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Sep 28, 2017 - 34 minute read

Ocbc bank personal loan singapore

The purpose of shorter duration loans is to provide the borrower temporary financial relief. Such loans are not a long-term financial solution. Persons facing serious financial difficulties should consider other alternatives or should seek out professional financial advice.

This website is not an offer to lend. WhiteRockLoans. com is not a lender and does not make loan or credit decisions.

Ocbc bank personal loan singapore

Updated on 01262018. Payday and title loans give borrowers quick access to cash for a short time. With a title loan, lenders place a lien on a car owners car title in exchange for a loan. Payday loans are shorter term loans in which the lender essentially advances you one paycheck.

Both payday and title loans are meant to be short-term solutions to help consumers get through a short-term financial crisis.

Borrowers should carefully consider their options before taking out a loan and make sure they understand fees and repayment terms associated with these loans before signing any paperwork.

Ocbc bank personal loan singapore

Limit the amount you borrow. Only borrow what you know you can pay off with your first paycheck. Most companies will allow you to roll over the balance for several weeks or months, but they tack on fees each time you roll it over. This can result in you owing several times what you borrowed in the first place. Read the fine print. Pay close attention to fees and consequences of nonpayment. Will the company allow you to make arrangements if you cannot pay. Keep your documentation.

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