postheadericon Based on credit score a person gets his loan

Only based on credit score a person gets his loan. All companies are requesting borrowers to provide their entire loans amount. In case, in case, the loan amount is heavy, he is not eligible to avail loan from anywhere. Therefore, credit score is very important to avail loan. Same time based on salary a person could have, low interest licensed moneylender in Singapore. Licensed money lender is recognized by government, he could not charge more interest money from borrowers. In case, any lender is charging more interest and that is informed to government, immediately government would cancel his name from listed lender, further government officials are cancelling his license number.

 

Therefore, ethical licensed moneylender in Singapore is respected lender in society. He is not demanding more money, as interest, he is not demanding principal amount while paying only interest money. This is the only reason all people are availing loan from above lender. In case, any person is interested to lend his money for public, he has to follow many rules. Only after this process he would be eligible to apply for license and after that he could provide loan to salary based workers and for low interest.

 

Repayment is not compulsory with the principal amount. It is wise to read more about moneylender interest. Once a person read completely about licensed money lender he would never think about other lenders. Money is required for everyone, this is the reason there are many lenders available even without their license. These lenders are not in control of anything. Therefore, these lenders would be charging more. But for this kind of lender credit score is very important. Without good credit score statement this kind of lender is not providing money to borrowers. Of course, credit score repair is possible, so once a person visits, this kind of lender, lender checks credit score and repairs through an agency and providing money for borrower. Credit score is nothing but all credits, and how much is total credit. In case, home is purchased in loan, car purchase, other goods purchase all with loans mean credit score would be very poor, in this condition no lender would be interested to provide loan. But licensed lender would be able to provide loan, because he is not providing loan based on credit score. He provides, loan based on salary and one complete month salary could be had by borrower.

Comments are closed.