Payday Loans – Get Your Fast Cash Loan When You Need It.
We’ve all been there. It’s the middle of the month and there are expenses to be paid, or perhaps a small emergency just took over your finances and you find yourself unable to make it until the end of the month. You know if you just manage, you’ll have the resources to deal with everything – after all, a big paycheck is coming. But in the meantime, you need a way to come up with the money.
Let us help you. At CashDirect, we are a team of experienced professionals ready to provide you with cash and payday loans. As a licensed moneylender in Singapore, we apply the best customer service practices that will make you return back to us when you are in need.
The loan you need, when you need it most
While most people think of loans as huge, long-term economic endeavors that people only get when they need large amounts of money, it’s not necessarily so. While large loans are the most publicized, there’s no lower limit to how big a loan can be – or at least, at Cash Direct, we don’t have one. The loans we offer can be as big or as small as our customers require. As long as they fulfill our requirements, we’re happy to deal with them.
This leads us back to your specific situation. Short term loans, smaller loan that will make you make it to the end of the month without putting you in major financial hardship? We’ve got you covered as a licensed moneylender in Singapore.
But first let’s clear something up – A payday loan is basically a monthly loan, usually lasting from 1 to 6 months, depending on your loan amount and the repayment method of your choosing. You can apply for a payday loan at any time of the month. A payday loan is like receiving your paycheck early. Whether, your salary is running a little late this month, or if you have a deposit to make, or if you just have an emergency to tend to and need that paycheck fast. Payday loans are here to help you get through your month a little easier and with a little less worry.
At Cash Direct, we offer flexible and affordable payday loans repayments that look like this:
1-month repayment: A loan taken on 6th January, your repayment date will fall exactly one month from the date you collected your loan. You loan should be paid back in full plus interest by 6th February.
2-month repayment: A loan taken on the 6th of January can be divided into two separate payment instead of paying the loan at once and repayment dates will fall on 6th of February and 6th of March
3-month repayment: This allows you to have the flexibility of splitting the loan into three installments in-between receiving the loan and having to repay it. As an example, just like in the above, a loan taken on 6th of January can be divided into three separate payments to be paid once every month for 3 months. Instead having to pay a lump sum, repayment dates will fall on 6th of February, 6th March and 6th April.
Cash Direct repayment policies allow for separate payments, and this is to enable you have a flexible payment plan. So, if you opt for a 3 months or 6 months repayment plan, you can spread your repayments accordingly. This will help reduce the pressures of a one-time repayment that might be a burden to you.
When should I apply for a payday loan?
While we don’t have hard rules on when a person might or not apply for these types of loans, the restrictions they come with should frame your decision on whether to apply for one or not. We have high approval rates at Cash Direct, and you should brace up and talk to us.
Payday loans are generally used to pay for unexpected expenses that won’t become long-term and the user can repay within a short amount of time. For example, short-term medical bills are a common reason people apply for these. Just as well, smaller yet important expenses like car or home repairs can be handled with a short-term cash loan with low interest rates.
Our advice is simple: talk to an organization that can provide financial help when you need it, and we are here to help you.
What do I need to have for this loan?
Payday loans have smaller, but sometimes more strict requirements than long-term loans. While no collateral is often needed, you do need to show you can meet the loan terms. Generally, this implies you need to show proof of employment, since it is tied to your employment income. We would require you to come along with relevant documents listed here:
For a Singaporean citizen, just come along with proof of identification and with proof of employment documentation.
For this, we want to assure you that we have professional and friendly loan officers at the office mentioned above who are quite ready to guide you through every step of the process. Maybe you work in the center of town and you are wondering if a licensed moneylender is close by. Look no further, we are situated at a walking distance from Hougang MRT.
What should I NOT take a payday loan for?
While payday loans are generally easy to apply for and receive, only good monetary practices will ensure your financial stability. While most situations listed here won’t keep you from getting loans, applying for them under these might put you into financial hardship later on.
Don’t take loans you can’t repay
While long-term loans, like loans for the purpose of investments, can’t have 100% assured payment, payday loans always should. You take a payday loan on money you know you will have, not on money you might have. Taking them on with no income in sight is not recommended.
Don’t take payday loans for regular expenses.
Taking loans for one-off emergencies makes sense, as they simply help temporarily cover a hole in your finances and you expect to rearrange them over the next month or two, so debt doesn’t grow. This doesn’t work if you need a payday loan every month to pay the power bill, however. Over time, loan payments will only grow, putting you into bigger hardship. We encourage our customers to use payday loans when necessary even though they come at a low rate of 4% interest.
Don’t take several payday loans at once
Some people actually do this – applying for payday loans at several places, and then taking all of them. This usually leads to premiums they can’t pay and having not one, but several people to respond to. Many moneylenders won’t take you as their client if you already have outstanding loans with others – and for good reasons.
How fast can I get my payday loan? Our processing times are fast and straightforward. Our cash loan processing is completed within 20 minutes by the loan officer. You only need to come with the necessary documents to make this possible.
Need more information?
If you have any questions or doubts about or payday loans or any of our services, feel free to contact us. We’re always open to meet your needs.