Notes to borrower:
Directloan.sg aims to be the best financial directory in Singapore. We do not represent any licensed moneylender or offer any loans directly, over the phone or at our office or otherwise. We ensure that all advertisers featured in our business directory are evaluated and selected carefully, particularly those that are licensed by government authorities.
The minimum period of repayment is 2 months and the maximum period of repayment is 6 months. The interest rate offered by the licensed moneylenders is 1% to 4% per month, depending on your credit rating and other factors. This corresponds to a 12% to 48% Per Annum APR based on monthly reducing interest rate.
For example, if you borrow $1,000 for 6 months, at the maximum interest rate of 4% per month (48% APR), your monthly repayment will be $190.76 and total interest for the 6 months is $144.58.
The example mention above is an estimation and for illustration purposes only, please check with the respective Licensed Moneylenders as it may vary due to loan amount, period of loan and other fees such as late fee and late interest rate that may be charged in the event of violation on terms & conditions.