The bank will be all the more willing to grant you a favorable rate that your file will be solid. If the quality criteria listed below are met, the usual rate will be reduced by 0.25%. Ask to borrow 90% at most of the value of the home (the “quota”), for a minimum amount of 75,000 SGDs, in 25 years at most. Your personal contribution must really be made up of own funds, without coming from an installment loan or a property guarantee that would be added to the mortgage registration. Monthly payments will not exceed 40% of your income. It is also better for the loan to be subscribed by two people, each of whom has professional income. If, after deducting the monthly payments, an amount of 2,200 SGDs for a couple or 1,500 SGDs for an isolated (to increase 125 SGDs per child) remains, it will play in your favor. Finally, the bank will also appreciate that you and your partner report uninterrupted seniority of three years to one or more employers. There are numerous credit loan company singapore loan providers out there to
In the past ten years, payday loans, both as an industry as well as a medium of lending have seen tremendous and exponential growth. In most of the countries payday loan lenders have started gaining momentum as well as respect compared to past years. However, there still are a few misconceptions surrounding these loans. Let’s have a look at them:
Payday loan lenders target people who are vulnerable and weak
A few years ago regulations pertaining to payday loans were not as strict as they are today. Some lenders did misuse the loans by providing them to people who would not be able to pay back. They purposely gave them loans and later piled up the interest and made a profit this way. However, nowadays these loans have become quite popular and many legit online firms have come into being. In UK, Financial Conduct Authority regulates payday loans. Due to the new regulations, many lenders who previously targeted people have stopped doing so.
Payday loan lenders hide the fees and actual interest rate
This is another misconception which comes to payday loans. Many people think that payday loan lenders hide the actual fees
Are you looking into buying a franchise, but finding yourself stuck wondering which franchise to choose? Most franchises for sale today make a point of looking as attractive as possible to draw you in, and many will actively invite you and entice you the moment you show any interest in buying. But, as strange as it may sound, that’s not as good a sign as it may seem.
Is this really the most profitable franchise for you?
You want to invest in a business that will help you succeed, as well as one which you can enjoy. If you decide on a particular franchise, only to find that the work makes you miserable and/or that you weren’t at all prepared or suited for it, you will have entirely lost out on a massive investment.
So, tip number one when deciding which franchise to choose: Don’t trust franchisors who simply welcome any franchisee to join.
The benefits of strict franchisee selection criteria
Now, while it may seem daunting to approach a franchisor that is very picky about who