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Education loan Singapore is a serious financial commitment you should consider if you are planning to further your higher education studies in Singapore. This unsecured loan helps you continue your studies with more ease in mind and lesser worries about financial stress, because it helps with upfront payment for your education. Unless you can qualify for the governmental loans of CPF Education Scheme or MOE Tuition Loan (read more -  https://www.moe.gov.sg/financial-matters/government-loan-schemes/study-loan ), chances are that the education loan is a necessity. There are a few factors in play when getting an education loan in Singapore. Before we delve deeper into the factors, let us look at the education loan avenues in Singapore. Banks are financial institutions that disburse various education loans. Among the banks that offer the loans, DBS and OCBC are some of the popular choices of interests. If you take up $20,000 in education loan as principal loan amount, you can pay 4.5%...

  Is it a good idea to use a personal loan to invest in financial products, such as the stock market? It might have been an idea that strikes out to you to try to obtain a personal loan to invest in such liquid products that give you good solid returns on investments. But it may not be ideal. You may have heard of the ability to earn and profit from the stock market and make some lucrative money out of it. As tempting as it sounds, it may lead to grave consequences if not properly managed. This works true even if you have not much cash on hand immediately. Yes, you may try to get ahead in the fastest amount of time. But here is what you need to take note of when using a personal loan to invest in the equities. Personal loans function as unsecured type of loans with unsecured debt. The financial institution lending you cannot force a foreclosure on your home if you do not make repayments. As unsecured loans tend to have higher interest rates than secured loans, if you default on the...

  In the context of Singapore, taking a renovation loan has some differences from a personal loan. The renovation loan is a specific type of loan for home renovation matters. If you do a search on renovation loan Singapore , this loan includes a makeover for the wall, floor tiles, ceiling, rooms, kitchen and bathrooms. Part of the renovation loan also encompasses installation of electrical fittings and paintwork. A financial plan for your home renovation is specific, whereas a personal loan is a fixed amount of money which can be used for any purpose. Here are some differences between renovation loans and personal loans to note in Singapore: Interest rate Normally, renovation loans in Singapore have lower interest rates than personal loans. The mean interest rates of renovation loans are between 3% and 4%, whereas those of personal loans are higher. Also, the calculated interests for personal loans are based on the original principal loan amount, whereas for the renovation loans, t...