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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