QV Credit Short Term Loans
Short term loans can help you in settling urgent financial needs. Apply with QV Credit, a licensed money lender for one of the best loans in Singapore for quick cash!
Sometimes, life throws us into situations that will catch us completely off-guard. These situations, such as car accidents and sudden illnesses, may require urgent cash to settle. However, your next paycheck may not be due for a while more, and you’re at your credit cards limit, and the emergency is time-sensitive. This is where you should consider taking up a loan to help tide over the financial situation you are in!
QV Credit offers short term loans in Singapore for people who find themselves in personal emergencies and in need of fast cash. Our team works quickly to deliver the money to any client who applies for a short term loan.
What are Short Term Loans?
A short term loan is an unsecured loan that people take from licensed moneylenders when they need fast cash loans for urgent personal matters. As these loans are unsecured, it means that there are no criteria for putting up collateral in order to apply for one. Do note that as this loan does not involve putting up security, the interest rates charged will also be higher than secured loans.
Am I Eligible for Short Term Loans in Singapore?
Just because a short term loan has few conditions for eligibility, that does not mean there are no criteria. There are still some documents and proof you will have to show in order to qualify for a loan:
The only time that QV Credit will not extend credit to an individual is when they are already overextended and have exceeded their capacity to borrow.
You will have to show all the necessary documents and proof for eligibility in order for the loan to be approved.
When Should I Take Up a Short Term Loan?
Once you have decided you are eligible for a short term loan, you should also have an understanding of the appropriate situations to take up a short term loan. Typically, you would take up a short term loan from a licensed money lender if you have an emergency that needs to be settled with cash that you do not have on hand. Here are some examples when you can take up a short-term loan:
My wife recently had surgery and I urgently need to pay her medical bills, however, the utility and rental bills just went out and my paycheck does not come for another three weeks. Can I take a short term loan?
Yes, you can. This is an emergency medical bill that needs to be settled, and if you do not have the finances on hand you ought to take a loan. You might think about taking money from your savings, however, that will massively deplete your savings and affect you in the future when you might need it more.
My rent is due to be paid soon but I do not have enough money. Can I take a short term loan?
Yes. If you are finding it hard to make ends meet in this expensive city, do not hesitate to take up a loan. It is important not to be behind in rent payment either, as those debts can build up too.
I recently got into a car accident and I need to fix my car. Can I apply for a short term loan?
Yes, you can. A car accident counts as an emergency issue and car repairs are notoriously expensive in Singapore. As long as you meet the loan eligibility, you are more than welcome to apply for a short term loan with QV Credit. You might consider taking a bank loan, but bank loans are secured and hard to come by and often come with a lot of criteria such as collateral. Furthermore, the application and approval processes are extremely long and not worth wasting time. Hence, a loan taken from a licensed money lender like QV Credit is a good idea.
However, there are also instances when you should not take out a short term loan. These are instances that you might think are emergencies, but they are not.
I am in gambling debt and need $5,000 because I think I have a good chance of winning. Can I take a short term loan?
No, you cannot. Personal loans are meant to be used only for specific emergencies that can definitely be solved by the loaned cash. Gambling is a game of chance, there is no surety, and on top of that, it is very unwise to use loaned money to gamble. If you are in debt, we suggest taking up a debt consolidation loan from QV Credit instead.
Loans are never meant to be used for spending, they are only to be used to solve the exact emergency you are in. You must always remember that you have to pay the loan back, so take loans only when you really need it. If you fail to make the repayment, you will find yourself in further debt and find mounting payment amounts. Be wise when taking loans, only borrow what you need. If you have borrowed more than you need, do not spend the extra cash, set it aside as part of the repayment.
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Why Should I Take Up Short Term Loans with QV Credit?
QV Credit allows almost anybody to take up a short term loan. We have very simple requirements for applicants, and these criteria are only to ensure that you are able to repay back the loan amount after. Unlike banks who will look at credit scores, collateral, and other factors before considering you eligible, we make it easy for you to qualify for a loan. We understand that emergencies can happen and sometimes you will need some quick cash to solve your problems. Hence, we made sure that our loans are easily available for you to access.
Furthermore, we have streamlined and designed our loans for your convenience and comfort. Here are some features of our loan:
QV Credit is a licensed moneylender and is committed to our clients. Your emergencies are also ours, and hence we will do everything in our power to get you the needed cash as quickly as we can. You can also rest assured that we are a legal and licensed moneylender in Singapore, and we do not have any hidden charges and fees that will not be revealed upfront. Our priority is helping you solve your problem and making your financial life more comfortable.
Our loan packages do not discriminate. If you need emergency money fast, then look no further. We are dedicated to solving your problems, and if we can help in any way financially, we will. Drop us a call at +65 6835 7666 if you have any queries.