If a foreigner working and living in Singapore and you’re short on cash and you need a little money to tide you over until payday, you may consider looking into a payday cash loan. It’s a way that you will be able to get the cash you need, and when you get paid you repay the money that you owe them. You can find foreigner loan Singapore companies offering payday cash loan services around town and online.
In order to obtain a payday cash loan, you will need to provide a few things to the legal money lender in Singapore you work with. The information you provide will usually determine whether or not you qualify for a payday cash loan and how much you can get. A commonly required document is a bank statement, and it needs to be the most recent statement you have received. Some companies will require that you show that you have a balance that is above zero.
In addition, you will also need to show proof of employment and how much you get paid. Of course, you will be able to show that information from a recent pay stub. Most places will ask you for at least one or two current pay stubs. For some legal money lender in Singapore, your recent bank statement will be enough documentation if you have your paychecks directly deposited into your checking account. The company will also be using this information to figure out how much of a payday cash loan you qualify for.
The legal money lenders in Singapore will require references. Rarely will any of them ever call that reference though? Since it’s your account they will always deal with you only. The references you provide will most likely not be contacted for the purposes of approving your loan request but will be kept on file in case you cannot pay back your loan and fail to stay in contact with your lender.
In most instances, the required application is not a long one, it doesn’t usually take more than five to ten minutes to complete. But as long as you have all the information you need, you should be able to complete it rather quickly. In most cases, the amount of money you will be approved to borrow will not be in the thousands but will be enough to help resolve the situation you’ve found yourself in. Since it’s a short-term loan, the foreigner loan Singapore Company will make sure that the amount borrowed is something that will help you but can also easily be repaid.
Finally, the filling out of your foreigner loan Singapore application can be done rather quickly. The company you’ve chosen will look over all the information and figure out if you qualify or not, and for how much. Payday cash loans can help get you out of the jam, but don’t forget that you will be held responsible for repaying that money in about 2-3 weeks when your pay date rolls around.