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Pay as You Can

If you are able, you should pay off your entire balance each month. This will allow you to avoid the interest. If you can’t pay off the entire month, at least aim for the minimum monthly payment. This will allow you to avoid some of the extra interest costs. That being said, you should always aim to pay more than that so that you will have less to handle the next month.

Don’t Miss Your Deadline

When you miss deadlines for payments, you will be charged quite a large penalty and your credit score will significantly drop. Credit score is vitally important for future loans. Don’t take it lightly.

Utilize Direct Debit

Every time you apply for a credit card, whether you succeed or not, it leaves a mark on your record. When your record is checked for a new credit card, they may reject you simply because you have applied for so many of them in the past.

Utilize the Rewards

Most credit cards provide useful rewards that can help you in one way or another. While certain rewards are tempting, make sure to pick a card that provides ones that are most useful to you. If you tend to fly a lot, a flyers card would be best for you. If the typical rewards are of no use to you, you can always grab a cashback card to get a small percentage of your money back!

Watch for Overseas Charges

When using your credit card overseas, you may get charged a small amount extra. You need to check your credit options for this charge and determine which one has the lowest charge.

Don’t Withdraw Cash

Credit cards are best used directly. Withdrawing cash tends to cause additional charges over and above what you are already spending. Avoid withdrawing cash unless absolutely necessary.

Keep Your Wits About You

Fraud is a serious problem that should be avoided at all costs. Be very careful where you keep your card and when you use it. Don’t let anyone see what is on it, no matter how close they are to you. Never tell anyone your PIN and check your account statements regularly to ensure no one has used your card.

Pay as You Can

If you are able, you should pay off your entire balance each month. This will allow you to avoid the interest. If you can’t pay off the entire month, at least aim for the minimum monthly payment. This will allow you to avoid some of the extra interest costs. That being said, you should always aim to pay more than that so that you will have less to handle the next month.

Don’t Miss Your Deadline

When you miss deadlines for payments, you will be charged quite a large penalty and your credit score will significantly drop. Credit score is vitally important for future loans. Don’t take it lightly.

Utilize Direct Debit

Every time you apply for a credit card, whether you succeed or not, it leaves a mark on your record. When your record is checked for a new credit card, they may reject you simply because you have applied for so many of them in the past.

Utilize the Rewards

Most credit cards provide useful rewards that can help you in one way or another. While certain rewards are tempting, make sure to pick a card that provides ones that are most useful to you. If you tend to fly a lot, a flyers card would be best for you. If the typical rewards are of no use to you, you can always grab a cashback card to get a small percentage of your money back!

Watch for Overseas Charges

When using your credit card overseas, you may get charged a small amount extra. You need to check your credit options for this charge and determine which one has the lowest charge.

Don’t Withdraw Cash

Credit cards are best used directly. Withdrawing cash tends to cause additional charges over and above what you are already spending. Avoid withdrawing cash unless absolutely necessary.

Keep Your Wits About You

Fraud is a serious problem that should be avoided at all costs. Be very careful where you keep your card and when you use it. Don’t let anyone see what is on it, no matter how close they are to you. Never tell anyone your PIN and check your account statements regularly to ensure no one has used your card.

What Exactly is a Home Loan?

A home loan is also known as a mortgage. The loan will be made by a financial institution. These agreements tend to last around 25 to 30 years, requiring your to make repayments every week, fortnight, or month, depending on your choices.

In the event that you cannot make your repayments, the lender can and might force you to sell the property in order to pay them back. Obviously, you should make sure that this will not happen before taking any offers.

What’s the True Cost of a Home loan?

There will be some interest to pay back, typically somewhere around 4-5%. The interest varies based on how many years you choose to repay and the total cost of the loan.

Is it Possible to get a Home Loan with Bad Credit?

It is more difficult to take a loan when you have bad credit. The bank will check your ability to keep up more thoroughly. Most likely, they’ll offer you a smaller loan if they don’t reject you completely.

What Bank Offers the Lowest Rates?

Home loan rates change quite often. This means we can’t name one specific bank. You need to carefully check each option as you search for the lowest interest rates. Check out above comparison dashboard to compare current rates.

When is It Smart to Refinance?

You need to reach your loan’s lock-in period before you can even consider refinancing and you should only do so if you find a better rate. Make sure the new rate will reduce your total repayment amount.

Can Foreigners Get a Home Loan in Singapore?

Foreigners can indeed apply for home loans. Generally they can get loans for private properties but not HDB’s.

Do Home Loans Work for Renovations?

No, you can only use them when buying a new home.

Can I Get a Home Loan for a House Still Under Construction?

Yes, you can get one to use with an apartment or landed property that is still being built. You can even get one before you start building at all.

What is SIBOR?

SIBOR stands for Singapore Interbank Offered Rate. This rate is calculated through the interest rates of lending and borrowing throughout these banks.

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