We all inevitably face some or the other financial problem at certain points in our life. Most of the time, we manage with our savings or, at worst, ask our family and friends to help us out with some immediate cash. At times, however, we may be forced to apply for a payday loans Singapore to cover a sudden emergency. In this post, we talk about payday loans in Singapore; also telling you how to go about the process of finding the best moneylender in that city.
What is a Payday Loan?
A payday loan; also called a payday advance, a payroll loan and a salary loan; is a relatively low-amount, short-term loan, which you can repay when you receive your next salary. Moneylenders typically charge a high rate of interest on these loans.
Though there is some limited jurisdiction on the percentage lenders can charge, the terms and conditions of repayment vary vastly from lender to lender, and from …