How to Get a Foreigner Loan in Singapore
You have just decided to move away from home and settle for a career in Singapore. This is a good start, but you will also need some money to get you going. The list of bills which you would look at include deposit payments for your phone line, rental agreement and home furniture. Singapore has loans for foreigners, too. These include personal loans, credit loans, private loans and cash loans. There are some bankers and lenders which make it simple for you to apply for a personal loan Singapore. You can do it without having to leave your house or office, and have your money in your account in less than 24 hours.
The loan repayment can be stretched up to a few years. This makes the installment amount you pay every month smaller for you.
As with all loan applications, there are some documents which you will need to give to your lender. Here is a list of the usual set of documents you will be asked for when you apply for a loan:
1. Your passport copy
2. The tenancy agreement of your current residence in Singapore
3. A valid work permit, E-pass or S-pass
4. Your Bank statement for the past 6 months or more
5. Proof that you are a full time worker in Singapore. This is usually a letter from your employers.
6. An utility bill as residential proof
A foreigner loan will help you tide the first few months as you start getting used the lifestyle and cost of living in Singapore. While looking around for a loan Singapore, check out all avenues of lenders which are around. Be in a small loan or a big one, you can be sure that there is a right foreigner loan waiting for you!