QV Credit - Licensed Money Lender in Singapore

Purchasing a home can be stressful, particularly if you’re a first-time buyer. But there’s no need to get worried when you have our advice. These pointers will assist you in navigating the procedure, saving money, and avoiding typical blunders. Let’s get right to the point and not waste any time. Here’s a good read for couples in Singapore who wants to save money. Analyze Your Options There are a variety of mortgage options available, each with its own set of benefits and drawbacks. A bigger down payment (DP) means a lower monthly mortgage payment. If you decide to go for the lowest monthly payment possible, go for a 30-year fixed mortgage. In contrast, if you can afford higher monthly payments, a 20-year or 15-year fixed loan may provide a lower interest rate. Using a loan calculator, determine if a 15-year or 30-year fixed mortgage is a better fit for you. An adjustable-rate mortgage, on the other hand, is riskier but guarantees a low interest rate for the first few years of yo...

A loan shark, also known as “ah longs” in Singapore or unlicensed moneylenders, is a person or entity that lends money quickly and easily at exorbitant interest rates. These interest rates are usually much higher than any established legal rates. They are notorious for using harassment tactics and threats of violence to force repayment at any time. Loan sharks can be located in your neighbourhood, online, or even through your personal network. In Singapore alone, there are thousands of them. These “oh longs” are frequently members of organized crime syndicates, and their finances are usually untraceable. Dealing with a loan shark is so prohibited in Singapore. To help you and your loved ones from becoming victims of these “ah longs,” we’ve put up a list of 7 things you should know about loan sharks in Singapore. 1.Loans are offered through SMS, emails, and flyers. To harass borrowers and seek new borrowers, loan sharks in Singapore are increasingly using non-confrontational strate...