MoneyDuck Experts
Waiting for your Request!
Forum
Last updated: 

Can hospitals offer loans?

A friend of mine has a son who became an outpatient last night due to a car accident. The car he was riding unfortunately loses its brakes. Him, together with other passengers were rushed to the Emergency Room. My friend cannot afford to pay the bills since it went up to the roof due to thesurgery that has been done to his son. While in the counter, an emergency staff walked up to her and offered a bank that offers on-the-spot loans because it is in partnership with the hospital.

User comments

  • user image

    No Name

    It is better to not take the loan and just borrow from someone you know because loans that happened in the hospitals makes those persons vulnerable. Most likely, there will be no contracts or whatever because the hospital is taking advantage of the situation of those who are in need. Most of those loans will surely have high interests that will make you free from your debt to the hospital but not from the bank which is the partner of the hospital.

    2020.03.24 15:44

Please leave your knowledge and opinion!

Related Products

Related Articles

Related Forums

Can I transfer money to the bank from my credit card?

I don't think most credit cards provide the ability to transfer funds to a bank account. However, I think it is possible to withdraw cash with cash advance.

Buying a car

I took a two-wheeler loan from Shriram city and buy my personal bike. loans are such a headache but if your loan provider charges low interest then people easily tolerate it.

Would it be legal to get a loan and then use it as a lending money thing?

It was technically legal because you will be the one to handle the money that you have loaned which means that you can do whatever you want to do with the money that is loaned. Just make sure that no law will be violated, specifically the loan shark law which is asking for an interest that is greater than 15% of the other loans. If this law has been violated, all the charges will be refunded and it will just bring hassle.

Can loan money be used for damage compensation?

An incident like this usually happens and as a museum goer, you are not obliged to pay the damage. You can report what had happened to the museum attendant and they will let you leave. After the incident report, an insurance company will send a representative to inspect the workplace and evaluate the damage. They will obtain a proposal for the repair to a conservator.

Will I still pay to the loan shark if ever I die?

Technically, there is still debt left and you owe money to the loan shark. One of your relative will stand as your guarantor and he or she will be the one responsible for your unpaid debts. Make sure to let them know so that they are always prepared whatever happens. Also, it is better to pay in full amount because it will not increase if there is nothing left, no interest will be added since there is no more unpaid debt.

Tomorrow is my marriage with my lovely girlfriend. But today my company, house and my all property have been seized through government due to a lot of loans. So now what will happen next with me?

It's a very difficult and dangerous situation for you. Because your whole life is going to turn into a dark night. But you must need to control yourself with patience. And ahead, you've not to do anything at this moment. Because some such moment does in our life. At that moment, we've to stay totally silent which to better for us. Okay then, let's talk about your situation, you shut up totally, don't lose control of yourself, don't take tension. You get became relaxed and cool. Because it will help in fighting your situation. Again let's talk about what will happen next. First of all, if your girlfriend does true love with you so she will stay with you. Otherwise, she will go by leaving you. And in a few moments, you'll come on land from the sky. Where on you'll have to alone again as before. But everyone and everything can leave you. But one thing can't leave you on any turn and nor in any situation. That is. Your experience, your will power your goals and your mindset. Which these things will go ahead by taking you. Because you're forgetting that you did start from the same situation. Hence you can start again from here.

Related Providers

Related Reviews

One other good thing CIMB credit cards have is that there are no annual fees

The CIMB CashLite personal loan is based on your available credit card credit limit therefore you have to be a CIMB cardholder to apply for it. One other good thing CIMB credit cards have is that there are no annual fees but CIMB doesn’t publish their interest rates online. The actual interest rate is personalised based on your risk profile and credit history so you might very well end up with a higher interest rate than advertised.

CIMB CashLite / CIMB Bank Berhad Singapore Branch

You can actually apply for a credit card and personal loan at the same time

To apply for a UOB Personal Loan, you’ll need either a UOB CashPlus account or UOB credit card as UOB draws from your credit card limit. If you’re new to UOB, you can apply for a credit card and personal loan at the same time but note that terms & conditions like the fee schedule of the credit card will also apply to your UOB Personal Loan. UOB bank is one of the few banks that provide instant approval for personal loans for submissions between 7am to 8pm by new UOB customers.

UOB Personal Loan / United Overseas Bank

DBS personal loans are based on either your credit card or personal line of credit

DBS personal loans are based on either your credit card or personal line of credit. Thus if you have DBS credit card or DBS Cashline and a DBS deposit account, you can apply through internet banking and get your loan processed immediately and credited instantly into your account. However if you don’t have a DBS credit card you can still get this loan, but you will have to furnish your income documents and obviously you won’t get the funds right away

DBS Personal Loan / DBS Bank

MoneySmart exclusive rate of 3.5% (7.27% p.a.) for new loan customers with only 1% processing fee

The OCBC ExtraCash Loan is a true personal loan as it allows you to borrow up to 6X your monthly salary. However, I must warn that the interest rate is kinda high. If you don’t require that much money, I recommend that you consider the OCBC Cash-on-Instalments loan which is slightly cheaper. However currently with OCBC personal loan, you can get a MoneySmart exclusive rate of 3.5% (7.27% p.a.) for new loan customers with only 1% processing fee. For existing loan customers, you pay an interest of 4.7% p.a. (EIR 9.46% p.a.).

OCBC ExtraCash Loan / Oversea-Chinese Banking Corporation

Sign up for CreditAble in order to cash your credit line using the Maybank CreditAble Term Loan

Maybank does not exactly offer a proper personal loan in itself but its term loan is linked to its personal credit line product. You just need to sign up for CreditAble in order to cash your credit line using the Maybank CreditAble Term Loan but note the terms & conditions and annual fee however. In my personal opinion, the loan amount is small while the interest is high, so it may be best to avoid this one.

Maybank Personal Loan / Maybank Singapore

Apply for a Citi Quick Cash to pay for urgent expenses such as medical bills and business expenses,

One can us the Citi Quick Cash for big ticket purchases and projects like home renovations while you can basically use the Citi Quick Cash for any type of expenses. On the other hand, you can also apply for a Citi Quick Cash to pay for urgent expenses such as medical bills, business expenses, unexpected repairs and much more. With Citi Quick Cash, the possibilities are in fact endless. You can also convert your unutilised credit limit to cash in your Citi Deposit Account in 60 seconds. A major plus is that you can get the cash on your terms and anytime on your mobile phone and repay with plans up to 60 months. No documents required and no hidden fees.

Citi Quick Cash / Citibank Singapore

Trending topics