What you should know when you apply for instant personal loans with Fintech lenders

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Benjamin Franklin once wrote, “in this world nothing can be said to be certain, except death and taxes”. The credit cycle can be added to that list in the present world scenario. The inflation and the unstable economic conditions have made credit a necessity in making businesses and ultimately the world go around. In the eyes if the customer, a particular credit product has taken center-stage – the instant personal loan.

What are instant personal loans?

An Instant personal loan is a type of unsecured loan that can be availed to meet fiscal deficits. Salaried and self-employed individuals can avail this loan which has flexible a repayment tenure and an economical rate of interest. Banks and Non-banking Financial Institutions usually give out these types of loans, however, in recent times Fintechs too have registered a strong presence.

Who are Fintech lenders?

Fintech lenders are financial institutions that make use … Read the rest

How do you choose a car title loan company?

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It’s obvious that car title loans have numerous benefits. However, for you to enjoy the full benefits, you need to get a perfect fit among the many loan companies there are in the country today. Here are some of the factors that you need to consider before you settle on that lender.

Years of experience

The many years the lender has been in business will tell you how experienced they are. There are market dynamics in every industry and therefore, a company that has been lending for a good number of years has learned these and is in a better position to serve you better. They probably have diversified their profit making avenues and thus could be cheaper. Again, you don’t want to get a loan facility in a company and after you’ve submitted your title, they disappear. Look for a company that has been in business for years and … Read the rest

Critical questions you need to ask before you apply for a payday loan

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It could be that season when you’ve run out of cash and an emergency happens. There is a temptation that you may not want to do some thorough shopping for the payday loan lender with flexible terms and one whose cost is not exploitative.  Don’t fall into this temptation; you may end up paying the bitter price.

Here are some questions you need to ask before you take out a payday loan.

Is the lender licensed?

Before you begin any kind of business in Singapore, the local authorities must license you. This is a sure proof that the lender terms and conditions have been verified and that they follow the laid down rules and regulations of the industry. Companies that are not licensed locally may charge exorbitantly and even violate other state regulations and this could turn costly to you. Mark you; if you get a loan from a non-licensed … Read the rest