Take loans for immediate, necessary expenses like a car or property loan, rather than for speculative reasons or anticipated needs, advises our guest.
cards interface. Give it a try.From home renovation to purchasing a car and buying a house, what types of loans are available in Singapore and what should you look out for?Your mortgage payments should not exceed one-third of your monthly income. Jenn Ong, head of retail at GXS Bank:I'll give you an example, a broken kitchen sink, you need to fix it.
Like I said, taking a loan, on the surface, sounds like a taboo, but if you think about it, everybody takes a housing loan.Correct. People take car loans. So these are all utilitarian needs that you have, and then you need to take a loan. One of the biggest things to think about when taking a loan is the ability to pay back. If I take a loan and don't pay back, I'll be in trouble.
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