Obtaining a retrenchment benefit can be daunting, especially if you have not yet reached two years of service. The Ministry of Manpower mandates companies to pay workers’ lay-off benefits only if they have reached the two-year mark.
A cash shortage will likely happen, especially if you do not have a job lined up. In these trying times, we not only bring you a retrenchment loan, but we also add competitive rates.
If you borrow with us, you can be sure of a 4% monthly interest rate. Whether the retrenchment loan is $1,000, $2,000, or $3,000, the rate flats out at 4%.
You will even enjoy a zero-percent interest on the loan if you repay it within a week. That is just one of the perks of contacting us for your advances.