How Do You Calculate Total Debt Servicing Ratio?
What is Total Debt Servicing Ratio? TDSR provides a measurement of an entity or a person’s ability to repay their debts. But how do you properly compute it and how…
Overdraft Loan Facilities and Benefits
Banks allow you to dig deeper into your account even if it is already empty, but would that be okay for your finances? The key to understanding overdraft facility is…
What is EIR in Personal Loan and How to Calculate?
For sure you are familiar with the term interest rate, which is the amount which lenders charge in exchange of the assets they lent. It is often expressed as a…
Are Equity Loans a Good Idea?
Some would say that homes are a dead investment. It's a property that does not earn and is losing value the longer we live in it. But, the idea of…
Is It a Good Idea to Have a Personal Line of Credit?
Lines of credit may be good as you'd only withdraw money you need, but is going through the obstacles just to get that loan worth it? Since customers like to…
What is the Difference Between Secured and Unsecured Loan
The difference between a secured loan and an unsecured loan may be easy to grasp, but deciding which one you should pick might take some pondering. Secured loans require collateral,…
How to Get the Best Debt Consolidation Plan in Singapore
Maintaining a steady credit balance and keeping updated with all your credit card debts are quite difficult to manage. The situation turns even more difficult if you have multiple debts.…
The Best Fixed Deposit Rates in Singapore 2020
Fixed deposit also called time deposit is a type of bank account that gives account owners a fixed amount of interest. In exchange, the account owners agree not to withdraw…
How Much Can You Borrow from Financial Institutions in Singapore?
In many situations, loans and credits save us from financial difficulties and troubles. They offer easy and convenient ways to have cash. Early on, the government had realized that incurring…
Taking a Loan from Licensed Money Lender Vs Bank
Without a doubt, personal loans have helped thousands of families and individuals in Singapore. People in need of money resort to borrowing from financial institutions. But, for a borrower, borrowing…