In my current situation, I have a lot of debt to pay in Singapore. I used up my credit cards at its limit and now I am bankrupt. I am now leaving this country for my safety and to find another path for me to redeem. I do not have any choice, I will sure leave this area and go abroad. What will happen to me?
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Maybank charges a much higher interest rate of 3.25% for its car loans than other lenders in Singapore, making it a less affordable option however, borrowers that are unable to obtain a car loan from other banks may want to keep Maybank in mind as a an alternative to other lenders. It is also worth noting that Maybank offers Islamic auto financing, which may be of interest to prospective borrowers.
Maybank Car Loans Singapore / Maybank Singapore
The Standard Chartered car loan calculator allows for the calculation of monthly payments you’ll need to make if you take up a car loan. Simply indicate the car type, enter the required loan amount, loan term and click “Calculate”. You should remember to always consider if you’ll be financially comfortable to meet up payment for the projected monthly instalments while still meeting your basic needs before committing to a car purchase.
Standard Chartered Auto Financing / Standard Chartered Bank Singapore
Even as it was my first time dealing with them the customer service staff were very friendly and helpful delivering on a fast and smooth transaction processing time. On my second time using them I was not disappointed too as I had a very pleasant transaction and would gladly recommend them to my friends and family. Trusted dealer!
Asia Carz Credit Car Loan / Asia Carz Credit
What makes Auto Credit Express unique is that they have created one of the largest networks of auto dealers that specialize in financing auto loans for different types of credit profiles. You can get an auto loan for a new or used car by getting funding within a few days by applying for a loan in 3 minutes and enjoy phone support is fast and friendly
U Credit Car Loan / U Credit
DBS charges interest rate of 2.28% for its car loans to individuals that apply online and that is the lowest rate offered for both new and used car loans in Singapore. In my opinion this makes DBS the most affordable option for those that require financing in order to purchase a vehicle. It is also worth noting that DBS is currently offering an even lower rate for the purchase of used cars (1.99% p.a.) in a promotion.
DBS Car Loan / DBS Bank
This car loan is a no-no for individuals seeking the cheapest car loan or borrowers seeking to refinance their existing car loan as interest rates of 2.78% and 2.98% don’t come cheap. Irrespective, UOB could be a good backup source of car financing for individuals that are not approved for loans from other banks. Additionally, the bank is unique because it offers flexible car loan repayment schemes and Certificate of Entitlement (COE) loans for used cars.
UOB Car Loan / United Overseas Bank
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In the situation that the amount owed to all of your creditors is at least $10,000, you can be made bankrupt in Singapore. The problem however isn’t just being declared bankrupt. The Official Assignee then seizes your belongings which in Singapore can include, property, tools of your trade, property held in trust for someone else, and even clothing and furniture. In fact, the any property can basically be seized including future property that the bankrupt person may come into possession in the future.