If you have a poor credit score, there is a possibility that the bank will lower your loan quantum. If your credit report reflects serious issues, such as a credit grade of C or a statement of default, it is possible that your loan application will be rejected altogether. As such, it is important to build your creditworthiness before thinking of major loans like a home loan or car loan. Factors which lower your credit score are late repayments on unsecured loans like credit cards, multiple loan applications in a short time, or having debts written off. If you are unaware of your credit score, you can obtain one from the Credit Bureau of Singapore (CBS). This usually costs S$6.42. If you have poor credit or no credit history at all, you can build one up by taking small loans and paying them back responsibly. The easiest way to do this is to use a credit card, on which you always repay the full amount (there is no interest charged on credit cards if you make full repayment). 2. SECURE … [Read more...] about Are you ready to get a car loan in singapore?
Erp rates and timing
Patama Chantaruck, vice president for Indochina Expansion and managing director of IBM Thailand, said the Thai market narrative is increasingly influenced by emerging technologies (hybrid cloud, AI, blockchain) and evolving customer preferences that are driving industry and digital disruption. The rising importance of data-driven business models, security-aware IT architectures and hyper-connected ecosystems puts an increasingly diverse set of players into competition to ensure relevancy and success. IDC has unveiled its top predictions for Thailand’s IT industry for 2019 and beyond, saying that by 2022, over 61 per cent of the country’s GDP will be digitalised. Growth in industries driven by digitally enhanced offerings, operations, and relationships will lead to US$72 billion (Bt2.217 trillion) in IT-related spending from 2019 through 2022. IDC believes that a digitalised economy will create more intense competition, especially when digital disruptors are heavily … [Read more...] about More disruption on the cards as IT advances
Ride-hailing is a very lucrative business in Singapore. And although there've been many players who've tried to join the fray, few of them ever had a chance against Grab and ComfortDelGro. Could GoJek - the newest contender - be the one to break up the duopoly? The Indonesia-based operator has been in Singapore for about half a year, and now has a sizeable fleet of drivers and users. Personally I'm thrilled - after all, the stiffer the competition, the better the discounts, right? Let's compare the 3 ride-hailing services and take a closer look at their pricing models and other features. Many factors can influence your ride prices - what time it is, how far away your destination is, how many drivers/riders are nearby, and even whether or not it's raining. For this price comparison, I'm using an example journey from the MoneySmart office in Commonwealth to Orchard ION at around 4pm (off-peak) on a Friday. Ride-hailing service Price for a ride from Commonwealth to Orchard ION (7.1km) … [Read more...] about GoJek vs Grab vs Comfort Taxis in Singapore
I have a love-hate relationship with the electronic road pricing (ERP) system in Singapore. On one hand, I understand its purpose in easing rush hour traffic jams. On the other… I really, really hate paying for it. So much so my husband likes to tell people that when he hears the IU beep, it's like listening to the sound of (my) heart breaking. For the $0.50 kind - never mind, sua. But during super peak hours, some ERPs (for cars) can be as expensive as $6, which drives me nuts! As most drivers would know, the ERP rates and charges are reviewed every quarter, and usually adjusted during the June and December school holidays. The ERP prices were recently updated in May 2019, seeing 2 gantries with increased tolls, and about 20 gantries having their tolls reduced or removed. INTRODUCTION TO THE ERP SYSTEM Before we get into the ERP rates, this section is for those who don't know what ERP is. ERP is actually a toll that was implemented to ease congestion. The logic is simple: By … [Read more...] about New ERP rates for June 2019
SINGAPORE - Car drivers will have to pay $1 more at two Electronic Road Pricing (ERP) gantries during their morning commute from next Monday (May 6). Those heading for the city on the Central Expressway (CTE) will have to pay $2, up from $1, at the gantry before Braddell Road between 8.30am and 9am. As for those using the Kallang-Paya Lebar Expressway (KPE), their ERP charge on the stretch after Defu Flyover will increase from $3 to $4 between 8am and 9am. The Land Transport Authority (LTA) announced these changes on Monday, after completing its quarterly review of traffic conditions on roads and expressways. Rates are adjusted to achieve an optimal speed range of 45kmh to 65kmh on expressways. The LTA will conduct its ERP rates review again in May for the June school holidays rates. This article was first published in The Straits Times. Permission required for reproduction. news POST Purchase this article for republication. … [Read more...] about ERP charge to go up by $1 at two gantries from May 6