Short or long payment period for your loan

There is a good news for you all. If you aim to take CreditXtra then you are employed in a private or government organization in Singapore, congratulation, you have the ease to apply this loan. Even though you can apply the loan easily, do not forget to choose the pay off period that will never add your burden. Commonly, the lender offers some payment period options. In this time, you must be able to make a good decision because it affects to your future financial condition. Yes, you can check your ability first. After that, you can count how much money you should spend every month to pay off your loan. Important to know, when you choose the short payment period, you will be asked to pay the higher interest rate.

It does not matter if you afford to pay it all. On the other hand, if you do not afford the short payment period, you can turn to the longer period. However, you must be able to repaid your loan without causing the bad credit score.

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