One of the renowned banks in Singapore, RHB has been serving clients for years and many of the banking customers prefer going to them for this purpose. In Singapore, it is not easy to obtain personal loan and on the favorable interest rates. The RHB has come up with the consumer friendly term’./]]]]]]]]]]]]]]]]]=s that has made borrowing possible.
The personal loan by RHB offers a number of loan options in this regard, such as small business loan, house loan, refurbishment loan, furniture loan, education loan, etc. the distinctive feature about having loan with RHB is that you get a 3.888% rate in the first three months and then the rate increases according to the regulations after that. It encourages you to pay off your debt as soon as possible.
Some of the type of personal loans that you can apply for, are:
Nothing is possible in life without an education and that is possible when you have a degree from a good institution. The interest charged to the students is very nominal that it becomes easy for them to repay the amount. The repayment plans are also very friendly that enables you to pay either after completing your graduation or on a monthly basis by getting the installments. This allows you to make career choices more openly. The repayment duration could be as long as ten years.
Having one’s own home in Singapore is so ideal and it is not impossible anymore too. With the RHB loan, things have become less complicated when you can apply for a loan amount and get it on the immediate basis. The home loan can be paid off as stretchy as 30 years or as quickly as within five years. Apart from that the loan is provided on two variable rate packages that is on a building under construction or on completing properties. The interest rates are decided as per loan is issued, after 3 months as the client will get a letter of offer. It is better if you keep all the documents in place so that the process could be initiated as soon as possible.
Home renovation loan
Buying your home is not the only dream that you have, there is a need of renovation as well. With the RHB renovation loan, you can get at least S$30,000. The loan can be repaid within 5 years with the different interest rates vary from $15,000 to $30,000 from the amount. The processing fees are one percent as per interest rate. The bank offers you an amount that is 6 times higher than your existing salary. The bank authorities also contact you if you fill in your details on the online form.
Conclusively, the loan can be gotten for any purpose while meeting all the requirements of the bank. The tip that all of the borrowers must follow is that try to meet your repayment schedule to avoid being in the bad debt category. When you make repayment on time, it makes it possible for you to reapply for the loan in the future.