Here are the answers to your questions
What is loan broker?
A loan broker acts as an intermediary between borrowers and lenders. We specialise in finding the best loan options for our clients, negotiating terms, and assisting with the application process to secure financing.
How does a loan broker differ from a direct lender?
Unlike direct lenders who provide loans using their own funds, A loan broker offers a variety of loan options from multiple lenders. This allows you to compare and choose the best loan terms and rates available in the market.
What types of loans can a loan broker help me with?
We can assist with a wide range of loans, including personal loans, home loans, business loans, and refinancing options. Our services cater to both individuals and businesses in Singapore.
What are the cost involved?
Assessment is Free of Charge! No Deposit or Downpayment is required for the service. However, We do charge a reasonable service fee that will be agreed with both parties before submission. Fees are only chargeable upon approval of agreed facilities.
How long do i need to wait for disbursement of loans?
Personal Loan: Same Day - 3 Days Digital Business Banking Loans: Same Day - 3 Days Traditional Business Banking Loans: 14-21 Days
What should i consider before taking out a loan?
Consider your ability to repay the loan, the interest rate, loan term, and any fees or penalties for early closure. It's important to choose an amount that fits your monthly repayment commitment.
How does applying loan affects my CBS Grading?
Each application with banks, an enquiry will be clocked, multiple enquiries over a short period of time will increase credit risk exposure, and hence dropping your credit scoring. At Trusta, we will assess and only submit to qualified facilities.
I was rejected by many banks, How can Trusta help?
Trusta understands the criteria of every bank and funders. Trusta also work closely with bankers from respective banks who will score your application first before submitting to credit departments.
I worked with brokers before but results were of unsatisfactory. how can Trusta help?
Apart from business banking, Trusta is #1 firm in assessing your personal financing position as a guarantor for the loan. In. addition to business statements, We will also advise on BTI, TDSR, CBS optimising and repair. Trusta also has a wide range of alternative Lendings, should you not be qualified for banks at the moment.
I run a small business and do not possess an active company bank statement, How can Trusta help?
The are 7 products offered by financial institutions that do not require submission of bank statements. Nonetheless, you need to possess a healthy CBS Grading and income Tax Declaration.
I do not possess a high revenue or maintain good balances in my company bank statement. How can Trusta help?
Trusta tie-up with 4 banks to provide you micro-loan, A facility with lowered entry requirements. Trusta may also advise on securing personal financing first for the immediate needs.