The Reliable Money Lending Companies Of Singapore

It is most essential that you know about the lending companies before contracting with any of them. You should keep your options clear. Being a known borrower you can avoid a lot of probable harassment. You not only should know about trustworthy money lending companies but also about the rate of interest applicable or the cape on it. This is vital so that people cannot fool you to contract high interest agreements unnecessarily and make you suffer later.

First option

Coming to money lending companies, the JR Credit is low interest licensed moneylender in Singapore. This is an authorized money lending organization. They provide financial help at quick pace to meet up urgent situations as well.  They provide payday loans, foreign loans, business loans etc. All their transactions are done with transparency and they keep their terms clear from well before. Their operations are directed by the Registry of Moneylenders Singapore. They keep decency in work and treat their customers with respect. It is their working to follow all laws and makes sure that every client is satisfied. Once you take their help you will be surely coming to only this company for future needs.

Second option

The IP Credit is the other reliable option in this business. This is ethical licensed moneylender in SingaporeThis company not only is committed to run a house with credulity but also is trustworthy and provides customer favorable terms. They have variety of packages and make every transaction in quickest time possible. They do not make unnecessary delays and cause inconvenience. Their website is well organized to permit easy search of details. If you still face any problem or have any query then their customer care providers shall deal with your issues patiently. You are assured to get friendly assistance and warm welcome.

The rate of interest

Previously, for loans that were contracted between 1st June 2012 and 30th September 2015, interest rate depended upon the annual income of the borrower for any type of loans. If the borrower’s income was less than $30000 the rate was capped at 13% for secured loans and 20% on unsecured loans. In case the borrower’s income is $30000 or more then the interest is decided accordingly. After 1st October 2015 all loan interest were capped at 4% without any exception. You can read more about moneylender interest online.

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