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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