SINGAPORE, Jan. 06, 2022 (GLOBE NEWSWIRE) — Cash Mart Singapore, a leading name in the lending industry, today announced that it acquired controlgreed.com, one of the web’s leading financial resources for struggling individuals and families.
Controlled Greed aims to inspire its readers to have stable finances and work towards their financial resilience and freedom.
This acquisition is an important step for Cash Mart as it aspires to add even more value in the financial space, particularly in Southeast Asia.
The aim of Cash Mart Singapore is to dedicate space to financial literacy, such as budgeting, saving, responsible borrowing, facts about approved lenders in singapore and invest in undervalued stocks.
Additionally, some content will focus on typical, global investments such as net working capital, low price-to-earnings (P/E) ratios, and book value discounts.
It also covers getting legal payday loans, small business loans, interest calculations, and finding the best loan product for every need.
Cash Mart Singapore hopes this website will serve as a guide for anyone looking to better understand their finances since the name of the website refers to Warren Buffett’s famous words, “You must be driven by controlled greed and fascinated by the process. of investment”.
SINGAPORE LENDERS ACT
The Singapore government has put in place strict parameters around the money lending industry. This is to ensure that the rights of borrowers and lenders are protected.
Unapproved lenders have high interest rates and notorious collection practices. They are called loan sharks or Ah Long.
They defraud and trick people into signing loan contracts with unfair terms and conditions.
On the other hand, approved lenders are supposed to have competitive interest rates and more flexible payment terms. They are required to explain the loan agreement in terms that borrowers can easily understand.
Also, if you get an unsecured loan or an unsecured loan, the lender will have to base your loan amount on what the lenders law allows.
Permanent residents whose annual income does not exceed $20,000 can obtain a loan of up to $3,000.
This is the maximum total loan amount they can borrow from all approved lenders. Suppose a permanent resident has borrowed $1,000 from Approved Lender A. Approved Lender B can then only lend up to $2,000.
Permanent residents who have an annual income of more than $20,000 can obtain a loan amount of up to six times their monthly income.
If the users are foreigners, they can still get a loan from an approved lender. You can get a maximum loan amount of 0 if you earn less than $10,000. If your annual salary is more than $10,000, you can borrow up to $3,000.
Since the loan amount, fees and charges are highly regulated, the industry remains highly competitive and provides borrowers with more options.
ABOUT CASH MART SINGAPORE
Cash Mart Private Limited (CMPL) is a reputable licensed lender with a growing list of loyal customers over the past 50 years.
More than just a lender, Cash Mart aims to be a financial partner that provides a personalized customer experience with flexible loan products.
Based in Balestier, Singapore, Cash Mart is one of the country’s leading lending companies specializing in personalized loans for Singaporeans.
Brand: Cash Mart Singapore
Address: 277 Balestier Road, Singapore 329726
Telephone: +65 6397 4111
Email: [email protected]
THE SOURCE: Cash Mart Singapore