Personal Line Of Credit? Your preferred choice!

Personal Line of Credit / Personal Loan


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Jun 27, 2007
127
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34
Singapore
#1
Hi guys,

Just wondering,
Which bank offer the best "Personal Line Of Credit" currently?
 

NitroTech

New Member
Apr 4, 2002
546
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43
In Paradise
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#6
Ya, it's true...
but most of the people may get personal loan whether they're buying homes, renovating homes, etc...
So this is just to see what most of the people prefer.. ;)
For my reno loan I chose DBS. Actually no preference, just that at that time DBS was the only bank that I had internet banking with and it made paid paying off the loan easier. For reno loans most banks offer around the same interest rates, so it'll be a tough choice.

My car loan also DBS. Waiting for the 3 year mark so I can pay up the loan in full without incurring a penalty.

For my housing loan I didn't have to borrow from bank......... cos I got the loan from HDB..... :bsmilie: Best!! fixed interest rate throughout the 30 years!! HAHAHA!!

But if you're thinking of getting a personal line of credit to buy stuff like cameras etc, please don't. It doesn;t make sense.
 

Gunbucker

New Member
Sep 14, 2005
1,066
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East Coast
sanzaw.smugmug.com
#10
Hi guys,

Just wondering,
Which bank offer the best "Personal Line Of Credit" currently?
None.

I get at least 2 to 3 calls a week from various banks claiming to be offering the best deals in town.

Granted, there was a time when I was cash-strapped and fell hook, line and sinker into the line of credit thing. To keep a long story short, steer clear of these "seemingly good deals". :thumbsd:
 

Mar 12, 2006
911
1
0
Jurong West
#11
Loan for house, ok (HDB best).

Loan for car, ok (if you really need one and financially comfortable)

Personal line of credit, no need. At most 1 credit card for the odd time you need for holiday hotel booking etc..

Cash is best. No money then save up. Many of us have experience it bad when we are less mature then. The people in their early 20s are their targets for such unsecured loan. Waiting you to fall.
 

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