It’s impossible to predict when something unexpected happens and when you need cash urgently. Personal loans provide a lump sum of cash quickly that can be extremely helpful during times or emergencies.  

Some scenarios of emergencies could be:

Medical Emergencies

Medical bills are costly in Singapore and could quickly pile up to thousands. A personal loan can come in handy in a scenario where an emergency surgery or procedure is needed to treat a disease, injury, or accident. Additionally, some procedures might require you to pay in cash before you can receive an insurance payout. A personal loan can be helpful when there isn’t enough cash in hand to pay for the bills. 

Funerals

The average cost of funerals in Singapore can range anywhere from 1,000 to 10,000 include procedures such as embalming, burial, and cremation costs. In the unfortunate event that a loved one passed away unexpectedly, you may require additional financial help.

Family Emergencies

Some scenarios could be a sudden loss or drop in income due to unemployment which a personal loan can be helpful.

Medical Transportation

When it comes to healthcare, accessibility is key. In many cases, timely and reliable medical transportation services are not just a convenience; they can be a lifeline. Whether it’s a routine medical appointment, a specialized treatment, or an emergency situation, having access to safe and efficient transportation is crucial for patients and their families.

The Financial Challenge:

While medical transportation services are essential, they can come at a cost. Many individuals and families find themselves facing unexpected expenses related to medical transportation. These costs can include ambulance services, non-emergency medical transport, and medical escort services. In such situations, securing a medical loan can provide a practical solution.