Forum
Last updated: 

Can I get loan even though I have debts?

My business is moving slow at the moment. I have loaned to banks for the expenses that I am experiencing at the moment. Now that the loan in my bank has been paid of. I have still have debts from other loaners. I am planning to loan from banks again can I get a loan even though I have debts in my current situation?

User comments

  • user image

    No Name

    Loans are usually offered by banks. You can get a loan if your pay check is validated by the bank that you are capable of doing a loan. You can also get loans from other agencies, but they have different qualifications. Some agencies do not require pay check but have a legal contract before you get your loan.

    2020.03.24 15:44

Please leave your knowledge and opinion!

Related Forums

I owe my boss

Can creditors sue me for debts if I file for bankruptcy?

Is being a guarantor a practical job?

Can civil suit be taken regardless of private settlement?

I am called to pay my debt earlier than the agreed time.

Hospital preventing a family to leave due to debts

Related Reviews

2% cashback on all contactless payments and 1% on online shopping with no minimum spend

In my opinion, the SAFRA DBS debit card is simply the best debit card. NSF cardholders can get 2% cashback on all contactless payments and 1% on online shopping with no minimum spend. For everyone else, that is non-NSFs, the minimum spend to enjoy these bonus cashback rates is actually $400. But by and large this I believe is worth it in order to reap the full benefits with the card.

SAFRA DBS Debit Card / DBS Bank

For people who buys groceries at NTUC Fairprice

I recommend the OCBC Plus! Visa Debit Card, for people who buys groceries at NTUC Fairprice (practically every Singaporean who’s not on RedMart). The OCBC Plus! Visa Debit Card offers a decent 4% rebate at NTUC FairPrice, Unity and Warehouse Club if you spend $200 outside of the “NTUC network” that month. If you spend $500, and your rebate goes up to 7%, you also get 3% link points when shopping on FaiPrice On. The downside is that the OCBC Plus! Visa Debit Card has an annual fee of $24. This is waived for the first year and subsequently takes $1,200 of spending per year (avg. $100 a month) to waive.

OCBC Plus! VISA Debit Card / Oversea-Chinese Banking Corporation

Supports the NETS FlashPay function to top up and tap for public transport,

The HSBC debit cards have no annual fees and it offers overseas cash withdrawal with no transaction fee at HSBC ATMs. However, this is ONLY for HSBC Advance and Premier Account holders. If you do qualify, the good thing is that HSBC has a strong ATM network in countries like Hong Kong.This card also supports the NETS FlashPay function so you can top up and tap for public transport, you can also link it up with SimplyGo and can be used to withdraw cash from cash points like 7-11, Cold Storage, Guardian and ATMs with “atm5” symbol

HSBC Debit Card / HSBC Bank Singapore

No transaction fee for your cash withdrawal via 24,000 BOC ATMs in Mainland China

With this card there are no currency exchange fees for all RMB transactions through RMB account. Plus enjoy convenience via UnionPay, the largest payment network in China. Interestingly, if the balance on your RMB sub-account is insufficient, the card will deduct from your SGD sub-account based on BOC’s real time exchange rate. There are no transaction fee for your cash withdrawal via 24,000 BOC ATMs in Mainland China for a limited time however.

BOC UnionPay Dual Currency Debit Card / Bank of China

Greater control over foreign currency exchange rates that you get

With UOB Mighty FX, you not only save on additional foreign exchange (FX) conversion fees when you shop on overseas websites, but you also have greater control over the foreign currency exchange rates that you get. UOB Mighty FX allows you to view and exchange with real-time foreign exchange (FX) rates for popular currencies including USD, GBP, Euro, Australian Dollar (AUD) and Japanese Yen (JPY). Some exchange rates offered by UOB Mighty FX are even better than those at popular money changers, so clearly, this can help you save some money.

UOB Mighty FX / United Overseas Bank

An all in one card which provides the convenience of a combined credit and membership card

This is yet another awesome all in one card which provides you with the convenience of a combined credit and membership card with the features that allow you to auto-charge NUSS bills to your Card. It comes with a pleasant complimentary annual fee waiver as long as you’re a NUSS Member. You also earn 2 DBS Rewards Points for every S$5 spend at any of the NUSS F&B outlets, earn 1 DBS Rewards Point for every S$5 you charge to your card island wide.

DBS NUSSU Debit Card / DBS Bank