Frequently Asked Questions
What services do myloan provide?
myloan work with a number of accredited money lenders in Singapore to help you make the best borrowing decision. Applying to multiple lenders and possible complications can result in your credit rating being affected and so we will be doing our best to ensure you are directed to a low cost lender who will likely prove your application.
Can anyone apply for a personal loan?
As long as you are aged 18+ and have proof of income you will be able to apply for a personal loan.
What does APR mean?
The annual percentage rate (APR) of your loan is the percentage of interest you will be paying back on your loan amount. We work with lenders with a general rate of 7.20%.
Can I repay the loan early?
Many of the providers we work with will allow you to pay back your loan early.
What information will I have to give you?
For myloan all that we require is you provide us with your name, telephone number and email address. The lender may require more information such as proof of income and identification. This varies from firm to firm but generally this will all be pretty straight forward.