Lenders offering a payday loan in Singapore are in the business of making a profit by helping others cover expenses between paychecks. When something needs to be paid for right away and the paycheck is simply going to arrive too late, these lenders will extend short term loans to allow consumers to make ends meet. The catch is that the lender makes a profit by charging interest on the loan. This is the same that all banks do when extending loans, but the terms are different.
Payday loans are short term loans, so they have to be paid back with … Reading more