“I never thought I’d need a personal loan—until my air conditioner exploded the night before my elderly parents were due to visit.”

Starting a business in Singapore is thrilling- it is also cost-intensive. Whether you are a founder with a new idea or an SME owner eager to expand, you will probably encounter the same problem: How do I fund this without pledging my house, car, or office lease as collateral?

The minute emergency costs hit, whether it is a last-minute health care expense or unexpected repairs to your home or a last-minute travel need, time is money. It makes no sense to wait days till a bank responds or scan countless comparison tools when one needs it on the spot.

The decision to obtain loans requires borrowers to analyze between private lenders vs. banks in Singapore. Your financial health changes dramatically depending on which financing choice you select from among different options.