Singapore has consistently been on the list for the most expensive countries in the world to live in. Oftentimes, we might find ourselves needing urgent financial help to tide through a financial crisis. It may be to pay your bills, fund any unexpected medical emergency, or to simply tide you through till your next paycheck. Irregardless of the circumstance, this is where a monthly installment loan can come in handy. At Lending Bee, we take pride in understanding our customer’s concerns. This is why we are able to provide short term monthly installment loans to provide you with extra financial help. How Does A Monthly Installment Loan Work? A monthly installment loan, otherwise known as a short term loan is most suited to those who urgently require money, usually before you receive your paycheck. It is a loan where you make repayments monthly till your loan is fully paid. The main reason why you would apply for a monthly installment loan is that you require the money fast. This is why Lending Bee prides ourselves in our short processing time and comfortable loan tenures. Upon submission of your online loan application form, our loan officers will be in contact with you within the hour. Once contacted, all you have to do is to make a trip down to any one of our branches to get your loan approved. Upon loan approval, the cash will be disbursed to you shortly. If you are currently suffering from bad credit, fret not! While banks may reject you, we do not immediately reject customers simply due to poor credit. We will first access your financial situation and if we deem you suitable to make timely repayments, you’ll be approved for the loan. Here Are 4 Examples To Provide You A Clearer Picture Example 1 Perhaps you need to borrow $5,000, over a period of 12 months, to fund the cost of your vacation and your travels. Here’s how much you’ll make in monthly repayments: Total Amount Borrowed: $5,000 (12 months) Term No. Principal Interest Total 1 $332.76 $200 $532.76 2 $346.07 $186.69 $532.76 3 $359.91
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