Do You Need Low Income Loan in Singapore?

Feb 06, 18 Do You Need Low Income Loan in Singapore?

Singapore, a land of dreams; where millions of people around the world aspire to reach for. Mostly for its quality of life, health facilities, exquisite food, excellent tourism and multi-cultural environment. This island city of Southern Malaysia has everything to offer which one can dream off. But as it is said, “With great power, comes big responsibility”. A similar word of caution can be associated with Singapore, “With better quality of life, comes associated cost”.

According to a recent survey, Singapore is the 6th most expensive city in the world where an average cost of living is $4,050 – $6,846/month (depending upon lifestyle). An average household of 4 pupils/family with a single working member can generate $8,846 salary/month. If one is earning an income lower than this threshold, it would be considered as low income family.

Education, vehicle and housing are three most important factors in each person’s life. And it can be challenging to plan all these in Singapore with low income. Despite the challenges, there are a plethora of ways to tackle these issues. One of the best methods is to go for low income loan.

When one hears about low-income loans, their mind fills with doubts, questions and fears like.

1. Is getting a low-income loan ideal for me?

2. Will a low-income loan not increase my debt?

3. Will I be able to repay back?

4. What are the risks involved?

The above list is endless and we are sure that you might have more questions to ask depending on your situation. Do not worry, consider contacting Credit hub Capital, a leading licensed moneylender in Singapore. They are specialist moneylender who caters to each client with a situation specific approach. They offer various options (Flexi-personal loan, Quick Payday loan, Easy Foreigner loan, Short-term business loan) for loans for low-income families. Their trustworthiness is the legacy of families they helped since 2010. Call to solve your financial problem.