personal loan

Personal Loan

One of the different loan types offered by Advance Planners Credit for its numerous customers is personal loans. A personal loan is a loan that is unsecured and issued to those who are in need of a short-term loan to meet up with some financial needs. The repayment durations of such loans usually vary, depending on some factors based on some monthly installments that are either flexible or fixed.

You can take this loan to attend to some personal needs such as to fund a wedding, purchase an air ticket, or offset some credit card bills without delay. However, you must meet some requirements set by the registry of moneylender and/or company policy to qualify for this loan. Some of these requirements are:

You must be within 18 and 65 years old.

You must be either a Singaporean, permanent resident or foreigner working in Singapore.

You must meet the minimum annual income of $18,000.

You must have the resources to make monthly repayment of the loan without defaulting in payment. Any failure to make a repayment at the right time or late repayment attracts a penalty that varies from one lending company to the other.  This requires that you access your condition critically and see if you can meet up with your monthly repayment without defaulting before putting it for a loan.

If you meet the requirements listed above, you can approach Advanced Planners Credit for a personal loan with the assurance that your loan application will be approved.

Documents required for applying personal loans from Advance Planners Credit

In order to facilitate the approval of your application loan, you must provide the following documents:

For Singaporeans / PR

  • NRIC
  • Know your Singpass
  • Proof of Residence – Tenancy agreement or Any recent month letter from your letterbox.
  • Recent Payslip
  • Bank Statement (You may log in to Internet Banking)

Foreigners

  • Work Permit / S Pass / Employment Pass
  • Passport
  • Proof of Residence – Tenancy agreement or Any recent letter from your letterbox.
  • Recent 3 Months Payslip
  • Bank Statement (You may log in to Internet Banking)
  • Employment Contract
  • Staff Card / Pass