There comes a time when we are in financial crisis and we urgently need an amount of money to bail us out of the situations we are in. Sometimes the solution is at the tip of our fingers and we are able to bail ourselves out too quickly, while other times we do not totally know what to do and we remain frustrated and disappointed. A financial crisis does not get to those that are poor only. It can get to anyone and it comes at the least expected time.

There have come services called instant money loans that have been to the rescue of so many people who have been in this kind of darkness. However, our focus today shall be the Singapore payday loan, Credit Excel. What are its advantages and limitations? Loans are always very good because they really save serious situations but they come with repercussions and especially if not paid in time.

The Singapore payday loan’s advantage is that it gets processed very fast. However, there are a minimum conditions that make one eligible for it such as the age which is 21 years and above, there is a minimum period for repayment which is 2 months and a maximum which is 12 months. The greatest limitation is that not anyone can apply for it. If you’ve been declared bankrupt, then you cannot get the loan because there is no sound security for that loan. There are also people in dire need of loans and unemployed while this loan is strictly for employed people only.

While the Singapore payday loan, Credit Excel may indeed come to help urgent situations, the limitations are a bit strong compared to the advantage it may have and this may cause many people to consider other alternatives to finance themselves in times of urgency.