Over the globalization, there have been multiple labels used to describe licensed moneylenders, but it all refer to the same type of loan; the one that is difficult to get approved from a bank. Some will even hear licensed money lenders to be called as agents, brokers, loan officers, loan brokers or even mortgage bankers. Knowing their role that they play can assist a client to getting the right loan and getting funded quickly.
In normal or formal way of money lending, loan officers will be the front-end of the transaction. Applying, discussing, qualification criteria, gathering income and asset documentation from client will cover majority of the procedures. The loan file is then passed on to processing. The loan will be funded by the company or bank that the officer works for.
For licenced money lender Singapore, the front-end of the transaction is just as easy as it can be. These talented lenders will organize the transaction from start to finish. Their skills and relationships with funding sources is vital on providing their client with the money loan that fit their needs.
Basically licensed money lenders will aid their client with everything that is possible to enclose the deal. Personal loan is the common funding that most of the client need. Licensed moneylenders usually will create loan packages to ease the client to decide on what they want. Some of the lenders will also place their package with lower interest rate loan to get the deal running on both side and create a win-win situation.
Licensed money lenders also will do some advising for their clients on guiding them to make the right decision; usually the one that will fit the client’s ability of repayment. In fact, licensed moneylenders are just like traditional bank where they really protect the private information of their clients to avoid miscommunication or loss of data integrity.
Time constraint is something that matters to licence money lender Singapore. They will get their client loan approved in timely-manner to ensure high satisfaction of their client. Providing clients with lower rate personal loan and in short period of time is all an individual in-need of money will seek.
In addition, licence money lender Singapore will also make clients life easier by preparing and providing them with all the final document and closing. In many cases, they will help the client to make sure everything is in order and there are no questions about the final documents.