The Real Singapore

The budget for the financial year 2016-2017 will be announced pretty soon. This will make the government’s priorities pretty clear for this year. This will be the first budget announced by Mr. Heng Swee Keat ever since he became the Finance Minister. The budget comes at a tough time of economic restructuring at a time when redundancies are on an all time high.  The services that were accounted for bulk of job redundancy with total layoffs being the highest since the 2009 global financial crisis. Amidst all the economic slowdown this year, observers have stated that the main focus of the budget will be helping businesses cope with economic headwinds and keeping Singaporeans gainfully employed. What do the higher ups have to say about it? Irvin Seah, a DBS Bank senior economist stated that it is important that companies get the required assistance to navigate difficult economic conditions, so as to safeguard negative impact on the labour market. He said that If Singapore...

There are several things that you need pay attention to when you are getting a credit card in Singapore such as the rate of interest, the annual fee of the card, charges that would decide how expensive or inexpensive our credit card is going to be. But there is one major charge that most of us ignore when studying a credit card and that is APR. APR or Annual Percentage Rate is the rate of interest one has to pay for borrowing on their credit card. Different types of APR There are different types of APR that we don’t know about. Let’s learn more about the different types of APR: Purchase APR: Purchase APR is applicable on all the purchases made on the credit card. This is very different from the rate of interest charged. Balance Transfer APR: Balance Transfer APR is charges applied when one transfers a balance to their new credit card. Cash advance APR: Cash Advance APR is the interest rate charged whenever the cardholder makes a withdrawal with the card. APR grace...

If you are looking to finance your dream car through a car loan, UOB’s car loan options might just as well be the ideal choice for you. With attractive interest rates and extended loan tenors, you can repay your car loan with convenience and ease. Let us look at some salient features of the UOB Card Loan and the options available to you if you wish to apply for your car loan with UOB . Key features of the UOB Car Loan UOB finances 70% of the price of the car (as determined by the bank –the bank considers prevailing market value). So if you are ready to purchase your dream ride, make sure you make a down payment of not less than 30% of the car’s prevailing market price. UOB is particularly known to process and subsequently approve the application in quick time. Approval of the application is subject to satisfying required eligibility criteria.  The bank offers accommodating interest rates on car loans. If you already have an existing loan with UOB, you are certain to ge...