Loan sharks are illegal, unregulated, and dangerous. They prey on desperate people by offering quick cash at exorbitant interest rates and often resort to harassment and violence when the borrowers can’t make repayments. If you’re in Singapore and need a loan but don’t want to fall victim to loan sharks, you don’t have to worry. Oasis Credit is a licensed moneylender that offers safe and affordable loans to Singaporeans and foreigners alike. In this blog post, we’ll tell you all about Oasis Credit, how to apply for their loans, and why it’s better than dealing with loan sharks.
First and foremost, it’s important to understand the difference between licensed moneylenders like Oasis Credit and loan sharks. Loan sharks operate outside the law and are not bound by regulations that govern licensed moneylenders. Therefore, loan sharks can charge extremely high interest rates, sometimes up to 1,000% per annum, and can use illegal means to collect debts such as intimidation, violence, and harassment. On the other hand, licensed moneylenders like Oasis Credit are governed by the rules set forth by the Ministry of Law and can only charge up to 4% interest per month. They also have to comply with strict guidelines on advertising, loan approval, and debt collection.
If you’re considering taking a loan from Oasis Credit, there are a few things you need to know. Firstly, they offer different types of loans to suit your specific needs. Their personal loans range from $500 to $100,000 and can be repaid over a period of 1 to 12 months. You can also choose between secured and unsecured loans depending on whether you have collateral to put up. Oasis Credit also offers business loans, foreigner loans, and payday loans for those who need smaller amounts of cash to tide them over until their next paycheck.
Secondly, applying for a loan from Oasis Credit is easy and hassle-free. You can do it online by filling out a simple application form or visiting one of their branches in person. The approval process is quick, and you can get your cash on the same day if your loan application is approved. Additionally, Oasis Credit does not require any collateral for their unsecured loans, nor do they charge any upfront fees. All they ask for is proof of income and residency, as well as your NRIC or passport.
Thirdly, borrowing from Oasis Credit is much safer and more affordable than dealing with loan sharks. Oasis Credit is a legal and reputable moneylender that has been in business since 2009 and has helped thousands of satisfied customers. Their interest rates are transparent and reasonable, and they have no hidden charges or penalties. Unlike loan sharks, Oasis Credit also offers flexible repayment schedules that can be tailored to your financial situation. They also have a professional and friendly customer service team that is always ready to assist you with any questions or concerns.
In summary, loan sharks are a threat to your financial and personal well-being. They offer quick cash but at a steep price that often leads to a debt spiral. Oasis Credit, on the other hand, is a licensed moneylender that provides safe and affordable loans to those who need it. With Oasis Credit, you get transparent interest rates, flexible repayment schedules, and a professional and reliable service. Don’t let loan sharks take advantage of you. Say no to loan sharks and opt for a loan from Oasis Credit.