Debt restructuring is one of the methods of getting out of debt is. It is an agreement between the debtor and the creditor in which either the debtor is given an extension on the repayment due date or the amount of the debt or fees is reduced a little to let the debtor maintain his liquidity. Choosing to opt for debt restructuring is often considered to be a better option than bankruptcy. Such a process requires immense planning and strategising on our part to ensure that our customers do not feel helpless. We welcome you to negotiate for debt restructuring if you have having difficulty with your repayment.
|Borrower’s Annual Income||Singapore/Permanent Residents||Foreigners|
|Less than $10,000||$3000||$500|
|Between $10,000 to $20,000||$3000||$3000|
|Greater than $20,000||6X monthly income||6X monthly income|
We offer personal loans with longer tenures to help borrowers manage their repayment schedules. We firmly believe that loans and financing should help borrowers with their problems rather than becoming a financial burden. Longer tenures will greatly relieve borrowers from their monthly debt obligations.
Our Competitive Pricing model will allow borrowers with good repayment behavior to benefit from lower interest rates and fees. By offering cross-branch repayment and various repayment channels to maximize convenience, we encourage all borrowers to make timely repayments to enjoy our Competitive Pricing.
A loan is not a permanent solution to your cash flow problems. Accredit Moneylender offers you short term solutions to your cash management. We advise you to engage in proper financial planning to make sure you do not become debt-ridden.
You are legally obligated to repay the amount that you borrow, as per your repayment plan. Defaulting might result in a decline in your credit worthiness. Never borrow more than you can afford to repay. Our consultants will help you work out a manageable repayment plan.
Unlicensed Moneylenders, or Loan Sharks, are rampant these days. Please exercise your caution when dealing with a loan source you are unfamiliar with. You are encouraged to check with the Ministry of Law’s List of Licensed Moneylenders in Singapore to ensure you are dealing with a legitimate source.