All You Need to Know About HDB BTO Flats

Posted by admin
on November 3, 2020

All You Need to Know About HDB BTO Flats

Buying a house is one of the most significant milestones of your life, and unless you are a millionaire, you are probably looking at Housing and Development Board (HBD) Built-to-Order (BTO) flats as your first home. They are the cheapest option when it comes to owning a house in Singapore, and the board also offers various subsidies with the purchase. However, applying for HDB BTO flats can be a bit confusing; hence, here is everything you need to know about the BTO flats in Singapore.

All You Need to Know About HDB BTO Flats

Mortgage and Subsidies

The first step in buying a BTO flat is figuring out the finances. You can either take a loan from HDB itself or a bank. Here, the biggest difference between HDB and bank loans is the Loan to Value (LTV) limit. That is, bank loans appear to be cheaper because of the lower interest rates, but they can be expensive in the long run as they require you to make a down payment of 25% of the total cost of the house. On the other hand, HDB loans only require you to make a down payment of 10% of the total cost. This can not only be easy on your wallet when purchasing the house but also cheaper in the long run.

Moreover, the government of Singapore also offers subsidies that you can apply for. Here, you and your spouse can take advantage of CPF Housing Grants that can cut down the cost of the house significantly. Moreover, you should also check if you are eligible for multiple grants, so you can also take advantage of the Special CPF Housing Grant. Each grant is capped at S$40,000, so you can save as much as S$80,0000 in your BTO flat purchase.

BTO Estates and Flats

BTO flats are located in clusters known as estates, and the location and maturity of the estates determine their price and value in the market. The estate’s location and accessibility determine the price of the BTO flats, and there are two types of estates, non-mature and mature.

Non-mature estates are those that have been around for less than 20 years, like Hougang, Sembawang, and Punggol. The flats in these estates are 10-15% cheaper than those in mature estates. However, this low price comes at the expense of accessibility since these non-mature estates are located far from major town hubs, schools, and malls.

On the other hand, the mature estates are those that have been around for a long time, and they are also easily accessible from major town hubs. BTO flats in these estates come at a steeper price, but they provide the ease of accessibility that non-mature estates do not. Some of the top mature estates for BTO flats are located at Ang Mo Kio, Bedok, and Pasir Ris.

Now, within these estates, you have the option of choosing from various types of flats, from 3-room condominiums to 4-room apartments, and even big lofts.

Eligibility Criteria

BTO flats are special category flats, part of the public housing scheme, that can only be purchased by those with lower income levels. Hence, there are several eligibility criteria that you need to meet before you can buy these flats, like.

Low-Income Ceiling

Since the BTO flats are subsidized public housing, your income has to be low enough to qualify for the purchase. For example, if you want a 3-room apartment, then your income should range from S$6,000 to S$12,000; for 4-room flats, your income should be around S$12,000; and it should be S$18,000 for 3-generation units like lofts. This pricing is aimed at first time buyers who are in their 20s.

Family Size

Moreover, you also have to have the right type of family to purchase BTO flats, unlike private houses that you can buy as you please. Here, there are three schemes concerning the structure of your family. One, the fiance/fiancee scheme, where you can purchase the flat with your spouse-to-be. Two, the public scheme where families, parents, spouses, siblings, and children are eligible for purchase. Three, the special cases scheme which is reserved for single citizens, orphans, and joint singles. Additionally, at least one member of the scheme, be it special cases or fiance/fiancee, has to be a Singaporean citizen or a PR.

Minimum Occupancy Period

Lastly, if you want to purchase a BTO flat, then you have to live there for at least five years. Here, you cannot rent out the entire property to a third party, and nor can you leave it unoccupied. However, if you have a spare room or two, then you can rent out those rooms to tenants if you want.

Procedure to Apply for BTO Flats

Once you have figured out your finances and ran an eligibility check, the next step is to apply for the BTO flats in your desired location. Here is what the procedure is like.

Balloting for Your BTO Flat

Here, you need to check the HDB website regularly for any notifications regarding the upcoming sales launches. You need to pay S$10 to ballot for the launches, and depending on your luck, it may take several tries before you are shortlisted for a flat. You should expect the results for your ballot after a month.

Selecting the BTO Flat

Once you are selected, you will be assigned a queue number, and you have to show up at the HDB Hub to choose your apartment accordingly. Remember to carry your IC and income documents, and the HLE if you are taking a loan from HDB. Once you select the flat, you can then start the purchase process on the spot by paying a nominal fee; this is also where you can apply for CPF Housing Grant.

Signing the Lease Agreement

Once you have successfully chosen the house and taken care of the due procedures, you then have to sign the lease agreement. You have four months after booking a flat to do so. And make sure your loan is arranged before you sign the deal. Here, you also have to pay the down payment along with stamp duties and legal fees.

HDB BTO flats are a great way to buy your first house, and knowing these schemes, benefits, and procedures, can help you make your purchase correctly without any hiccups.


Top legal moneylender – Quick Credit

In any event, you require quick cash for urgent spending just get help from Quick Credit licensed lender. Our loan 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. Besides that, Quick Credit is a responsible money lender open on Sunday!  Grab your low-interest loan today!

Intrigue to know more about our loan?  Send email to  enquiry@quickcredit.com.sg. Our officer will get back to you as soon as possible. Another 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. Drop by our office to get free consultation 2 Jurong East Street 21 #04-01A IMM Building Singapore 609601 Check out our customer reviews at google review.

Continue Reading...

How to Prepare for the Economic Fallout of Coronavirus

Posted by admin
on October 5, 2020

How to Prepare for the Economic Fallout of Coronavirus

This is, indeed, the time of crisis that no one ever expected. We have seen such situations only in movies, but now it is our reality. The novel coronavirus is not only affecting the health of people, but it also has an extreme impact on the global economy. Many companies have taken steps to save their company and their employees from the economic fallout. The companies have cut off the salaries of everyone working, whether it is an employee or CEO. The work in the office too has been cut off from some companies and businesses. Many are worried about the economic fallout, but this is not time to worry. You will have to plan to survive this recession. Many still have not planned their finance for the time of crisis, which is totally wrong. You have to be prepared, so here we provide you some tips that can help you to plan for the economic crisis.

How to Prepare for the Economic Fallout of Coronavirus
How to Prepare for the Economic Fallout of Coronavirus

Excel at Your Job

In such a time, no one wants to lose their job. Many companies have removed employees from the company, and if that is not in your case, then be thankful. But you can lose your job too if you don’t excel at it. Most people are working from home, and that does affect their productivity, and you should avoid that. Companies and businesses are finding ways to save their finance, and if your performance turns out to be not appealing, then you can be the target. So better is to utilize the extra time you are getting at home. Improve the skills that you lack in. Focus on your work, stay determined, and try to complete your work in the given time. This is an essential time to improvise your work, so when the lockdown is lifted, your company should feel that you are an important asset for them.

Increase Your Network of Contacts

It is a fact that most of the people get a job through their contacts. Contacts are vital if you want to secure a job. Still, many people have a weak or moderate network of contacts, if you are one of them, then please improve. Prepare yourself for the worst, your work may be in good condition, even you excel at your work, but you don’t know what future your company has. So you need to increase your network of contacts. Contact your family and friends and ask them for contacts related to your field or something new, but interests you. There are online websites and portals like LinkedIn, where you can connect with people and increase your network. The best way is to attend online education programs that will help you to develop your skills. If you have such a widespread network, then it will surely help you in the future to get a good opportunity.

Cut Your Expenses

The time we are going through is not to enjoy luxury. Instead, it is time for survival. We are all together in this time of hardship, so make sure you are spending and saving wisely. You will have to cut the expenses that you were used to spending on luxuries. The money that you will save now will be essential during the economic crisis. Cut out on your shopping expense, online entertainment, and other essential expenses. The money that you will save now can help you to create an emergency fund out of it. In times of economic recession, you won’t need to borrow money and could rely on your emergency funds.

Avoid Debts

In the time of economic fallout, the worst a person can do is borrowing money. Not only you, but everyone else is going through hard times. If you borrow money now, then it means you will have to pay off the amount as soon as possible. There is no guarantee that you will have enough money during the financial crisis to pay off your debts. Keep from using credit cards and rather use your debit card. The debts can be difficult to pay if you are not left with much money. This is no time to play it big or play with risk. Take your finances seriously and play safely. If you have some money saved aside for future plans like retirement, then use it rather than borrowing. Yes, you need the money for your future, but for that, you will have to stabilize your current situation.

Look for Additional Opportunities

If you are relying only on your current work, then you can face difficulties. When the global lockdown is lifted, many opportunities are going to emerge, and you don’t want to miss out on that. Keep an eye on the changes occurring and develop your skills. You can also look for new opportunities, where your current skill set fits in. Also, during the lockdown, if you get any new opportunities from where you can generate additional revenue, then don’t miss it. But in such time also save yourself from falling into any trap, like someone would suggest you to buy a property as the prices have lower down. You don’t know what will happen in the future, and you also don’t know the current scenario. Even you will not have many sources to check if the deal is a fake or not.

You will gradually save yourself and your family from the forthcoming economic crisis if you follow these tips. Don’t take any step that can make you face the consequences. You don’t need to panic; just take the necessary steps and have sustainable cash with you.


Great legal money lender – Quick Credit

Any event, you require quick cash for urgent spend just get help from Quick Credit licensed lender. Our loan 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. Besides that, Quick Credit is a responsible money lender open on Sunday!  Grab your low-interest loan today!

Intrigue to know more about our loan?  Send email to  enquiry@quickcredit.com.sg. Our officer will get back to you as soon as possible. Another 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 6899 6188. Drop by our office to get free consultation 2 Jurong East Street 21 #04-01A IMM Building Singapore 609601.  Check out our customer reviews at google review.

Continue Reading...

Common Debit Card Frauds

Posted by admin
on September 2, 2020

Common Debit Card Frauds You Must Know Of

Since the technological revolution of the world, we all accepted to go cashless and paperless. Now there were lesser chances of criminals robbing you of your money which was cash in your pocket. Technology brought us online transactions and internet marketing with the help of credit and debit cards. Now the situation is that you might not get rob on your way to the store with your pocket full of cash. But the robber can threaten you with a bullet asking you to withdraw money from the ATM.

A lot of criminals tried that on people, but the security measures at the ATM made this plan obsolete. So when robbing someone at the ATM didn’t work out, the criminally minded people had to look for ways to beat the technical security level of banks and their cards. Almost all the security measures like customer identification and personal identification number (PIN) have failed a lot of times in securing bank accounts and money of debit card users.

Common Debit Card Frauds You Must Know Of
Common Debit Card Frauds You Must Know Of

Debit card frauds are an issue that has affected a lot of people who had no idea how the little info on there account and card can be used to take away their money. Criminals have come to find alternatives around all kinds of verifications that are required to make a transaction through your card. You must know about the types of frauds conducted by criminals if you use your debit card often.

Card Skimming

ATM transaction about being careful of suspicious devices on the ATM machine. These are the devices that are conductors of the most common kind of debit card fraud that is card skimming. Card skimming has been an issue for both the bank and its consumers. The fraudsters set up a skimming device that looks exactly like the slot on the ATM machine where you insert your card. The skimming device has recording components that record the details of your credit card. If you think that the fraudster might not be able to know your PIN, you’re wrong because they record your PIN as well as the details inside the magnetic strip on your card.

The fraudster now has your details and can make transactions or withdraw money without your knowledge. If your check-in account and savings account are the same, you might get robbed of all your savings in just one transaction made by the fraudster. All you’ll get is a message from your bank about the amount being debit from your account. The fraudster will have moved the money through several fake accounts which would make it hard to track them or the money. So every time you visit the ATM, try to pull out the card slot. If the slot comes out, it is a skimming device, and you must immediately inform the ATM authority. Even if the slot doesn’t come out, you should always keep a hand over the PIN entry keypad to prevent the recording of your PIN.

Counterfeit Card Fraud

Counterfeit cards are a significant fraud that can rob you of all your savings on your debit card, and if you have a credit card, you’ll end up having a load of debt on your account that you didn’t even use. Then counterfeit cards can be made by stealing your card details through skimming or over the shoulder surfing. The fraudster pretends to be in a hurry inside the ATM counter and tries to peek over your shoulder to see your PIN and other card details. The details are then fed into a fake magnetic stripe swipe card.

The fraudster is then able to make transactions on your account without being in possession of your card. The card can using at merchants for purchases on the swipe machine. Even if the card is a fake and the magnetic stripe doesn’t work, the fraudster convinces the merchant about a problem with the card and enters the details manually to purchase goods. A counterfeit card is a cunning fraud in which you might not know about the card details being used until it’s too late.

Pseudo Phone Banking

Your bank account always requires your number to be connected with it, so that the bank may send you messages about your transactions or withdrawals from your account. This link between the bank and phone can be easily used by fraudsters to lead you into deceit. You might get phone calls from your bank asking you to share your account details in the name of updation or a regular cross-check. In fact, you must be wary of such phone calls as most of them are just fake pseudo profiles that the fraudsters use to get to your card details. You may get calls asking for essential information from your account posing as a banker.

They will ask you for your date of birth, your customer ID, your card details like expiry date and CVV number. Never ever tell the caller anything correct about your account or card details. Banks at most will ask you for the last four digits of your card number if any issue with your card occurs and you have filed a complaint or have lost your card.

Debit Card Swapping

Debit Card Swapping is the cause of incomplete knowledge of debit card use. Most of the time it’s the older adults or kids that get into this trouble. A con man can swap your card at the ATM. People entering the ATM while you’re inside the booth is an offence by law, and customers must not allow it. Strangers can either replace your card with theirs by an excuse of helping or if you ask. They can even pickpocket your card, and it would be easy once they now the PIN by looking over your shoulder. Never allow strangers inside while your transaction is in progress and if you need help, ask for assistance from the ATM staff.

Online shopping and sharing details over a network to a trustee can lead to being robbed of your money or being put under debts. When you shop online using your card make sure you’re not using public networks even on your home network that has a distributed server, use protection software to avoid being tracked by a third person hiding on the network stealing data. Try not to share personal details on sites. And if possible, try going back to shopping on cash.


Top legal money lender – Quick Credit

Any event, you require quick cash for urgent spend just get help from Quick Credit licensed lender. Our loan 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. Besides that, Quick Credit is a responsible money lender open on Sunday!  Grab your low-interest loan today!

Intrigue to know more about our loan?  Send email to  enquiry@quickcredit.com.sg. Our officer will get back to you as soon as possible. Another 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. Drop by our office to get free consultation 2 Jurong East Street 21 #04-01A IMM Building Singapore 609601 Check out our customer reviews at google review.

Continue Reading...

Keep in Mind While Making A Will

Posted by admin
on August 4, 2020

In today’s world, many Singaporeans are getting affluent, making it necessary for everyone to draft a will. A will ensures that the assets an individual possesses are smoothly handled down to their beneficiaries. Many people are assuming that you need a lawyer to make a will. But the fact is, under the Singaporean Law, you do not necessarily need to hire anyone to draft your will in Singapore. Hence, if you do everything right, you can write a perfectly valid will yourself and hold up the document in a Singapore court when your executor applies for a grant of probate. So, here are some of the things that you need to understand while creating your will so that you can pass down the assets to your loved ones.

8 Things to Keep in Mind While Making Your Will
8 Things to Keep in Mind While Making Your Will

1.   Cost of the Will

No sum is too small to make a will. A will can be written in SGD 200 – SGD 300. But, when you hire a will writer or will lawyer to draft one for you, there are costs involved which can usually be range in the hundreds of Singaporean dollars. The cost to making a will can differ based on who your hiring, what type of will you are making, and the complexity of the document. There are different types of wills in Singapore:

Joint wills – The will is made by two people (e.g. married couple).

Mutual wills – These wills are separate and individually made with similar content. But the will might only be revoked by agreement between two testators (people writing each will).

Mirror wills – These wills are similar to mutual wills, but each person can revoke their respective wills without the consent of the other.

The amount spent to make a will is small compared to the ransom families spend over a disputed inheritance.

2.   Consider the Legal Requirements

In the absence of a valid will, the state will decide how your assets will be distributed, and they will follow the Intestate Succession Act (ISA). While not having a will might not be an ideal situation, having an invalid will can bring you an adverse outcome. You need to make sure that you meet the legal requirements first. Here’s everything you need to know:

  • Prepare full name and identification number of the following

-Spouse and children

-Guardian(s), for minor children

-Beneficiaries

-Executor(s)

  • Complete the process in one sitting
  • You need to be at least 21 years old and of sound mind
  • You need to have two witnesses (other than your beneficiaries) and they should sign the will in your presence.
  • Muslims in Singapore do not follow the Intestate Succession Act.

If you do not adhere to the requirements mentioned above, your will could be considered invalid.

3.   Choose People You Know

You have to be responsible enough to choose the right people as your executors, guardians of your children, or trustees. These people need to agree with you to address the estate matters quickly, effectively communicate with your beneficiaries, and make hard decisions for you when necessary. If you do not have any responsible friends and family members, you can always hire an attorney, accountant, bank or trust company as your executor.

4.   Mention All Your Assets

A schedule of assets is an important document which should be appended with your will. It states a list of assets that you possess like properties, bank accounts, investments, and overseas assets that are under your name. The reason for making a schedule of assets is to let your executor locate your assets and distribute them as per your will. If you do not pin down where your assets are, it can be a challenge for your executor to identify and distribute those assets when the time comes.

5.   Decide the Number of People You Want to be Provided

You can easily add the list of people you want to be provided for in your will. It can include your immediate family, your extended family, close friends, charitable organizations, and many more. Also, decide how you want the assets to be distributed accordingly among them. Mention everything clearly in the will.

6.   Notify the Beneficiaries

Your beneficiaries cannot be one of the two witnesses to get you to sign off your will. In fact, there is no requirement for your beneficiaries to be involved in the will, know the details, or even notify them of the will. But, if you feel that your beneficiaries need to know the details of the will, then you can notify them.

7.   Choose the Witnesses Signing Your Will

You can get anyone (preferably close or trusted friends) to be a witness to your will. It is recommended to get people who can outlive you so that they can testify the validity of the will.

8.   What’s Not Covered Under the Will

In Singapore, there are certain things that you do not include in your will, such as:

  • CPF accounts – The balance in CPF accounts cannot be included in your will. CPF accounts include CPF savings, unused CPFC LIFE premiums, and discounted SingTel shares that you might own.
  • Property under joint tenancy – If you own property under joint tenancy, the right of survivorship will apply in your will. For instance, if you have ownership of a flat under joint tenancy, your apartment will automatically get passed on to your remaining owner or co-owners.
  • Joint savings accounts – Joints saving accounts are similar to joint tenancy. The right of ownership for assets which are jointly owned gets passed down automatically to the co-owner.
  • Insurance – The insurance monies will also go to your nominated beneficiary.

Knowing what is covered and not in your will, will help you allocate the assets to your beneficiaries.

Writing a will is a simple task, but you need to be sound and conscious about how complex you want your document to be. Ensure your intentions and distribute your estate to your loved ones wisely.


Singapore Trusted Licensed Moneylender – 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 moneylender 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 with 6899 6188. Come to our office to get free consultation 2 Jurong East Street 21 #04-01A IMM Building Singapore 609601. You can read our customer review from google reviews.

Continue Reading...

How to Avoid Common Health Insurance Mistakes

Posted by admin
on July 28, 2020

How to Avoid Common Health Insurance Mistakes

The knowing of what might happen in the future is the privilege of sorcerers or wizards living in hills. In reality, none of us is divine sighted to see the developments in our future and avoid problems. No one has a clue about the next big thing that might change their lives for the good or the bad. Since the loss of someone or something dear is what we dread the most, for assurance of the safety of our future and those of whom we adore. We like to insure things so that if any damages come to it, you have the finances to compensate for it. The most common insurance that any person could buy is health insurance.

How to Avoid Common Health Insurance Mistakes
How to Avoid Common Health Insurance Mistakes

Health insurances hold a simple reason in a person’s life, and it is to secure a fund for those medical or accidental emergencies or to leave something back for the family in case of a deplorable situation. Insurance plans are based on rules of interest and interests are added upon the number of premiums you pay every month to the insurance company. While buying an insurance policy, you must be very careful about the policy rules and the terms of your insurance being void for any reason. So these are the mistakes you want to avoid when buying insurance.

Buying From the First Agent You Meet

When purchasing insurance, we are all into the habit of making it happen before more time is lost. This gives the insurance agents a chance to corner you. Insurance agents can be obnoxious when it comes to selling their insurance plans. They will tell you about the features of a plan and produce a piece of paper for you to sign so you can confirm registration. There is, however, a period where the insurance can still be cancelled, and you can back out of a probable lousy deal. Always take your time before you meet an agent and compare the insurance policies with different companies before you buy.

You must never give in to the insistence of the agent to sign on any paper if you feel cornered. Tell them that you will not be signing any papers until you have made your mind. Buying a policy affects your finances for a longer-term. Some policies stay for 10-15 years, and some can last you for your lifetime. So think carefully where you buy from.

Accepting High Deductions on Your Premiums

Most customers who buy insurance policies think of only the prices they are paying for registration and buying the policy. But that’s not how financial institutions work. The insurance company won’t be charging you just once for covering up for you for long periods of time. The actual price of an insurance policy is the number of deductions that are made by the insurance companies over your premiums. When a dividend is paid to the insurer the deductions are made for the following factors that the insurance company accounts for; price for marketing the policy, administrative work over the policy, and the insurance company’s income for covering up for you.

You should calculate the total amount of premium you will be paying of the tenure of the policy and note the number of deductions that the insurer will deduct. Take a 15-year term and suppose that your premiums accumulate up to SGD 150,000. The effect of deduction can be SGD 50,000, which will be 33%. So you’ll be spending a big amount of your savings and insurance returns back to the insurer in the name of policy price. Compare the insurance policies and look for policies that deduct a maximum of 20% on policy prices.

Buying Without Considering Travel Frequency

A lot of job profiles require employees to travel abroad or stay out of country borders for a few days. The probability of damage to life will also be the same in other countries, so the risks on your travel ventures must be covered by the insurance company. You must never forget to mention the frequency of foreign travels and staying out for work. Especially if you fly off for work in the USA, you must have your insurance cover as that is one country with the highest healthcare prices. Ask for travel cover from your insurance company and do not buy if the company doesn’t comply. Mentioning this clause in your policy will take you off the hassle of buying insurance every time you travel abroad.

Avoiding Full Disclosure of Medical Conditions and Health

Buying health insurance means you’re insuring your health from some unseen danger that you sense. Many times we keep such fears undisclosed from the insurers to get away with higher premiums. The insurance company asks all of its customers about their medical history, smoking or alcohol status and any infections or allergies like asthma or any heart conditions. Although we try to hide this from the insurers, it is advised not to do so for a few reasons. One of the biggest reasons to not do this is that you might end up getting caught.

During the insurance term, the insurer might want to get you checked at a clinic of their choosing, and you might have no answers once your conditions are declared by the doctor. This will not only be the embarrassment on your face but may also end up voiding your policy. Another incident might be that you go to the hospital requiring urgent surgery and your doctor comes to know of any previous operations you’ve had. The insurer voids your policy, and now you have to pay all the bills by yourself stranded without support.

When you know that you have to buy health insurance for yourself, you must not wait for time to pass because you’re in your prime, and health issues are not troubling you. The body deteriorates when you grow older, so buy insurance when you’re in your early twenties rather than waiting till you turn 30 and have accumulated a lot of health issues and bad habits.


Great legal money lender – Quick Credit Pte Ltd

Any event, you require quick cash for urgent spend just seek help from Quick Credit licensed lender. Our loan 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. Besides that, Quick Credit is a responsible money lender open on Sunday!  Grab your low-interest loan today!

Intrigue to know more about our loan?  Send email to  enquiry@quickcredit.com.sg. Our officer will get back to you as soon as possible. Another 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. Drop by our office to get free consultation 2 Jurong East Street 21 #04-01A IMM Building Singapore 609601 Check out our customer reviews at google review.

Continue Reading...

8-point checklist for female investors

Posted by admin
on June 11, 2020

With the rise of female empowerment, women in society today are keen on taking charge of their own finances and planning for their own future. If you are planning to take your finances and investment strategies in your hand independently, these tips can assist you to go in the right direction.

8-point checklist for female investors

1.   Educate Yourself

The foremost thing you need to do as soon as you step into the world of investment (or even before stepping in) is to become well versed with different types of investment options available. If you are working with a financial advisor, ask him or her to help you out here. Understanding different options available to you and knowing benefits and limitations or each one will assist you in comparing and selecting the right ones. The most common investment options available in Singapore include stocks or shares, bonds, mutual funds, exchange-traded funds (ETFs), treasury bills, real estate investment trusts (REITs), retirement plans, bank fixed deposits (FDs) and recurring deposits (RDs), and a lot more.

2.   Decide Your Goals

Just as in other aspects of your life, setting financial goals is a tried-and-true way to reach those goals. Decide what you need to do to make your future financially secure and enjoyable. Decide what you want to achieve with your money and when you might need it. Identify your most important short-, medium- and long-term financial goals. Estimate how much each of your goals will likely cost. Set up separate savings or investment accounts for each of your major goals. Then, identify the kinds of savings and investing strategies that may be appropriate for meeting your goals.

3.   Establish Your Risk Appetite

Before selecting and investing in various investment options available, you need to do one more thing. Figure out how much risk you’re comfortable with. In other words, think about your risk appetite. Risk appetite is the amount of risk an individual is willing to tolerate while investing. People with a high-risk appetite are prepared to take on more risks, provided the return is substantial. Individuals with a low-risk appetite will try to avoid high probability and high impact risks. Understanding your risk appetite will help you stay calm when your investments aren’t performing as hoped so.

4.   Diversify Your Portfolio

You never know what can go wrong with a particular investment type. For instance, the values of shares can fluctuate all the time. There’s no guarantee that the values will only rise throughout the period you have invested in them. The basic objective of diversification is to reduce this risk of facing losses. The best way to lower the risk is by diversifying your investments. Based on your needs and how much you are willing to pay, invest in different investment types such as mutual funds, stocks, FDs, and others.

5.   Stay Up To Date

Do not invest blindly. This has become especially salient in Singapore where advice and information regarding investing can easily be found online, be it through the news, finance websites and blogs. It is crucial to understand what is happening around you every day to make sure that you make informed decisions. One of the easiest ways to stay up to date is to read the news daily. News found online sometimes provide you with good summaries with opinions and analysis rather than just facts.

6.   Think About the Long Run

Don’t invest just for the sake of it or to save on your taxes. Think of an investment as a long-term profit structure. Rather than focusing on the most optimal time to enter a position in the market, focus on starting young and starting early. You should prepare for that time when you will no longer be working and collecting a regular paycheck. Even for professionals in the industry, it is far too difficult to predict the perfect entrance to the market that would earn you the most gains. By starting your investing journey at a younger age, you have a longer horizon, which means a long period for your money to grow.

7.   Save Regularly

Many young women might be wary of starting their investing journey due to the lack of knowledge or lack of funds. However, saving a portion of your income each month is something anyone and everyone can start doing. Make it a habit to save and to manage your money wisely. Small savings each day or month compounds to a large sum with time. These savings can also go towards a small investment each month through a Regular Savings Plan (RSP) that can be made with any of the few major banks for as little as S$100 a month. This is one way in which you can start investing even with a small amount of savings and become an independent woman.

8.   Don’t Forget Emergency Funds

Just like our mothers saved some money from their daily expenses and hid them in unusual places, you too should save money and be prepared for emergencies. You never know when you may need some extra cash for an unplanned expense. So on the one hand where you make several investments, on the other hand, you must also keep some hard cash in hand to pay off for emergency expenses. You should safeguard your finances by setting up an emergency fund to deal with potential problems that could drain your finances.

The journey may seem tough and confusing in the start. You may even make some mistakes. But eventually, you’ll master the art of investment, and become a pro at managing your finances independently.


Singapore Trusted Licensed Moneylender – 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 with 6899 6188. Come to our office to get free consultation 2 Jurong East Street 21 #04-01A IMM Building Singapore 609601.

Continue Reading...

8 Mistakes New Bitcoin Investors Make

Posted by admin
on May 5, 2020

So now that you are a new bitcoin investor, you must be having a lot of doubts as you are new to the cryptocurrency world. Many bitcoin investors and traders had made countless mistakes at the initial stage when cryptocurrency started a decade ago. Since you are a new investor, you surely do not want to make these costly slip-ups yourself. Therefore, we have listed down some of the slip-ups that you should avoid.

1.   Not Taking Your Privacy Seriously

When you create a cryptocurrency wallet, make a note of the public and private keys. Do not store your passwords or private keys in the computer as your electronic device can be hacked or breakdown. As there is no option for ‘Forgot Password’ in the cryptocurrency wallets, if you lose the private keys your entire investment and crypto portfolio will be lost as well.

2.   Investing More Than You Can

While investing in Bitcoins or even in share market, you need to remember that you gain huge profits if you invest wisely. A wrong investment, and you can lose it all in a blink of an eye. A responsible investor will analyze and plan their weekly, monthly or yearly budget. Being aware of your income and expenses, you can determine a solid budget to use the leftover money for other investment such as Bitcoin. Start with small investments with less risk and less loss. It’s better to lose a little than losing it all and having nothing to try again.

3.   Poor Research

No matter where you invest, you need to research before investing in any type of investment. As a beginner, you can just surf the internet and find a vast amount of information related to Bitcoins. First learn about the developers, their project goals, and the roadmap. You can find some details in white papers, projects, websites, and blogs related to Bitcoin investment. Research a bit about some famous personalities who have invested in Bitcoin and their articles for the same. Doing your own research can make you familiar with how it works and what you are about to invest in.

4.   Making Your Trades Based on Emotions

Many people are emotionally attached to their investments. Therefore, any certain changes in the crypto market can drive strong emotions. Fear-driven decisions can lead to making hasty decisions. Don’t be scared of the fluctuations and try to keep your feelings out of it. Many investors have made poor decisions due to the volatility in the cryptocurrency market and sold their Bitcoins when they notice a decrease in the value. A few weeks down the road, the prices rose again, leaving their investors devastated. If you see a dropping token, take some time to think calmly and track the market trends for a while and ask yourself if you are making a sound and reasonable decision. Successful traders remove emotions from their trading. They are very well aware of the consequences caused by fear and greed.

5.   Mining New Coins

As a new investor, you might have come across the word ‘Bitcoin mining.’ Mining every coin from your computer is time-consuming and costly process. Setting up mining for Bitcoin put a lot of load on your electronic devices. The more the device performs the process, the sooner it will develop faulty components and overheating issues. If you are serious about pursuing this option, conduct a further and intensive research on it to be prepared to shell out some serious cash for hardware and energy costs.

6.   Not Considering the Risk

The concept of risk management should be understood carefully when it comes to investing. If you don’t have any risk management strategy, you can face an extremely high risk and very low probability of success. You need to make sure when to get out with minimal damage and maximum profit. Start using a stop-loss rather than avoiding it. Stop-loss is a friendly tool to help you limit your losses according to your risk strategy.

7.   Avoiding the Taxes

You may have come across in many ways that the government of every country tried to exploit the cryptos. In which, even taxes (such as Goods and Services Tax in Singapore) are one of the strategies used to make profits out of this technology. Keep track of taxes that you are paying while earning profits through Bitcoins.

8.   Considering Others and Following Them

Listening to what others have to say or agreeing to what they order you to do can be risky. If they are knowledgeable and experienced in terms of Bitcoin trading, you can go ahead and take their advice. However, relying entirely on them is not a wise decision. Try to do your own research as your first mistake can cost you more than it will to them.

Avoid making the mistakes as mentioned earlier and be mindful of the in the future. There is no doubt that there are a lot of traps for you to fall and make a mistake, but even if you do be careful, calm, and take the wise decision.


Great legal money lender – Quick Credit Pte Ltd

Any event, you require quick cash for urgent spend just seek help from Quick Credit licensed lender. Our loan officer will comprehend your overall situation after that, create the premium personal loan to fits you. All of our staff is full of money lending knowledge ready to give you the best advice. Besides that, Quick Credit is a responsible money lender open on Sunday!  Grab your low-interest loan today!

Intrigue to know more about our loan?  Send email to  enquiry@quickcredit.com.sg. Our officer will get back to you as soon as possible. Another 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. Drop by our office to get free consultation 2 Jurong East Street 21 #04-01A IMM Building Singapore 609601

Continue Reading...

How to market your newly established start-up

Posted by admin
on April 15, 2020

Firstly, congratulations on starting your new business. It’s now time to roll up your sleeves and fasten your seat belts to get started for the journey of marketing and letting the world know that you are here with your products or services. Listed below are a few hacks to market your business on a shoestring budget.

How to market your newly established start-up

Create a Start-up Plan

The first thing to start with, identify your target market. Decide who this product or service is meant for. Identify your target demographics before you move on to anything. You must have done this before starting your business. But it’s even more crucial to re-think about your potential customers to connect with them in the best way. Once you know who you want to target, start thinking of ways that they are most exposed to. For instance, if your target market is millennials, social media and the internet are two ideal places to market yourself and capture their attention.

Stay Updated and Be Ready

Once you start your new business, you need to be ready for the first customer. You also need to be ready to pitch to potential clients. For all this, you’ll require certain marketing materials at hand. Some of these things include your brand’s logo, business website, business cards, brochures, digital brochures, and Google listing. Once you have all these, you can easily approach your potential clients and other business connections to expand your business.

Start Locally

Well, this can be a little difficult financially. But it’s worth every dollar you spend. Think locally first, and find out what’s going on around you. Find the list of events that are going to take place in your neighborhood or area. Pick 1-2 events and sponsor them. You can either sponsor them monetarily or offer some kind products. In return, ask the organizers to promote your brand on their marketing material such as banners and social media announcements. Print bookmarks or brochures and leave them at the pre-event or event the event. For instance, if you are sponsoring a marathon, leave your brochures at the expo before the run. By doing all this, you will try your bit to be known by people living around you. This can be a great strategy for starters.

Consider Social Media

In today’s date, overlooking the power of social media can be a grave mistake. Millions of businesses make the most of social media platforms such as Facebook, LinkedIn, Twitter, Instagram, Snapchat, Pinterest, MySpace, etc. There are some businesses who don’t have a website and just a strong social media process, and this works great for them. Don’t miss out on social media platforms as a large chunk of your target market may be using various social platforms. Depending on your business and your target demographics, choose the right social media platform. For instance, you are a B2B business, start with LinkedIn to make business connections, share your business news and updates, and even sell yourself. Keep in mind to begin with only one platform. Managing too many social media accounts, pages, and handles can be consuming and overwhelming at the start. Once you are successful with one platform, move on to the second one, and eventually build a comprehensive social media strategy.

Write Blogs

When you have a business website, don’t let it stay on the internet only as a reference-tool. Make the most of your website by including a blog page on it. Start writing and sharing blogs regularly. Opt for topics that are relevant to your products, services, and business industry, and get started. Write blogs as if you are the source of extensive information and share as much knowledge as you can. Regular blog writing will help you showcase as an authority in your business sector. Not only this but well-written and search engine optimized blogs will also rank higher on search engines like Google and Bing. Once your blogs appear on the first, or second search engine result pages (SERPs), those blog posts and your website will have more traffic and exposure. This will eventually help you get more customers when they are in need of a similar product or service that you have to offer.

Join Communities

Want to make more business connections? Find out various local communities. For instance, if you are a real estate agent, look for various real estate-related groups and communities around you. Be a part of those communities. Most of these have various events that you may benefit from. Be a part of various educational and social events where you can gain information and even make connections with like-minded people. This way, you will be in direct contact with veterans of your business industry and gain insights of making your business successful in different ways. Moreover, you may even get a chance to get featured on their online channels where your logo and business name will be displayed. This way, you will be exposed to a new set of potential customers.

There are a plethora of things that you can do at this stage to market your business. From traditional methods of advertising on various platforms to simple word-of-mouth marketing, everything can work well for you. If you have friends who are business owners, talk to them and more of such insights. Or simply stay tuned for our next post of marketing your business.


Great legal money lender – Quick Credit Pte Ltd

Any situation, you require quick cash for unforeseen spend just seek help from Quick Credit licensed lender. Our loan officer will comprehend your overall situation after that, create the premium personal loan to fits you. All of our staff is full of money lending knowledge ready to give you the best advice. Besides that, Quick Credit is a responsible money lender open on Sunday!  Grab your low-interest loan today!

Intrigue to know more about our loan?  Send email to  enquiry@quickcredit.com.sg. Our officer will get back to you as soon as possible. Another 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. Drop by our office to get free consultation 2 Jurong East Street 21 #04-01A IMM Building Singapore 609601

Continue Reading...

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.

Continue Reading...

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...