Singapore’s Finest and Cheapest Online Grocery Stores

Advance Planners Credit: Licensed Money Lender Singapore Urgent Personal Loan in Orchard
Advance Planners Credit: Licensed Money Lender Singapore Urgent Personal Loan in Orchard

Food is something that everyone needs in our daily lives and most of the time, people do their groceries to have something to cook at home for the entire family. Grocery stores are abundant in every part of the world and the importance of it is not questionable. Without the grocery stores, where can we buy food that we put in our table.

 

A grocery store is located somewhere wherein you can visit them anytime to buy what you need to cook as well as other stuff. They have a physical store that you need to go to for you to purchase something there. However, nowadays, as the internet has been very abundant, online groceries can also be checked out if you are unable to go out or just simply do not want to go out. The internet has provided the option of buying your groceries online now.

 

The internet has given people the convenience of shopping while at the comfort of our own homes. You can buy whatever you need for your menu at an online grocery platform. You do not need to go out, you do not need to be conscious of how you look when you go out on the grocery store and you do not have to carry the heavy bags of groceries.

What Can you find in an online grocery platform?

Advance Planners Credit: Licensed Money Lender Singapore Urgent Personal Loan in Orchard

The items in an online grocery is basically like those which are in the physical grocery store. The only difference is that you can only see pictures and you will just need to click and add to the virtual cart whatever it is that you want to buy. 

Most online grocery platforms also offer meat, fish, vegetables and other groceries and cooking items. By the time you are finished Online grocery shopping Singapore, you will need to pay for everything you chose and just wait for the items to be delivered in your doorstep.

Here are some of the best online grocery stores:

Giant

Advance Planners Credit: Licensed Money Lender Singapore Urgent Personal Loan in Orchard Giant HypermarketBasically a one stop shop. They have a huge variety of fresh products as well as dairy and frozen foods. They also have wines, baby needs, pet care needs, kitchen wares, toys, clothes and do it yourself materials. There is almost no difference in pricing online compared to the physical store that is why most people opt to do their groceries online.

 

They also offer 70 Halal meat and 20 Halal delicy items, approximately. Various alternatives of Australian frozen beef, lamb, poultry, bacon, ham and sausage are available to add to your virtual cart. They also offer same day delivery if you order online from 12 midnight until 11 in the morning. Free delivery if your grocery items are worth more than $59 but if it is less, you need to be charged $7. 

Tangy Tangerines

Advance Planners Credit: Licensed Money Lender Singapore Urgent Personal Loan in Orchard - Tangy TangerineThey are well-known for its great selection of high quality of fruits, from citrus, tropical, exotic fruits to berries and melon, the shop has greater than 50 different kinds of fruits to offer. Most merchandise are imported from high-quality suppliers all around the world inclusive of Envy Apples and Barney’s Barn Laid Eggs.

Their charges are relatively competing with other online grocery shops at the market. If you choose to go along with natural products, they offer alternatives like oranges, lemons, blueberries, carrots, strawberries, tomatoes, celery, cauliflower, broccoli, and more. They probably have the widest variety of payment options. You can pay via Paypal, credit card, internet banking or you can even pay cash on delivery

The Hungry Chef

Advance Planners Credit: Licensed Money Lender Singapore Urgent Personal Loan in Orchard - Hungry ChefThey have a new approach of grocery shopping that is ordering meal kits for home cooking. If you don’t have time to visit a supermarket or prepare your each day meals, you can go to  Hungry Chef’s site and pick thrilling recipes to be sent in your doorstep. All recipes are healthy and good for two persons and it will only take a half-hour to put together. They have ingredients that are pre measured and comes with recipe cards.

You do not have to stress yourself up on measuring and weighing ingredients, specifically whilst you’re baking, due to the fact they have already got it covered for you. Recipe cards in which the have the step by step guide are written down along with pictures. New cooks will surely have a less messy way of preparing and cooking home food.


Vegetarian recipes are usually geared up for delivery. If you only devour for gluten-free food and is looking to have excessive protein dishes this week or whatever special diet you could have, you just need to go to The Hungry Chef to create a menu for you.

They have new recipes weekly and there are new recipes to watch out for once in a while. This is one manner to continue to give surprises to your own family with one of a kind meals at some point of casual occasions. Dishes may range from Asian dishes to Western inspired dishes.

Advantages of Online Grocery Stores

  • Can save you money

    Most online grocery stores offer the same price as what is in the physical grocery stores. You can even look for discounts that they offer online. You can buy your grocery items in bulk, which sometimes comes with discounts. You do not have to spend your money with gas for your vehicle and you do not have to pay a parking fee too.

  • Can save you time

    You can definitely shop whatever time you may want to. Because online grocery stores do not close. You do not have to go to a long line just to pay for your groceries. You will just wait for the items to arrive at your home when it is delivered. You do not have to go back and forth. If you forget something in a grocery store, you will usually go back to the store to get it. If you do it online, you will save the time to do so.

You may also want to check Advance Planners Credit to further help you with the grocery shopping that you do online.

Is it Possible to Make Investment for Small Income?

Reasons-why-people-are-afraid-to-invest-their-money

Money is usually an instrument for investment. A way to increase the value of an asset in return is by investing. It is a hope for the exchange of your monetary asset that will provide higher profit. However, some people find it difficult to invest because a lot of people thought that investing is just an expense for nothing and could be expensive.

But, is it really possible to invest even if you’re not earning enough money? Well, you’ll know you can invest if you can still afford to buy unnecessary things such as a new phone, new bag, new shoes, and can travel wherever you want to. And yes, it is possible to invest even with little income you’re earning every month.

Reasons-why-people-are-afraid-to-invest-their-money

Reasons why people are afraid to invest their money

Some people find that investments are expensive and they could just get loss instead of income. Another thing is that people are scared to invest because of scammers. Also, a lot of people think that getting an investment is expensive. One of the most popular savings you can try is the one they called “Regular Share Savings” or RSS. It is offered commonly by banks, but before anything else, here are the advantages and disadvantages of RSS plans.

Regular Share Savings or RSS plan is an investment plan that requires a monthly contribution of your savings from your income. The advantage is that it allows investors or potential investors to invest only the amount of money they can afford.

Unlike with other plans or products, it requires investors to contribute higher amounts of money which makes potential investors refuse to try investing.

But there are also disadvantages when you get an RSS plan. Investors who invests higher amount have the higher chances of getting a higher amount of returns. Also, investors may pay higher fees if they exceed their investment from the minimum investment amount.

Actually, there aren’t many secured investments in Singapore. In fact, some are too good to be true. That’s why many Singaporeans are afraid to take the risk to invest their monetary assets.

investment cost

How much can an investment cost?

Here are some of the platforms that are trusted and have guaranteed capital & returns you can invest from in Singapore. These investments will only cost you $100 a month.


    • POSB/DBS Invest Saver

       – you can invest in Nikko AM Singapore STI ETF with 0.82% fees and charges and to ABF Singapore Bond Index Fund with 5% fees and charges for only $100 a month.


    • Phillip Capital Share Builder

      – you can invest SPOR STI ETF Close to 39 SGX- listed counter for only $100 a month. Fees and charges are $6 for 1-2 counters and $10 for 2 counters or more.


    • Auto wealth

      – you can also invest in stocks and government funds for only $100 a month with an initial investment of $3,000. There are 5% management fees and $18 platform fees per annum.


    • Dollardex

       – invest in unit trusts for only $100 a month. It has no fees and charges.


    • Endowus

      – you can also try investing at low-cost portfolios diversifying mutual funds and unit trusts for only $100 a month with an initial investment of $10,000. Fees and other charges will range from 0.25%-0.60% per annum.

      If a $100/month investment is still expensive for your budget. You might want to consider some of these platforms that have lower cost and no minimum amount of investment.


    • Smartly

      – has a minimum investment amount of $50/month. You will invest in portfolios of ETFs. Smartly has a fee that ranges from 2% to 8% per annum.


    • MoneyOwl

      – if you want to invest in dimensional funds and equities. You will need only $50/month. MoneyOwl has advisory fees of 65%, platform fees of 18% paid to ifast and 3% to 4% fund expense ratio per annum.


    • Stashaway

      – it has no minimum amount required but has a fees ranging from 2% to 8% per annum. You’ll invest in a selection of ETFs from the 32 different asset classes.


    • Squirrelsave

      – you can also invest in Global ETF Portfolio with no minimum amount required. Squirrelsave has 10% performance fee and a 5% management fee per annum.


    • Syfe

      – it don’t have minimum amount required for investment, you’ll invest in ETFs. It has a management fee of 65% per annum.

Is monthly loan more convenient than other loans?

Unlicensed Money Lender Complete Guide To Distinguish Them - Make Sure You’re Working With Dependable SG Moneylenders

On the other hand, if you’re going to take out some money out of your monthly income, you may also consider choosing a monthly loan. Some loans that are offered through online are payday loan that is good for those people who have bad credit score and want to get funds easily and immediately.

However, there are also loans out there that could be more convenient and match your monthly salary. You may check Advance Planners Credit for more details and requirements about monthly loan.

But here are the basic requirements you’ll need if you’re planning to get a monthly loan:

    • Borrower must be at least 18 years old and above.

    • For Singaporean: you must have a stable source of income amounting to $18,000 and above for the year.

    • For foreigners: you must have a regular work and earning $24,000 annual income.

Getting a monthly loan is more convenient and you won’t worry about paying your loan on a weekly basis. Instead all you have to worry is your expenses for the week that will fit your weekly budget. There is also no collateral for monthly loan which is a good thing especially if you don’t have assets to offer as collateral to the loan.

You can easily apply with your own convenience at home. You can also get approved easily as long as you are qualified within the criteria listed on their website. So if you’re interested, you make check their website for other information.

Conclusion

Investing is only hard for people who have a lot of reasons not to invest but can afford to buy things they don’t actually need. Investments are for people who have a wide understanding and concern about their assets and savings.

Unlicensed Money Lender: Complete Guide To Distinguish Them

Unlicensed Money Lender Complete Guide To Distinguish Them - Make Sure You’re Working With Dependable SG Moneylenders

The best thing about living in Singapore is having access to the best private and public services and facilities. However, even if a moneylending service appears legitimate or their respective website, scammers might be running them behind the scenes. 

How Unlicensed Moneylending Led Many Customers Astray

In 2017 alone, the Singapore Police Force cracked down on unlicensed moneylending. This led to a 21.8% drop in illicit moneylending in the country. However, there’s more to do if the country intends to stop the illicit number of moneylending scammers. After the crackdowns, they’ve changed their strategy. 

Instead of confronting their borrowers with threats and actual harassment, they’re harnessing the Internet through unsolicited calls and text messages, online shaming, and sending harassment notices in mail pigeon boxes.

The Typical Strategy of an Unlicensed Moneylender

 

• Bad Credit Score

Unlicensed Money Lender Complete Guide To Distinguish Them - Bad Credit Score

Most unlicensed moneylenders target individuals that have bad credit scores with traditional banks. By investigating the lifestyle and perceived financial situation of their targets, they position themselves as a convenience.

True enough, with the convincingly easy way to gain loan approval when working with unlicensed moneylenders, most people strapped for cash — including foreign workers — take the chance.

Because the approved financing is unsecured with any collateral or credit scores and outside the jurisdiction of the Singapore Ministry of Law, unlicensed moneylenders can set their own interest rates, rules, and even change these aspects without warning.

Even if a borrower can repay their regular monthly repayments, they can still incur great debt. For example: if the unlicensed moneylender decides to change the interest rates, regular monthly payment amounts, or overall payment agreement, then borrowers can accumulate huge debt without any legal recourse against their lenders.

• Harassment

Unlicensed Money Lender Complete Guide To Distinguish Them - Harrassment

In addition, they have no quick defence against the harassment tactics of unlicensed lenders. There have been many cases of unlicensed moneylenders having splashed red paint and posting debtor notes outside borrower’s units.

In some cases, they’ve even posted the real names and addresses of people indebted to them online including the amount they owe the companies.

True enough, Singapore’s police have no tolerance for an unlicensed moneylender’s harassment tactics. However, it will take them some time to investigate and deliver justice for victims because the unlicensed moneylenders aren’t in the Ministry of Law’s registry.

All loan shark harassment will receive a huge fine of S$5,000-S$50,000 inclusive of a maximum of 5-year imprisonment.

 

• No Verification and Documentation

Unlicensed Money Lender Complete Guide To Distinguish Them - No Verification and Documentation

In this light, the best way to avoid unlicensed moneylenders is to remain vigilant and don’t go for offers that seem too good to be true. For example, being offered a five-digit loan amount without any identity verification and credit check needed is a deal that’s too unreal and is likely run by a loan shark or scammer.

How can you avoid working with illicit moneylenders? Here are 10 important things you should always remember.

 

How to Know if You’re Working with Legitimate Moneylenders

 

  1. Search the Ministry of Law Moneylender Database

Unlicensed Money Lender Complete Guide To Distinguish Them - Search the Ministry of Law Moneylender Database

As we mentioned earlier, Singapore’s private and public facilities are state-of-the-art. With its Freedom of Information law fully implemented in the country, anyone can access the database of regulating bodies to find its members. The Ministry of Law is the primary regulator of the moneylending industry and moneylenders in Singapore, which goes without saying is a complex responsibility.

The Ministry of Law’s Registry of Moneylenders is readily accessible for any borrower wanting to do some research before applying. In fact, it encourages borrowers to learn more about their prospective moneylender licensure, activities, and other important details.

The Registry of Moneylenders


Singapore’s Registry of Moneylenders readily offers its entire list of registered moneylenders for a specific year. Often, moneylenders legitimately operating in the market are part of the list readily available from the registry.

As of 2019, there are over 156 Singaporean moneylending companies legitimately operating with proper licensure entirely overseen and monitored by the Registry of Moneylenders and the Ministry of Law itself. This is the first part of your journey to finding reliable moneylenders — if your moneylender isn’t on this list, then it’s important to find another one you can work with.

  1. Follows The Smallest Nuances of Law and Regulation

Unlicensed Money Lender Complete Guide To Distinguish Them - Follows The Smallest Nuances of Law and Regulation

A license does not guarantee your moneylender will always act in good faith. However, it binds them to the rule of law that any act they commit against the laws they swore to obey before they began will leave them penalised or punished in the process.

A moneylender can begin legitimate operations if they perform the following:

    • • Register Sole Proprietorship

Moneylending business owners are always Singaporean. In addition, their sole business proprietorship clarifies they are a moneylending business entity, which renders their business valid.

    • • Apply for a License

Before they can begin to lend money, moneylenders have to register and apply for a license to lend money. This verifies that the moneylenders are Singaporeans, of good character, are fit to lend money/ engage in moneylending businesses, and swear themselves within the Moneylender’s Act and its rules.

    • • Take the Moneylender’s Test

This test proves whether or not the sole proprietor and applicant has the skills and aptitude to maintain and grow a moneylending business, understands the responsibilities involved in running the said business, and whether they will likely follow or disobey the existing regulation rules.

 

  1. Has a Registered Physical Branch

Unlicensed Money Lender Complete Guide To Distinguish Them - Has a Registered Physical Branch

The Ministry of Law will only permit moneylenders to operate if they have a physical place of business.  The place of business or businesses (if the moneylender plans to have multiple branches) must only conduct transactions in their physical branches.

All moneylenders are required to contact the Registry of Moneylenders if they plan to establish branches anywhere in Singapore. The decision on these new branches is subject to the registry’s decision.

However, all moneylenders must only have one principal place of business wherein many of its intensive and confidential activities will take place.

Therefore, any moneylender without a registered branch and only uses an online facility or even social network account for any transaction is illegal and are likely scammers. Therefore, don’t be fooled by the convenience they offer to you.

 

  1. Transparency in Terms of Loan Contract Presentation

Unlicensed Money Lender Complete Guide To Distinguish Them - Transparency in Terms of Loan Contract Presentation

All legitimate moneylenders have a responsibility to present the terms and conditions of their loan in a way that customers can understand. The lender must sign the contract and confirmation that they have fully understood and took in detail everything about the contract as their moneylenders have explained.

It is the moneylender’s responsibility to explain several financial and contractual terms in simple terms to ensure their customer fully understands what they need to fulfill to avoid any additional interest rates or penalty fees during the repayment period.

Thanks to the presence and requirement of having an explanation contract, you can ask anything to your legitimate and trustworthy moneylenders and they will give you a substantial and clarifying answer. If they fail to do so, the Ministry of law can act on your behalf.

 

  1. Income-Based Borrowing Amounts

Unlicensed Money Lender Complete Guide To Distinguish Them - Income-Based Borrowing Amounts

Legitimate moneylenders always have your best interests at heart. Unlicensed moneylenders will always approve any amount without considering the borrower’s capacity to repay the regular payment amount and interest rates.

In addition, legitimate moneylenders will always follow the guidelines of the Ministry of Law when it comes to income-based borrowing.

According to the Ministry, a maximum of S$3,000 is the amount a borrower can receive if they have an income below $20,000 annual income. For those who have an annual income more than $20,000, , they can borrow an amount six times their monthly income.

With these safeguards in place, anyone working with licensed moneylenders will have an option to reconcile debt effectively without amassing a huge, problematic amount in the process.

 

  1. A Tangible and Legitimate Contract

Unlicensed Money Lender Complete Guide To Distinguish Them - A Tangible and Legitimate Contract

All moneylenders in the Registry of Moneylenders work within a solid and legally-recognized contract. This contract is tangible because it only gains approval once signees give their approval and signatures to solidify the agreement.

Unlicensed moneylenders will never present any contract — and if they do, it’s often something they can quickly change because no regulating organisations such as the Singapore Ministry of Law recognizes and hovers over their shoulders.

All tangible and legitimate moneylending contracts will always contain important information about the financing such as the followed interest rate (and annual percentage rate where applicable), regular repayment period, late payment fees, and repayment options.

Therefore, if the moneylender ever tries to change any of these details, they will face immediate action from the Singapore Ministry of Law upon a victim’s report.

 

  1. Charges Only Three Kinds of Fees

Unlicensed Money Lender Complete Guide To Distinguish Them - Charges Only Three Kinds of Fees

According to the Ministry of Law, SG moneylenders can only impose three types of fees, which they must explicitly indicate in any contract they present to borrowers.

Legitimate moneylenders must present the late payment fee, upfront service fee, and legal fees in the contract and every receipt once they approve the borrower’s loan application and release the funds.

Borrowers receive late payment fees when the customer has already missed their first loan repayment.

Moneylenders can only charge up to S$60 per month for late repayment fees.
Upfront service fees are legitimate only if it is 10% of the borrowed amount’s total value.

Contesting moneylender policies or violations without strong evidence that leads to a court case will have borrowers shoulder the total cost of the legal proceedings.

 

  1. Dependable As Per Their Customer’s Reviews

Unlicensed Money Lender Complete Guide To Distinguish Them - Dependable As Per Their Customer’s Reviews

With all qualifications and licensure requirements aside, all licensed moneylenders are considerably trustworthy. However, it is not a guarantee that their services will remain top-notch. Careful research in their activities and the value they provide customers still remains necessary to find a licensed but trustworthy and results-oriented moneylender.

Review websites such as Money Lender Review and LoanAdvisor offer in-depth reviews about existing registered and licensed moneylenders in the country. Reviews are exceptionally helpful for foreigners who have zero idea on which moneylender to trust when it comes to their financial needs. Lastly, moneylender awards and recognitions are definitely great indicators of their trustworthiness and reliability.

 

  1. Welcomes Loan Applicants From All Walks of Life

Unlicensed Money Lender Complete Guide To Distinguish Them - Welcomes Loan Applicants From All Walks of Life

It’s easy to find moneylenders thanks to search engines, social media referrals, and review websites. However, some moneylenders only restrict themselves to a certain audience.

However, reliable moneylenders do not discriminate against Singaporeans or foreigners looking for fair and reliable financing whether for personal recreational use, investing, or just to pay for their initial rental fees (which is especially important for foreign workers moving into the country).

While moneylenders have different requirements for foreign loan applicants because of credit survey limitations, they only ask for additional requirements for this reason.

It is not because foreign workers have less income than Singaporeans but because the moneylender has to ascertain whether the foreign applicant has the means to repay and nurture their financing and avoid landing themselves in deep debt.

 

  1. Make Sure You’re Working With Dependable SG Moneylenders

Unlicensed Money Lender Complete Guide To Distinguish Them - Make Sure You’re Working With Dependable SG Moneylenders

With more than a hundred moneylenders available in Singapore, it is wise for Singaporeans to work with Ministry of Law approved and regulated moneylenders.

True enough, you might find hundreds of moneylenders in social media and the Internet. In some cases, you might find personal referrals to seemingly-reliable people and organisations who are unlicensed moneylenders that grant a huge amount in exchange for a small interest rate.

Working with regulated moneylenders gives you legal backing in case they violate certain rules and regulations.

With unlicensed moneylenders, you have no receipts regarding the interest rate and agreement you had with your lender. The law cannot protect you, and you are left at the mercy of the moneylender when it comes to repaying your dues.

Conclusion

To sum it all up, to know you’re working with a legitimate, licensed moneylender, they have to have the following:

  1. Part of the Ministry of Law’s Registry of Moneylenders
  2. Has applied for and obtained a license by taking the necessary examination for moneylending services
  3. Has one principal place of business
  4. Fair and transparent in all their transactions, interest rates, and others
  5. Binds you to a legally-recognised contract that you and they have agreed to follow
  6. Charges only three types of loan fees
  7. Ensures you can repay your borrowed amount based on your income.