Singapore has been one of the tops of Asian countries that receive thousands of professionals across the globe.
It’s no wonder because the salaries are relatively lucrative and the economy has been booming.
In 2015, Singapore ranked as the second-most prosperous economy in the world according to the Global Competitiveness Report. A year after, the economy grew approximately up to 1.8%.
As one of the first-world countries, Singapore has some of the highest wages in Asia.
For software engineers, they can earn around S$3,500. A doctor can acquire more than S$6,000. For other skilled jobs, the rate can also be lucrative. Plus, the country’s median wage is expected to grow in 2020 and beyond.
As soon as you work in Singapore, you can enjoy life to the fullest. From helping your family to traveling around the Lion City’s beautiful destinations, there are different opportunities you can experience.
But not every day is a good one. Sometimes, finances can be extremely tough due to the high cost of living.
When you run into cash issues, it can affect your journey in the country. While there are expenses to settle, it’s even more difficult when your paycheck is delayed for a month.
Of course, some might borrow money from their family. Others would take up Singapore loans.
Which is the better option for you? Well, applying for a short-term financing is a viable option to weigh in mind.
hich is the better option for you? Well, applying for a short-term financing is a viable option to weigh in mind.
Why Rely on a Singapore Loan?
Singapore is a country to fulfill a good career. From a high salary to additional benefits, it attracts expats from different parts of the globe.
But as a first-world country, the cost of living is unexplainably high. Whether you have a blue-collar or white-collar job, you might need extra finances. Worry no more! There are financing solutions suitable to your needs.
At first, you might be hesitant to send your requirements to a lender. But be practical. Aside from covering unexpected costs, here are the other advantages you can enjoy:
- Settle utility bills, hospitalization expenses, and other expenditures
Have you sent money to your family recently? Did you forget to pay off your utility expenses?
Did you get sick because of the stress from work? What are you going to do? A Singapore loan plays a crucial role. Not only can it give you immediate cash, but you can also settle any costs right away.
- Avoid the Stress
Working in Singapore can be stressful. Without enough funding, it’s even harder.
While working beyond the minimum hours can help, overtime payment cannot suffice.
Taking a financing solution – personal or foreigner loan, is the best option. With a certified lender, you can enjoy alow-interest rate and flexible repayment.
What are the Requirements?
Conventional financing sources have a long list of requirements. Private money lending companies, on the other hand, is different.
You only need to be 18 years old at least, with a valid passport, proof of residency, valid identification card, payslip for three months, proof of employment, and tenancy agreement. That’s all!
So, what are you waiting for? Find and work with qualified moneylenders!