A foreigner loan can save you a lot of trouble when you find yourself in a financial crisis especially when you are working aboard. However, the mere fact that there are hundreds of lenders out there can be brain racking. When that need for a financial solution arises, use the following guidelines to choose the best personal loan lender for foreigners in Singapore.
Tips to choosing the best expat loan lender:
No documents to be scanned
The best lenders for this type of a loan are those who do not require that you scan and upload documents to send to them before they can approve your loan. In case you cannot find sufficient information about the requirement a lender needs from you from the website, take the phone and call. This serves two purposes; it helps you get the information you need while also eliminating any doubts about the company being fraudulent.
No credit check
It is common knowledge that most people run to these quick cash advance solutions because they have a bad credit background. As a result, you should ensure that the lender you go for does not bother digging in to your financial history or credit background.
The leading personal loan for foreigners moneylender in Singapore will approve your loan immediately, meaning that you will have the cash applied for within 24 hours. After all, you need this cash for an emergency. Together with quick approval, also ensure that the lender does not charge high interests on the loan. Go for a lender who charges low fees, yet approves the loan fast.
Secure online application
Your choice foreigner loan lender should offer a secure way of applying for the loan online. All the communication and transactions done between you and the lender online should be secure. The reason behind this is that your personal information will be exchanged during this process. If such information is intercepted along the way, you may find yourself in an identity theft situation or other situations where you may be prone to abuse by third parties.
So, always check your preferred moneylender’s website has added internet security through security companies like GeoTrust, MacAfee and others.
Employing these simple tips will ensure that you do not fall in to the wrong hands when looking for a fast financial solution to your situation. Remember, expat loans are only meant to solve short-term cash crisis and should not be used as a long-term financial solution.