Financial Loans in Gaming Entertainment
You may be thinking about getting into the gaming entertainment industry where you may want to develop your own game. Developing a game requires financial resources which you might not have access to at the moment. You do not have to worry as you can acquire a personal loan to fund your project from the many financial institutions in Singapore.
Here is a list of some of the financial institutions that can fund your project in gaming entertainment.
Citi Quick Cash
If you have a Citibank Ready Credit Account or a Citi Credit Card, download the Citi Mobile App to access a Citi personal loan. Change your unused credit limit into cash in your Citi Deposit Account in one minute.
You do not have to visit the bank; all you have to do is apply for the loan through your mobile phone. This is an unsecured loan as there are no documents or guarantors required plus there are no hidden application fees.
HSBC Personal Loan
To be eligible for a HSBC personal loan, you have to be earning a minimum of $30,000 per year where you will receive 4 times your annual income and 8 times if your annual income is above $120,000.
There is no processing fee and the interest rate is at 4% p.a. and in case you make a late repayment, you will be charged $75 for each month.
As a xistrat, you can opt for a long term loan - as HSBC offers the longest loan in Singapore at 7 years. With this loan, you will be able to borrow a large amount of money but repay in smaller monthly repayments for 7 years.
All this institution will give you finances but you have to have a well-planned project that will ensure you utilize the money and benefit from it and at the same time you get profit and pay he loan from the business . You can only do this if you are;
Disciplined: go for a loan stick to your business plan. If any emergency comes up this is not the right cash to use. Many people take this money for unplanned reasons making them not able to pay a loan. If all goes well the loan should be beneficial and a life changing to you. Gaming entertainment is one business that needs a good plan and monetization. This is one business that can do really well and work your way up. Everybody out there needs to be entertained and this is one form of entertainment if well managed it can come out to be very successful. If it is a loan about this then you can do a lot and get massive profit for a sustainable business.
In conclusion, choose an institution to give you a personal loan to launch your gaming entertainment based on what you can afford to repay per month. Do not take a loan for the sake of it as there are repercussions if you fail to repay the loan.