loan Renovation loan from private loan companies

[peanutberry 0]

has anyone heard of takeONE loans centre in bukit batok? i was referred by my ID as i am looking for a renovation loan. met up with a guy from the takeONE and the interest rate is very attractive at 2.553% p.a. for 5 years for a $40K loan. couples who took renovation loan from banks are aware that the maximum loan we can get is only $30K or 6x of your salary whichever is lower right? so i am very puzzled why he is able to loan me $40K at such attractive interest. their fees & charges(processing, disbursement, late payment, early repayment, cancellation fees are all similar to the banks. he is not willing to reveal more unless i signed with him. anyone has any idea if it is safe to take renovation loan from them? or will it be safer to take from the banks? 

my spouse is still studying and will be back in a few months' time. by the time he is back he still needs to find a job. that is why we are exploring other options other than the banks as my salary alone will not be able to get hold of the $30K loan.

[Sonilor 1]

I also need a renovation loan but need some advice. Can someone here help me?

[Olivoil 0]

  On 12/9/2020 at 3:22 PM, Sonilor said:

I also need a renovation loan but need some advice. Can someone here help me?

Just try to search on the internet. There are a lot of companies that can help you. In general, I struggled a lot when I had to take a loan because when I searched I saw that there were many companies but I didn't know which one to choose. After that, I decided to turn to a friend who works at Mortgage Advice Durham and he helped me with concrete advice and helped me choose, and that way I got rid of many problems.