Loan Questions & Answers
Common loan questions answered
How much can I borrow?
For secured loans, you can obtain a loan of any amount. For unsecured loans, you can obtain:
- Up to $3,000, if your annual income is less than $20,000;
- Up to 2 months’ income, if your annual income is $20,000 or more but less than $30,000;
- Up to 4 months’ income, if your annual income is $30,000 or more but less than $120,000; and
- Any amount, if your annual income is $120,000 or more.
Once I pay off a loan, how soon can I receive another loan?
If you pay by bank transfer, as soon as we verify that your payment has been received in our bank account, you can apply for a new loan immediately.
What if I can’t repay my loan on the due date?
If you can’t repay the full amount of your loan on the due date, you may want to request for a loan extension by contacting our customer service team via phone. If you do not qualify for an extension, you must contact us immediately to set up payment arrangements.
What if I want to pay off my loan early?
Early repayment is always an option at Empire Global . Simply contact us via phone if you want to pay your loan off early. You may contact our Customer Service Team to discuss your repayment options.
How do I know that my loan has been approved?
You will receive a call from our friendly customer services executive once your loan has been approved. We will then arrange for you to come down our office to receive the loan amount and complete the paper work.
How do I make a Repayment to my loan?
The standard payment method is through General Interbank Recurring Order (GIRO). Alternatively, you can opt for bank transfer/wire to our designated accounts or pay cash direct at our office at Bishan.
Will I be granted a loan from Empire Global if I have bad credit ratings?
We understand your scenario for bad credit ratings and we will review the situation and grant loans based on case by case basis. We try our utmost to customise a loan package that suits your financial ability.
What kinds of repayment plans are available?
At Empire Global we have a different loan repayment plans to suit different needs. of plans. Some common ones are weekly, bi-weekly, monthly instalment plans. During a loan application with our loan officer, do state your preferred repayment plan and we will advise accordingly to your case scenario.
If my loan is approved, can I reject it?
Yes you can reject your own loan. You have no obligation to take up a loan with us and Empire Global does not use hard sell techniques to want you to be our loan customer. Instead we provide sound advice and a consultation should you have any further enquires.
I am a discharged bankrupt. Do i qualify to take up a loan?
Yes! As long as you are indeed discharged from bankruptcy, you are qualified to take up a loan.
Are you a legally licensed money lender?
Yes. Empire Global SG is a Professional Licensed Money Lending Company approved by IPTO (Registry of Moneylenders) in Singapore. Helping our customers cope with the financial emergencies in life through a comprehensive range of loans services available.
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