1. Personal Loan options for Emergency Cash in Singapore
If you have run short of cash and need help then you can apply for personal
loan. There are variety of personal loan options to you like cash, overdraft,
credit union loans, family personal loans and payday personal loans etc.
But before making your final choice you need to consider the advantages
and disadvantages attached with all of the options. In this way you would
be able to make your best choice for your specific needs.
Cash Advance:
In this type of loan you can withdraw the amount of loan from your bank
against a certain percentage of one of your credit card limits. If your credit
situation is good then you might be able to receive a good chunk of money
from your bank.
For getting a cash advance you will be charged a fee in the first place. In
other cases’ some credit card holders might face a sudden hike in interest
rate. But still, this is a good option for you if you have credit cards.
Overdraft Loans:
Personal loan Singapore options for emergency cash are very helpful for
the business persons. If your credit standing is good then bank may give
you the overdraft facility. If your loan application is approved by bank then
the credit amount will be in shown in your account. The bank will charge a
nominal fee and interest for providing this service. The interest will be
charged on the balance amount until this loan amount is paid back in full.
Credit Unions For Personal Loan Singapore:
If you want to get a credit union loan’ you have to be a member of credit
union. After becoming a member you would be required to prove your
credit worthiness so that you may get a loan. Some credit unions offer you
the credit facility even if you have bad credit history.
Family Personal Loans:

2. If you want to get a personal loan Singapore’ you will be required to fulfill
some criteria. Banks will check your financial standing’ your credit history
etc. Beside this banks and moneylenders will charge interest on the
amount borrowed. But if you cannot pay even the interest amount no one
would be there to give you loan except your family.
The family members can also give you loan even you have bad history. But
the disadvantage is that family personal loans often lead to disputes. So to
avoid this’ go for personal loan Singapore through proper means to avoid
tension, disputes and damage to your relationships.
Payday Personal Loans:
These loans give the fast access to cash but the disadvantage is that high
interest rate is charged on such loans.