate determines your gains and is calculated per annum as a percentage based on the fund’s performance in the market.

Most unit trust companies will post a fact sheet on their website, which details their fund performance to ensure transparency for the investors – with this, you can gauge your chances of a return.

Understand the different type of funds

There are also different types of unit trust funds you can invest in. Not all unit trusts are created equal, each fund is complemented with different assets. So, it’s best you understand the common types of unit trust funds available and how they complement your financial goals to know which to put your money in. Some common types of unit trusts involve equity funds, balanced funds, bond/fixed income, and money market funds.

With unit trust investments, you can be sure that your money is in safe hands. Your fund manager will always have the best interest of investors and will work to maximize your returns without you having to do it yourself.


Your Trusted Licensed Moneylender in Jurong – Quick Credit Pte Ltd

Looking for instant cash just keep in touch with Quick Credit licensed lender. Quick Credit is your best choice to get a personal loan. Our officer will comprehend your overall situation after that, create the premium personal loan to fits you. All of our staff are full of money lending knowledge ready to give you the best advice. In addition, Quick Credit is a responsible money lender open on Sunday! Apply for your low-interest loan now!

Still, have any questions, just send an email to  enquiry@quickcredit.com.sg. Our officer will contact you as soon as possible. An alternative way to contact us is just to drop us a message here our staff will get back to you asap.

Another hand you also can reach us at +65 6899 6188. Head down to our office to get free consultation 2 Jurong East Street 21 #04-01A IMM Building Singapore 609601.

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Common Fixed Deposit Mistakes to Avoid

Posted by admin
on March 5, 2020

When it comes to making investments in Singapore, you have countless options available. Depending on the amount you are willing to invest and your risk-taking capacity, you can choose between stocks, bonds, mutual funds, insurance policies, fixed deposits, etc. Talking about fixed deposits, it is a good option for those planning to invest a fixed amount for a considerable period without withdrawing money or expecting multiple returns. However, while investing in fixed deposits, people end up making a lot of mistakes that may cost them a lot. Listed below are some of the most common mistakes.

No Clear Goals

Having a goal gives us a clear idea about what we want to do. If you do not have a proper goal when it comes to investments, then you might end up disappointed. Your aim should be easy to achieve. Your objective matters a lot in forming a strong strategy for investments. You might want to save money in a fixed deposit for various reasons like for a wedding, higher education, vacation, retirement, etc. The strategy that you choose when you are investing your money depends on your aim and also on your goal.

Making Long-term Investments

Generally, the longer the fixed deposit term, the higher the interest rate. Before locking in that attractive rate with a five-year plan, you should do your homework first. The last thing you want to do is commit to a lengthy fixed deposit right before the federal reserve increases rates. It is a good idea for fixed deposit investors to keep an eye on fixed deposit news headlines to understand when rates might fluctuate. It is also important to note that significant increases in fixed deposit rates typically occur over several years.

Tying up your funds over a long period could prevent you from taking advantage of fixed deposits with higher yields if they become available further down the road. While it is possible to pull your funds out of a fixed deposit before it matures, doing so usually results in penalty fees – which can take a real bite out of your interest earnings, and in some cases even your principal.

Selecting a Bank Without Any Research

There are plenty of banks out there offering fixed deposits. Whether you are more comfortable putting your funds into a local, regional, or national bank, it pays to evaluate a few different financial institutions to see what fixed deposit rates they have to offer. Trying out the bank down the street instead of the bank you have your current account with might make sense if they are offering a more competitive rate. Be sure to ask your bank about any fixed deposit specials they might be offering too. Visit several banks personally or check the terms online of various banks before you compare them and select the best bank for your fixed deposit investments.

Missing Out on Diversification

Although “diversifying” in the investment world typically means having different types of investments such as stocks, bonds, and fixed deposits,. You can also diversify your fixed deposit investments specifically. This is where fixed deposit laddering comes in. Basically, fixed deposit laddering is when you set up multiple fixed deposits that will mature at staggered intervals, so you will have access to your fixed deposit funds on an ongoing basis. Fixed deposit laddering typically involves a mix of short and long-term fixed deposits, so you can reap the benefits of longer terms with higher rates, while still having other fixed deposits maturing regularly.

Keeping Aside Insurance

A fixed deposit scheme and an insurance policy are two very different investment options. The benefits of either of them can never overlap those of the other. Having insurance is necessary, even if you have invested in fixed deposits. The insurance covers all the uncertainties in life, and if anything bad happens, you will be prepared. Having a basic insurance coverage like health insurance and life insurance is very important. If anything happens, having insurance will not affect your future financial goals. These policies help secure your family and loved ones in unforeseen events. This way, in cases of emergency, you always have an insurance policy as a backup option. This will ensure that you do not have to break your deposits or other investments in case the urgent need for cash arises.

Not Following Up

You must keep a tab on all your investments periodically. At every stage of the investment, you need to have a clear record of the returns and the account details. Pay attention to your bank statements and passbook entries of the fixed deposit account. The benefits that you get from your investments are affected by a lot of factors, including the current market scenario. Once your fixed deposit matures, you have a chance to withdraw your funds or move them to another fixed deposit or investment. This is a great opportunity to see if there are higher rates available for your savings.

Now that you know the kind of mistakes people end up making, you can be careful in the process of fixed deposit investing. Right from the beginning, you can watch your actions and ensure that you don’t make any errors throughout.


Your Trusted Money Lender in Singapore– Quick Credit Pte Ltd

Looking for instant money just keep in touch with Quick Credit licensed lender. Quick Credit is your best choice to get a personal loan. Our officer will comprehend your overall situation after that, create the premium personal loan to fits you. All of our staff are full of money lending knowledge ready to give you the best advice. In addition, Quick Credit is a responsible money lender open on Sunday! Apply for your low-interest loan now!

Still, have any questions, just send an email to  enquiry@quickcredit.com.sg. Our officer will contact you as soon as possible. An alternative way to contact us is just to drop us a message here our staff will get back to you asap.

Another hand you also can reach us at +65 6899 6188. Head down to our office to get free consultation 2 Jurong East Street 21 #04-01A IMM Building Singapore 609601.

Continue Reading...