Katong Credit is a licensed money lender in Singapore. It is a company built on trust and integrity and has a pool of clients from different walks of life. It is a nightmare to apply for a loan with a poor credit score. Either bank rejects your application or borrows money at high-interest rates. But Katong Credit has designed “Fast Cash Loan” to access cash. It is also known as “Bad Credit Fast Cash Loan.” Their custom loan products suit your needs. Their eligibility criteria are very easy even for foreigners they offer foreigner loans as well. Visit their website and get their amazing services.
Types of Loans offered by Katong Credit Pte.Ltd:
There are many certain points in our lives where we need financial support. You may need a loan to start a new business, home renovation, to pay off medical bills, or finance a new car. Katong Credit Pte.Ltd offered you a wide range of loans.
- SME Business Loans
- Foreigner / Expat Loans
- Vacation loans
- Domestic Helper Loans
- Home Renovation loans
- Wedding Loans
- Luxury Goods Loan
- Furniture Loan
Bad Credit Loans:
Getting a loan in Singapore on low credit rates/ poor credit history/ bankruptcy is almost impossible in Singapore. This has made the life of many people difficult. But Katong Credit understands that making low payments on bills and loans has lower your credit score. Many moneylenders deny you to give loans but Katong Credit gives you hope and gives you a loan on low interest with:
- Bad Credit Fast Cash Loan
- Bad Credit Payday Loans
A personal loan is one of the most flexible loans available. Because you are not restricted to the way you want to spend this borrowed money. It is also known as “go-to-loan”.
Here are some different things that you can use a personal loan for:
- Pay off credit cards: Personal loan is useful for your outstanding balance on credit card. Get a personal loan, pay off your debt and then repay this loan over time.
- Medical Cost: Technology has made new inventions in medical science which made treatments easy but also very expensive. Like fertility treatments, dental services, and cosmetic surgeries, etc. You can use a personal loan to bear such medical expenses.
- Moving Expense: Although Singapore is not a big country it costs much to move offices & houses. In some cases, you may need new furniture and other accessories. With a personal loan, you can cater to that as well.
What you should know before applying for a loan:
Before applying for a loan, you should know that bank and the given package is ideal for you. Katong Credit provides all its customers the financial help they required. They approve your loan in 24-hours. The interest rate is depending on the type of your loan; if it is collateral-free then the interest rate will be higher if not then the interest rate will be low. But it is important to know the interest rate should not be exorbitant.
Who can apply?
Permanent residents of Singapore or a foreigner with passport and employment card. If you are permanently employed, you should have a work visa. Self-employed with a clear record of cash flow to apply for a loan.
Requirements & Documents:
- Age above 21
- Proof of Income
- Handphone bills and proof of residence
- Work permit (Foreigners)
- Copy of NRIC card
Negotiation loan terms & Repayment methods:
Usually, financial managers are responsible for negotiation term loans but this whole process is not as one-sided as it appears. The bankers always don’t win. You just need to think like a banker and understand his objectives to force you to get a specific kind of loan. Once you understand his objective you can save yourself from getting the loan you might don’t need. If you are good at talking you can force the financial manager to lower down your interest rate. If you succeeded and lower your interest rate even 1% you can save a huge amount of money.
When a customer takes a loan from a bank, the bank expects that soon customers will be able to repay this loan. Interest rates are charged on the amount of the money. You can repay your loan in three different methods.
- Equal Payments: if you know exactly when the loan period is going to end and you can afford a possible rise in interest rate than equal payments is your good to go for the repayment method. The repayment only changes when the interest rate changes.
- Equal Instalments: When you want to make bigger repayment at the beginning go for this repayment method. Normally installment remains the same but according to the interest rate it varies: the increase in reference rate causes an increment in repayment; a decrease in reference rate causes a decrement in repayment.
- Fixed Equal Payment: When you know how much you are going to repay; it is a handy repayment method because increment in reference rate extends the tenure period and decrement in reference rate shorten the tenure period.
Choose the repayment method that suits you.
Katong Credit introduces new packages according to the need and feasibility of customers. This has made their services more attractive. For example, on June 24, 2019, they have introduced “HDB Home & Condo Renovation loan” with fast and easy approvals. In Singapore its everybody’s dream to have their home. After owning a home, the next step is to renovate it and maintain its beauty. For which Katong Credit offers you home renovation loan. Similarly. Katong Credit understands the importance of exercising but it also knows gyms are very expensive in Singapore. Katong Credit helps you getting Gym Membership so that you can maintain a healthy lifestyle.
The new and very interesting loan is “Hair loss Treatment Loan”. Katong understands that thinning hair, balding, and hair loss could be the worst nightmare in men’s life. As its treatment is quite expensive. Katong Credit gives loan for this too.
Customer review plays an important role in the reputation of any industry. When it comes to the bank’s loan review, it is considered an important tool for others to identify risks. If you need cash you just can’t take a loan from any bank. As banking is a customer-oriented industry and customer’s satisfaction is their key aspect. Let’s see what people have to say about Katong Credit’s services.
“Nice business to deal with, simply accessible place with quick approval. Personnel was kind and clearly explain the loan terms to me. They have also very good repayment plan.” ~Yvonne Sim
“I explained my situation to the collector that I needed some time to make a payment, the collector understands my situation and gave some additional time.” ~Mathew Ong
There are many other customers around the country who are satisfied with their services and recommend Katong Credit. But it is advised not to always depend on reviews as every person has a different experience. In the end, you are going to face the consequences of your choices so make the right choice.