Personal Loans
Having to balance your personal needs along with family or financial commitments with a limited salary can often be a daunting task to live up to on a constant basis. Especially when an important or emergency need for extra funds arises, trying to cope with everything under a limited budget can truly be a struggle. This is why Majestic Credit provides you with a variety of carefully structured personal loans according to your suitability to help you fulfil your needs and to have a peaceful mind.
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