Frequently Asked Questions
Frequent Questions
Frequently Asked Questions
General Enquiries
FUNDREGO functions as an intermediary between the borrower and loan providers. Our role is to assist you in securing the most suitable loan based on your individual or business circumstances. When you submit a loan application on www.fundrego.sg, you gain access to personalized loan offers from various banks and financial institutions. We facilitate the comparison of these offers and provide support throughout the entire process, up to the disbursement with the chosen loan provider. In short, we streamline your loan process, handling all the complexities to ensure that your financial needs are met.
FUNDREGO does not directly offer loans. Instead, we collaborate with numerous banks and financial institutions to ensure that our customers have access to a wide range of loan offers from various providers.
We prioritize your privacy and the safeguarding of your data. We refrain from sharing any information pertaining to you as an individual, business or your application, except when absolutely necessary in the pursuit of securing the best possible loan offer for you. Furthermore, all the banks and financial institutions we collaborate with are legally bound to adhere to Singapore's privacy laws.
FUNDREGO PTE LTD operates in accordance with regulatory standards and is duly registered under ACRA with the UEN 202348668N. Additionally, we are members of the Singapore FinTech Association. Our operations strictly comply with regulatory requirements. It's important to note that as we are not a loan provider, we do not require a license to conduct our business.
We assist you in discovering the most favorable loan offers, eliminating the need for multiple applications with different lenders. We recognize that individuals and businesses have distinct financial circumstances, and we are dedicated to providing tailored assistance based on your situation. The loan application process with FUNDREGO is straightforward, requiring only a few minutes. Furthermore, there is no obligation on your part to accept any of the offers presented to you.
It's straightforward. Click here to begin your loan application.
The final approval of a loan is always subjected to the internal requirements, processes, and eligibility criteria of each individual loan provider. Consequently, assessing your eligibility for a loan before applying with us is challenging. Our extensive network enhances your likelihood of securing a loan; if one financial institution rejects your application, there remains a substantial chance of approval from others.
Even if you have a poor repayment conducts record, you can still apply through us. We collaborate with financial institutions that may offer assistance. However, if you have outstanding debts with both banks and financial institutions, your prospects of securing a loan will be notably diminished. Despite this, we encourage you to submit your application with us. With FUNDREGO, we assure you that your application will be thoroughly reviewed to gain a comprehensive understanding of your financial situation and better serve you.
For individuals with existing loans, rest assured that we have successfully assisted many customers in similar situations, making FUNDREGO the right place for your financial needs.
The key distinction between FUNDREGO and other loan comparison services lies in the delivery of personalized offers from loan providers through our platform. We tailor these offers based on your unique situation. Additionally, FUNDREGO will assign personalized relationship managers throughout the entire loan application process to assist you. If you have any questions regarding the application process, loan offers, or banks, we are always ready to answer your enquiries.
We are continually open to collaborations to enhance our network. Please send us an email at info@fundrego.sg, and we will get in touch with you promptly to explore the potential for a partnership.
Interest rates available are determined by the specifics of your loan application, including conditions such as interest rate, duration, processing charges, etc. Predicting the exact interest rate before submitting your application can be challenging. It's important to note that interest rates can vary significantly based on factors like loan amount, duration, and among different banks and financial institutions. Therefore, it is advisable to thoroughly assess all the offers presented to you before selecting the one that best suits your needs.
PERSONAL LOAN
The final approval of a loan depends on the internal regulations, procedures, and eligibility standards of each loan source. Therefore, determining eligibility for a specific loan prior to using our application form is challenging. We enhance your chances of loan approval by collaborating with multiple banks and financial institutions. Even if one bank rejects your application, you still have a strong chance of approval from others.
However, to apply for a personal loan with FUNDREGO, you must meet these minimum requirements:
- You must be between the ages of 18 and 70.
- You must have a monthly salary of at least $1,200.
- You must be a Singaporean with a salary, a PR, or an EP holder.
There is a possibility with property assets collateral, and FUNDREGO will assist you with this.
The amount you can borrow is based on your yearly income. In Singapore, banks allow you to borrow up to eight times your monthly income, and licensed money lenders allow up to six times your monthly wage.
For personal loans, non-bank lenders can process applications in a shorter timeframe, often within 12 hours. In contrast, bank applications may take longer due to an extended assessment period.
Absolutely. Your application carries no obligation, and you are free to reject any and all offers made to you.
The loan conditions, including interest rate, duration, processing charges, etc., are determined by the particulars of your application. Predicting the interest rate before filing your application is challenging. Keep in mind that interest rates may vary based on the loan amount, duration, and across different banks and financial organizations. Before selecting an offer, be sure to evaluate all offers presented to you.
BUSINESS LOANS
Yes, you can. However, securing your desired financing amount may be more challenging. Many financial institutions in Singapore prefer lending to companies with at least 12 months of operation to assess their financial track records. Despite this, we collaborate with some lenders specializing in providing small, short-term unsecured loans for new companies. Alternatively, if you can pledge collateral such as properties, business financing can be more easily obtained.
We take your privacy seriously. Your contact details (company name, director’s name, number, etc) are only shared with interested relationship managers handling your business loan request.
Unfortunately, no. Currently, FUNDREGO exclusively operates in Singapore and collaborates only with financial institutions with local operations. Most of these institutions can only support locally incorporated SMEs. However, expansion plans into other countries are on our agenda for the near future.
- The required documents are standard across most banks and lenders and include the following:
- Past 6 months' bank statements
- Financial statements for the past 2 years (Management Accounts are acceptable)
- CBS report for the guarantor(s)
- Personal Notice of Assessment for the 2 latest years for the guarantor(s)
Non-bank lenders can process applications in a shorter timeframe, often within 1 to 7 days. In contrast, bank applications may take up to 1 month due to a more extended assessment period.
FUNDREGO offers professional advice tailored to your company's situation. We provide industry-specific guidance to enhance sales and reduce expenses, ultimately benefiting your company. Our extensive network allows us to assist with various finance facilities tailored to different industries
MORTGAGE LOANS
FUNDREGO assists you in comparing home loan offers from all Singaporean banks and financial institutions. We have access to exclusive rates and packages not available to the general public due to our longstanding connections with partners. Collaborating with reputable banks and legal entities, we ensure a quick and easy home loan application process for our clients. By utilizing our service at no cost, you gain access to various banks and financial institutions.
FUNDREGO can help you secure the best interest rates for HDB, private residential properties, commercial, and industrial properties loans.
It's a good time to refinance if your lock-in and claw-back periods for your mortgage loan are ending or if there is a significant difference between your loan interest rate and current market rates. If unsure, feel free to reach out to us for a free consultation.
No, you can rest assured as our mortgage loan service is absolutely free with no hidden charges.
It's simple and easy; just click here to start your mortgage loan application. We will guide you every step of the way.