Foreigner Loan Singapore for Students You Should Know
Recently, more and more students want to go abroad for deeper education, one reason is abroad education is more good than the domestic. The other reason is that the student can experience a totally different culture to open their mind. When there is unwanted expense, a foreigner loan for students from a licensed money lender is a good solution.
It is a kind of foreign exchange consumption loan to help students who studying in foreign can get the money for their tuition and fees and living expenses. It is a good help for those students who want to study abroad but without enough money for paying the high fees for studying and living. So you can look for a legal money lender that can provide you such foreigner loan in Singapore.
So if there is any limit when apply a foreigner loan for students? Yes, there is the regulation that the amount of the loan cannot exceed the sum total of all the fees, includes the entry fee, tuition fee that mentions in the letter of admission, living expenses in a year and other necessary expenses. Students can choose this loan for personal consumption. The person who apply the loan is your parents or relatives, but the real beneficiary is you, so when apply the loan, you not only have to provide the school’s letter of admission but also has to provide the applicant’s identify card, proof of income certificate of employment, the prove of the using of proceeds.
It’s also important to find out a reliable money lender company to applying your loan, the reliable money lender company can not only save more money because of the low interest rates and no illegal fees but also can ensures your can get the loans in time.
There are still two things you have to consider seriously, one is what kinds of loan you want to apply, once you have determine the loan you can prepare the documents they needs; the other is find a way to repay the loan every years, because the loan is apply only one year each time, there is the deadline to pay off the loan, once you delay the repaying time which may have a bad influence on your next time to get the loan. So you can get the loan successfully and live a convenient life. Make sure you can pay off the loan in time.