There are many times that we get into a financial crisis. During this kind of time, we think of borrowing money from a bank. But, what if the purpose you think of taking the loan is too personal? In that case, you can take up a personal loan from the private moneylender in Singapore. We at Crawfort can provide you with the best kind Personal Loan there is. We provide you with all kinds of benefits.
What is a Personal Loan?
This category of loan is lent to an individual. People mostly take up this loan to meet the uncertain medical cost, wedding expenses, debt, renovate homes, and much more. This loan has its features, which makes it more approachable for the people. It requires minimum documents and is flexible. The repayment period of this loan is shorter, around 1 to 5 years. The APR of the lender depends entirely on the lender’s profile; the range can vary from 11.29% to 35%. The prepayment options vary. It may or may not be applicable. You can avail of all the other details through the Crawfort Website.
What is a Pay Day Loan?
A payday loan is a loan for short term and small amount. This is when someone is short of cash. The amount can be paid back just after the next payday. If not careful, the payday loan can end up in a large amount. Thus, thorough research is recommended. These loans are paid off in just one installment. The due date of the loan is mostly within 2 to 4 weeks of the day the loan is issued. The loan proceeds are mainly done in cash or credit. Every state has different laws for the payday loan.
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