Short Term Loan VS Long Term Loan
Many would claim that they are well aware of the difference between a short term loan and a long term loan. But are you really clear of the significant differences that a Short Term Loan differs from a Long Term Loan? There would be a difference in the amount borrowed, interest rates, repayment modes individually. Borrowers have to take note that the longer you take to make your repayments, interests rates will not only proliferate but the overall payment made would be so much more.
Short Term Loans are taken out by borrowers under a short period of time, and repaid over a couple of months the most. Whereas for long term loans, they are being taken out mostly in large sums hence the repayment period would naturally be longer. Always take into account the amount that you are borrowing and borrow only within your means. Do not take out a Personal Loan Singapore where it takes forever to clear off else it will become a burden instead of a solution to your short term problem.
Benefits and Advantages of a Short Term Loan
A Short Term Loan Singapore not only alleviates your current monetary issues, and the stress you would face. But also without the need to compromise any of your daily expenses such as skipping any meals. Life should continue as per normal without any disruptions financially. The benefit of a short term loan as compared to taking out through traditional banks, would differ a lot as the it is significantly less time consuming, interest rates are lower, and repayment dates are controlled by you instead of the lender.
With the required documents furnished, our money lender would be able to get you your requested Lowest Interest Rate Personal Loan Singapore amount immediately to settle that urgent debt of yours. Ever had control over when should you make your repayment and how much to make per month or week? Here at Fastloan.sg, one of the most trusted money lender empathize and understand what you are going through, hence we want to empower our customers by allowing them to fix their repayment dates that they are comfortable in paying so that there will be prompt payments made consistently.
Mandatory Requirements & Eligibility
- Borrowers are to be at least 21 years of age and above
- A Valid NRIC (Identification Card)
- A Valid Passport
- Any Billing Proof Indicating your Residential Address (E.g. Mobile bill)
- Latest 3 months of your Payslip