Business Loans
A successfully running business is the bread and butter of every individual in today’s society. However, depending on the nature of your business, operations may not always be a smooth sailing road. Whether you’re an aspiring entrepreneur or an owner of a self-managed business who’s trying to enhance the growth of your operations, running a business or trying to establish one can present an array of obstacles at times.
At Majestic Credit, we understand how vital a business is to each and every entrepreneur and manager, which is why we have made it a point to provide you with a variety of solutions under our Business Loans category. To enable you to pick the one that will benefit you the most and then allow us to instil our guidance and assistance from there, ultimately ensuring that your business, whether an already established one or a start-up one, receives the best possible financial platform that it can in order to build its success upon.
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