If you don’t know whether you want to lower your interest rates or take out a payday loan, we suggest you take a look at the following tips. This information can help you make a wise decision in choosing a legal money lender singapore.

Valuable Items

If you like to enjoy a much lower interest rate, you can apply for a loan with a valuable item, such as a piece of jewelry. You can usually save a lot of money with a secured loan because of the low-interest rates. So, if you can, bring something of value to the loan.



First, make sure you are aware of how much money can meet your needs. Don’t be greedy. Some people don’t even need as much money as they borrow. As a result, they find it very difficult to repay the loan. So choose what you need, not what you wish you had.

Repayment Process


Well, this is the most important factor. When looking for a loan, make sure that you choose the perfect payment method according to your circumstances. For example, you could provide your lender with a post-dated check so that you can find out the payment by a certain date. Depending on your needs, ask the lender for the perfect payment method.


In cases like this, you can ask for an extension. Your lender will grant you a 48-hour extension based on your record. However, do not forget that you will have to pay the extension fee. You must make all payments until you clear the loan. If you are late in making payments, you will want to face penalties and that is not what you want at any cost.

So, if you are considering getting a payday loan, we recommend you consider your circumstances and use these tips to be safe. Remember that payday loans are not acceptable to everyone. You should only take out this loan if you are confident that you can pay it back on time.