Personal Loans & Payday Loans: Perfect Financial Aid for the Small Needs of Singaporeans The trend of short term loans is increasing in Singapore in the present scenario without any second thought. These borrowing are helpful for the individuals for fulfilling their small needs. The loans are being proved to be perfect for the urgent requirements of the individuals. Two prominent types of the short term loans Singapore that are prevalent among the people in today’s scenario include: Personal Loans: The small personal loans Singapore are widely popular among the Singaporeans. These loans are meant for fulfilling the personal requirements of the people. Sometimes, some needs accidently occur, such as vehicle repair, school fees of children, medical emergency and more. If you are unable to fulfill these needs with your limited salary, or through your savings, then you can opt for this option of personal loans. Payday Loans: The fast pay day loans Singapore are also being proved to be helpful for fulfilling the financial needs of the people of this nation. These are the types of debts, which are meant for the people, whose salary has been finished before the next date of salary, but they still have some requirements. These types of loans gained a huge popularity in USA and UK in the past, and today also you can find the trend of these loans in the aforesaid nations. But, apart from them, the trend has been started in Singapore also. The loan is provided to the borrowers for the small time span. Both these types of loans can be acquired from the loan agencies or banks after fulfilling some easy terms and conditions. First, the borrower’s age should not be less than 21. Besides, he/she should be the citizen of Singapore. If you are not a citizen of Singapore, but you have the work permit of this country, then also you can apply for the debts. Some of the terms and conditions may vary from lender to lender. You can read the conditions on the websites of the loan agencies. Moreover, many of these agencies also facilitate you to apply for the debts online from any part of the world.