Each and every day is bringing in a new uncertainty about Covid-19 pandemic. As it continues to ravage the world – When will it be finally over, will the second wave of infections be deadlier, will the recession be even worse? – These and many other questions are looming over entire mankind. Singaporeans are no exception! While we are slowly exiting Circuitbreaker and resuming routine life, there are challenges like unpaid leaves, pay cuts, salary freezes, job losses, business closures to disturb our peace of mind. In this #newnormal, we are not sure about how finances will work in our favor.
During this period, managing personal finances is difficult. The easiest alternative to support dwindling finances is to take loans. But from whom to take loans? Are we doing it correctly? To take disadvantage of our confusion and weakened state of mind, unlicensed money lenders and scammers are always on the prowl. Do you receive random messages asking you to take loans now a days? I get at least 2-3 messages every day from unknown numbers asking me to take personal loans.
It’s extremely necessary that we are extra careful when it comes to personal loans and that’s why I have always relied on Moneysmart’s Personal Loans resources.
Let me list down the reasons why I refer to Moneysmart’s Personal Loans resources:
- Moneysmart has an amazing collection of information on their site that makes understanding the nitty-gritty of Personal Loans very easy even for a layperson. Click here to know what is the difference between taking Personal Loans From Licensed Moneylenders vs Borrowing From Banks. I personally believe that personal loans act as a much needed cushion to soften the impact of Covid-19 and resulting job and business challenges. However, when it comes to taking personal loans, we have to ensure that we are taking personal loans from trusted sources.
- I learnt from Moneysmart that rather than taking loans from multiple places and mounting our credit card bills, we can opt for a debt consolidation plan which is a simple repayment scheme that allows you to bring together all of your outstanding unsecured debt into one big loan with just one bank. I have opted for this before and it just makes repayment and debt management very straightforward.
- Another useful online feature that I tried recently on Moneysmart is the comparison between the interest rates offered by various banks. It also lets you apply online instantly which I found quite handy. Check it out here and am sure it will really make it convenient for you to zero in on the right personal loan option for your requirements.
- Last but not the least, Moneysmart’s website provides smooth navigation, searches and clear information. I have been using it for quite a few years for my financial decision-making.
Covid-19 has presented itself as an unprecedented situation and the threats that it has posed are not easy to counter. With the right tools like Moneysmart, we can always find viable options of personal loans to ease the financial burden the right way! Stay safe, stay financially healthy.
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We should be more cautious and alert as we all are facing financial crisis because of covid-19
Great to know about this Moneysmart because during this pandemic we all have to plan properly to handle any kind of economic crisis
Moneysmart sounds like a saviour app from your experience in dealing with finance .I like that we get comparioco between banks that give more clear picture
Quite an informative post and much needed in these difficult times where we need to be extra careful with our finances too
Money smart looks best for the loan. It looks like a best platform for choosing the right loan. Great thoughts.
This is great information & much needed guidance in times of financial distress. I would definitely reach out & seek help
Money smart personal loa resources looks really good. I wonder how people of Singapore are staying financially healthy
With so many banks and financial companies vying with each other,it sometimes becomes really difficult to understand the fine print when it comes to Personal Loans. Moneysmart seems to be a good resource important information.
This post is very informative as we all are going through un predicting time coz of corona, comparing interest rates from different banks seems a great option before investing money
Yes, we need to take loans, especially personal loans to lessen our personal burden. We should be very careful while taking loans. Moneysmart obviously a good choice.
We were looking to get some personal loan and where not sure from where to get but now I know it is Moneysmart.
Money smart personal loa resources looks really good. I wonder how people of Singapore are staying financially healthy.
We all need to be extra cautious since we’re all are facing financial crisis due to covid this will be very helpful
moneysmart is a real nice tool during unpredictable situation of covid-19.. It helpful in ease the financial burden… thanks for the detail post