You heard about payday loan, personal loan, business loan, or even foreigner loan. But you need to know that there is another loan that mainly targeted to students especially who are studying overseas. This type of instant loan usually meant to provide small affordable cash loans for students to help them cover many areas of expenses. These loans can be easily attained if you have a solid background or even if you have a bad credit score. All you need is to find and research a little bit around the internet and you will find many sources of moneylender in Singapore that provide loans with competitive rates and terms.
Most of the people, especially their own parents might think that students do not need such expenses, because of the small needs and requirements. But this may not be true, especially when the students are studying overseas. Difference in exchange rate and the difference in economy, the students might find their essential needs a little bit too expensive and they do not have any income to purchase all of those. Additionally, there might be some urgent needs that require an immediate cash or money, for example when the student is sick and needs to go to hospital. The student needs to find a better solution to help with the financial, thus instant cash loans for students available in most of the moneylender in Singapore.
What Are The Requirements?
First you do not need to worry! Student loans are loans that catered and tailored for students, so there will be a requirements, but may be different and slightly easier for you to get approval. Previously, students were never be eligible for loans, and now things have changed and much more flexible. The first thing you need to remember, there will be an application process and you need to provide a true information to the lender. Most probably they will ask you to fill out the form which consists of something similar like this:
- Your personal information. Such as date of birth, nationality, your passport number, and your family background.
- Your current active Bank Account Information in that country, Such as Bank name and back account number.
- Your University information, such as University name, course that you are enrolled in, your Student ID and Student Pass information.
There will be no collateral so you do not need to think about it, and the process are very simple if you are going through online. If you fill in the form online, the process should be pretty straightforward as after they confirmed your Identity, they will give you the paperwork and the amount will be added to your bank account.
QV Credit is one of the licensed moneylender in Singapore offering many different kind of loans from Personal loan, payday loan, to instant cash loan in Singapore. Contact us for more details.