If you are working as a foreigner in Singapore, you may encounter some special periods when you have to apply foreigner loan for emergencies, medical bills or coping with the living expenses once in a while. Now, there are a lot of banks and financial institutions that provide loans for you to help you go through financial troubles in Singapore.
However, there are some difficulties you have to encounter when applying for a personal loan for foreigners in Singapore. In the process of applying for such a loan, you will be required to provide more documentations than the Singapore citizens. Those financial institutions may require you to provide some documentation such as proof or certification of income, employment pass or working permit in Singapore, valid identification cards and passport. Yet, the requirements vary depending on the financial institution you deal with.
To get a personal loan for foreigners in Singapore, you can have the following options. First, you need to provide your sPass, Employment Pass, Work Permit as well as Passport. Second, you need to provide your employment letter. Third, you need to provide Phone Bills, Tenancy Agreement, or Bank Statement, all of which reflect your salary.
To apply foreigner loan in Singapore, you will be required to meet some the requirements as follows. To begin with, your age has to be 21 or above. And then, you have a full -time job in Singapore. Next, you have to provide valid E-Pass or S-Pass holder, as well as your latest 3 months payslip. In the end, you have to provide bank statements for the past six months, appointment letter from your company as well as existing residence tenancy agreement including original PUB billing statement and mobile phone bill statement.
When you apply for a personal loan for foreigners in Singapore, it is highly recommended that you look for and consult with various banks or financial institutions so as to weight their pros and cons. Some banks offer this kind of loans with flexible payment schemes, as well as favorable interest rates. After doing an adequate and appropriate research, you are most likely to get the ideal one. For security, you’d better turn to licensed and certified lenders and financial institutions for these loans. Credit Hub is the best foreign loan lender in Singapore where you can apply loans easily via online. They approve their loans fast and at a low interest. When you consult Credit Hub, you will get instant loan. As long as you have a certain amount of stable income, you are free to apply foreigner loan in Singapore.