Please help,20k Loan

[The30T]

Hi,My monthly salary is 2.3k before CPF
Is this possible to get 20k instalment loan in 5 years in 1 bank. OR I have to split into 2 banks?
TIA

 

[stemcell]

Split. But definitely more than 2 banks.

 

[lusunshine]

For annual income between 20K to 30K, not every banks give personal loan (like citi, hsbc). For those OK banks (like the 3 locals), only up to 2x salary limit. You need to borrow from at least 5 different banks.

 

[CrimsonP]

what's the loan for? study?

 

[knightdreamer]

Hi,My monthly salary is 2.3k before CPF
Is this possible to get 20k instalment loan in 5 years in 1 bank. OR I have to split into 2 banks?
TIA

You should tell us what is the loan for so that we can give better advise.

Anyway if is 20k to 30k, can you borrow half of the amount from parents or relatives?and the rest borrow from banks. I know is sound hard to ask but well that why they are related to you. Think about the amount of interests you have to pay over the five years.

My point here is try to reduce the amount of money that you need to borrow from banks, in this way you also reduce the number of banks required.")

Hope this helps.