Debt Consolidation Loans
Repayments and financial commitments always carry the risk of snow-balling very quickly, if you aren’t meticulous enough with the payments. Default on a few and you could soon find yourself with financial burdens that are beyond what you can handle, leaving you with a daunting task of repaying high amounts to multiple creditors. It is for circumstances such as this, that Majestic Credit has the specific service of a Consolidation Loan.
As opposed to paying off the minimum amount for each debt every month and wondering which creditor will charge you more for a late interest or late fee, we provide you with the option of consolidating all your debts into one easy to manage monthly repayment with a reduced interest rate. Such a service aims to provide you with an effective and affordable solution to all your financial commitments. Instead of constantly worrying about whom to pay next, let us help you in providing you with the stability and peace that you seek in your financial matters.
Borrow up to 4X of your salary
Short-term/pay day repayment dates
Fixed and low interest rates
Flexible loan structures
High approval rate
Swift and efficient
What is the loan Process?
1.
Fill up loan application
2.
Verify borrower's employment
3.
Review borrower's credit report
4.
Submit any additional documents if needed
5.
Allow underwriter to approve or deny loan request
Sample Representation on how the Repayment are Calculated
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For Salary EmployeesCitizenship: Singaporean & Permanent Residents Age: 21 – 65 Employment Status: Full-time or Self-employed Documents needed: NRIC/FIN/Passport Official company payslip – 1 Month minimum Official CPF Statement containing a record of contribution – 3 months minimum Latest Income Tax assessment record
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For Commission-based EmployeesCitizenship: Singaporean & Permanent Residents Age: 21 – 65 Employment Status: Full-time or Self-employed Minimum requirements: Your current line of work should be a sales role, such as Business Development, Client Services or related Agents involved in insurance and real estate are welcome to apply You are part of a legitimate company Your commission reflects the company’s sustainable marketing model For Self employed Required Documents: ACRA Documents Minimum 2 months of company bank statements Corporate and income Tax assessment
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For Self-Employed IndividualsYou are eligible if you are a business owner who may or may not be part of the following: A sole proprietorship, or Limited Liability Partnership (LLP) A private limited company A corporation