There are many sources of credit, and where you go to will depend on your current circumstances. If you need a loan in the shortest time possible, your best option is to visit a moneylender. In deciding where to go, know that your lender will consider three things before giving you the loan and when deciding how much to give you: Character – this will be determined by your credit history record, and also a background check on you, Capacity – how much can your income afford you? This will also factor in all your other financial obligations since they will affect how much you can repay for the new loan that you’ll be taking, Credit – this is a plan on how you intend to repay your loan if you are given the amount, bearing in mind again all other expenses. If you are prepared with answers and plans for these, it will increase your chances of getting a favorable response.
Can you sustain the payment of the loan plus interest? Can you sustain it for the entire time period you will be paying the loan? Is there another expense you haven’t accounted for that might hamper your ability to make your repayments? How have you dealt with that? Is there a promotion coming in your future? Will that include a raise? As a caveat, don’t take loans on future monies though. Even if you’re expecting a raise in a month or two, make your calculations as though the raise isn’t there, and then if it comes, you will have an easier time. And you can always adjust repayments upwards to finish repaying the loan faster.
Particularly if you intend to secure your Singapore fast cash loan, consider the worst possible circumstance within the loan tenure period. If you’re using your car for instance as security and you don’t make repayments, how will that affect your life? If the alternative is too dire, consider going for an unsecured loan instead.