Loans

Debt consolidation loans can be a lifesaver for individuals struggling with multiple debts. By combining various debts into one loan, you can simplify payments and possibly secure a lower interest rate. But with so many options available, it can be challenging to know which banks offer the best debt consolidation loans. In this blog post, we'll explore top banks offering these loans and help you make an informed decision. What is Debt Consolidation? Debt consolidation involves taking out a single loan to pay off multiple outstanding debts. This can help simp...

Yes, it is possible for an Indian resident to obtain a loan from a Singaporean bank to do business in India. Many banks in Singapore offer business loans to foreign individuals and companies, including those located in India. However, the terms and conditions of the loan will depend on various factors such as the borrower's credit history, business plan, and the bank's policies. To obtain a business loan from a Singapore bank, the borrower may need to provide documentation such as financial statements, business plans, and relevant licenses and permits. The borr...

Yes, Malaysians can potentially loan money from Singapore banks, but it may depend on various factors such as the individual's credit history, income, employment status, and other criteria set by the bank. Most Singapore banks have branches or subsidiaries in Malaysia and may offer various loan products to Malaysians, including personal loans, home loans, car loans, and business loans. However, the loan application process may differ from bank to bank, and there may be additional requirements or restrictions for non-Singaporean residents. It is important to ...

DBS and POSB are two of the most popular banks in Singapore, and many people often wonder if they are the same or not. Although both are part of the DBS Group, they are different entities with their own unique features and functions. DBS Bank is the largest bank in Southeast Asia and offers a wide range of banking and financial services. It caters to both individuals and businesses, providing services such as savings accounts, loans, credit cards, investment management, insurance, and more. It has branches all over Singapore and other countries in the region. ...

Measures aimed at easing cash flow concerns to include education, vehicle and renovation loans Individuals can choose to temporarily halt payments for education, renovation and motor vehicle loans, in a move by the Monetary Authority of Singapore (MAS) and the finance sector to ease cash flow concerns amid the coronavirus pandemic. Those with commercial or industrial property loans, as well as mortgage equity withdrawal loans, can also apply to their banks to defer payments until the end of this year, subject to certain requirements. Service fees that are...

SINGAPORE - Individuals can choose to temporarily halt payments for education, renovation and motor vehicle loans, in a move by the financial sector to ease cash flow concerns arising from the coronavirus pandemic. Those with commercial or industrial property loans, as well as mortgage equity withdrawal loans, can also apply to their banks to defer payments until the end of this year, subject to certain requirements. Service fees that are typically charged for failing to maintain the minimum average daily or monthly balances in one's retail bank account can ...

PARIS (BLOOMBERG) - Societe Generale posted a surprise first-quarter loss after its stock traders were wiped out in the market volatility caused by the coronavirus and the bank set aside 820 million euros (S$1.26 billion) to cover bad loans. Revenue from equities trading and the business of servicing hedge funds slumped 99 per cent to 9 million euros in the first quarter, the French lender said on Thursday (April 30), contributing to a 40 per cent decline at the bank's trading business. SocGen posted a 326 million-euro loss. The results add to a series of se...

SINGAPORE - Bank lending inched down in March from the previous month amid the coronavirus outbreak, as a drop in consumer loans offset a rise in business lending, preliminary data from the Monetary Authority of Singapore (MAS) showed on Thursday (April 30). Loans through the domestic banking unit, which captures lending in all currencies but reflects mainly Singapore-dollar lending, dipped 0.1 per cent in March from February. Total lending stood at $692.4 billion in March, compared with $692.85 billion in February. It also rose 2.4 per cent over the same mo...