If you’re looking for the top ten personal loan money lenders in Singapore, you will definitely want to read this article. Specifically, we’ll discuss the top three (outer perimeter) Singaporean personal loan money lenders; the two-stage process; the one-time processing; and the comparison between the SIA and NIE loans. After reading this article, you should have a better understanding of how and where to obtain personal loans in Singapore. You also get a good idea of the process involved in applying for such loans. Finally, you should have a better idea of what to expect from your prospective Singaporean personal loan lender.
Top Ten Personal Loan Money Lenders in Singapore – Finding the Right One For You!
The three most popular personal loan money lenders in Singapore are the following: ICICI bank, State Bank of India, and the National Treasury Loans Corporation (NTTC). Amongst these three, the ICICI bank is by far the most popular, as well as the most located in the country. Its branch locations in other countries in Asia and Europe are relatively few. State Bank of India is a relatively new player in the personal loan market in Singapore, having only recently opened its Singapore branch.
Singapore’s top three banks offer various personal loans, including the commonly referred to Singaporean “One Touch Pass” or TOP pass. These sorts of loans are for individuals who are immigrating to the country and require a short term loan with an interest rate that is lower than the prevailing banking rates in their home country. On the other hand, the Singaporean “One Touch Ten” or TATAP loans are for those looking to take out longer-term loans, typically for at least a decade, and with considerably higher interest rates than the NIE loans. Last but not least, the National Treasury Loans Corporation (NTTC) is a government guaranteed lender, which offers relatively high interest loans to government or central government employees, or to small businesses.