The most common method of making digital payments today is via credit cards. They provide ease, the ability to avoid carrying large amounts of cash, and a wealth of fascinating offers. Additionally, by connecting your credit card to your bank account, you may automate your credit card bill payments and shop without fear.
You can also borrow money with your credit best money lender in singapore card, so the advantages don’t stop there.Cash advances are the primary method of borrowing money with a credit card. If you find yourself in a situation where you need money now but don’t have any cash or your debit card, you can use your credit card to get cash from the closest ATM. A loan against credit cards is the second and preferable method for borrowing money using your credit card.
For more information about this service and how to use one, read below:
How Do Credit Card Loans Work?
In an emergency situation or when your funds are invested, taking out a credit card loan is a practical way to have access to immediate cash. There are best money lender in Singapore who offers a number of unique benefits that set them apart from traditional loan products in addition to the simplicity of getting quick cash. These three are listed below.
1. Pre-Approved Loans
Pre-approved, unsecured credit card loans are available. Depending on your remaining credit limit, your credit card comes with a pre-approved loan amount. You are no longer required to offer any security or collateral in exchange for this pre-qualified loan amount or to submit any papers for verification. No co-applicant or guarantor is also required. Simply apply through our Netbanking web, mobile app, or hotline and you’ll get the money you need in three working days.
2. Easy Repayment Options
You have the choice of making simple monthly EMI installments when paying off a loan obtained via credit cards. The monthly EMI is charged to your credit card statement, making it easy for you to swiftly repay the loan. Additionally, you have the option of converting expensive credit card purchases into manageable EMIs. You are able to spend however you like and have the most repayment flexibility thanks to this.
3. Quick Disbursal
Credit card loans are issued in a timely manner. There are no application requirements, lengthy processing times, or waiting periods like there are with personal loans or loans secured by property. 3 days after approval, we make the cash available to you.