1. Why to lend small amounts from
Money lenders
In order to understand why to lend money from moneylender, we must first understand
their task. A Moneylender is a single person or group of people who lend money to offer
help to the people in need. They do apply high rate of interest and this process involves less
access to banking activities. This becomes very helpful for people who are borrowers and do
not have good credit history.
The money lend by these lender highly depends on your requirement. Nevertheless, they
lend money only after checking your financial conditions. They also check through the cause
of taking this loan. For example
Start up Business
You need a lot of money in this case as you need to hire people, buy office equipment,
promote your brand etc. Through these loans, the entrepreneurs put a pause to their initial
financial problems and need not always count on personal credit or savings.
Credit Profile
Whenever you apply for a new loan, anyone would check your past record. Even money
lenders check your previous credit before sanctioning the loan. Once you take loan for
starting a business and repay it to the moneylenders then it improves your credit profile.
This will also increase your credibility for future loans.
Repayment Option
Different Repayment Options are provided for different loans. The repayment option also
depends on the person’s capability. The money lenders give an option to payback loan in
small instalments like fewer amounts while facing initial losses. When the borrower’s
company is established then the borrower can repay the further loan.

2. The best part of lending money from money lenders rather than a family or friend is that
you can maintain your relation and will not have any clashes among yourselves.
Golden Credit is one of the leading loan companies in Singapore and specializes in
offering monetary help during the fiscal crisis in quick and hassle-free manner. Their
services are 100% transparent, unbiased and come without any hidden clauses. For further
information on personal loans and getting a free online quote, visit Golden Credit.