If you come to know whether you are eligible or not for the loan process before apply foreigner loan Singapore, then you are assured to go for the process. Loan for foreigners in Singapore usually incurs high rate of interest.
The high interest is mainly because these loans come under the unsecured loans category. The loan interest is higher as the loans do not involve any collateral. However, the private lending agencies are considerable enough and try to impose interest rates within the affordable margin. There is however one concern that the foreigners in Singapore availing foreign loans must know about that is shorter repayment period.