According to analysts, the current economic slowdown is pushing more Singaporeans into debt default. Meaning many households will experience poor credit rating. Also, this means they can’t access loans from banks but, they can work with moneylenders who have more lenient requirements. This is since no collateral or security is needed to qualify for a Singapore quick loan. The lenders offer unsecured loans and provide quick access to fast cash to assist you in meeting your financial obligations.
Additionally, the lenders offer customised Singapore quick loans packages based on your needs, and the fast cash loan can help you cater for your financial shortfall.
Eligibility for the Bad Credit Fast Cash Loans
To a borrower, the high inflation rate amidst the slow economy only means most people are having a hard time making ends meet. Since Singapore is ranked among the most expensive cities in the world, it’s no wonder that most households are deep in debt.
In order to qualify for a bad credit cash loan, you have to be aged 21 years and above. Additionally, the following documents are required.
- Proof of residence
- NRIC card
- For foreigners a Valid work permit
- 3 recent past months payslips as proof of income
The loan process from legal money lender allows for fast application and even approval. After you have put together the necessary documents, your lender will contact you asking you to visit their office. Once the documents are verified and the loan contract is signed by the parties, the money will be disbursed to your account to help you handle your financial emergency.