Credit Wisely: 4 Tips in Managing Your Credit Card Expenses

swing credit card

As we welcomed 2020, many of you have probably written some new year resolutions to start the new decade properly. One of the top considerations usually has something to do with better managing expenses.

But that can be hard to do, especially if credit cards are involved for virtually every expense. However, with conscious effort and a good understanding of your spending habits, curbing credit card overspending is manageable.

Here are some tips to get you on the right track.

1. Revisit financial goals

Before pulling out your credit card, ask yourself if you really need to spend on a particular item. Then take a step back to see the bigger picture, how does this expense help you achieve your overall financial goals?

Constantly revisiting the goals you set, whether as a new year’s resolution or a monthly commitment, helps you see expenses from a better perspective.

For instance, if one of your overall goals is to qualify for a business loan from a legal money lender in Singapore, it would be in your best interest to build a better credit score by avoiding unnecessary credit card expenses.

2. Mind your balance

Instead of looking solely at your credit limit, which is the maximum amount of money you can borrow from the bank, pay attention to your credit balance. The latter is a more realistic portrayal of actual spending and it will give you a better idea of how much and when you need to pay.

If you feel that your credit limit is too high, you can ask your issuing bank to lower the limit to a level that is more suited to your lifestyle.

Monitoring your credit balance will help avoid creating a false sense of purchasing power. Having a high credit limit is one thing, but it does not necessarily translate into a sustained capacity to spend money.

3. Cancel credit cards you don’t need

Managing expenses for multiple credit cards can cause a lot of stress and anxiety. If you have several cards, find out which one of them has been dormant for a considerable amount of time. It is likely that some of these cards are of no valuable use anymore.

If you’re contemplating on signing up for another credit card, make sure you’ve clarified the specific need for a new card.

While there is no fixed financial rule that dictates how many cards you should own, the number of credit cards at your disposal should mirror your spending and finances.

4. Bring your credit card for a specific purpose

The idea is to avoid bringing your credit card  every time you go out.

The improvement in mobile technology can help make this convenient to do. Nowadays, there are many platforms that enable you to load a specific amount to your e-wallet or digital account without using your credit card. So if you didn’t bring enough physical money, you can often use your phone to make digital payments.

5. Confidently navigate your next step in life

Overspending can be very easy to do with a credit card in hand and this can negatively impact your credit score. By setting financial goals and effectively managing your expenses, you put yourself in a position to better navigate life’s financial challenges.

When you are in need of a secure line of credit, avoid going to loan sharks; always seek out a licensed and secure moneylender like Capital Funds Investment.

We offer short and long-term loans that help you gain stability and peace of mind.

Call us on (65) 6281 7736 or email us at to find a loan tailored to your needs.

4 Small Business Ideas Set to Boom in Singapore This Year

team meeting

Out of 141 countries, Singapore ranked first in the 2019 Global Competitiveness Index. The country scored 84.8 points out of 100, overtaking powerhouse nations like the United States and Hong Kong.

For entrepreneurs, this means the country’s economy is extremely innovative and conducive for business. Singapore’s diverse cultures and expansive markets also make it a prime area for growth and profit.

The influx of financing options has also introduced opportunities for all kinds of entrepreneurs. Several private lenders, for instance, can now loan money to small to medium enterprises. They are not as intimidating as borrowing from banks and are definitely safer than relying on a loan shark.

With the economy growing at a fast pace and funding options on the rise, now is the best time to open your start-up business. To help you get started, check out these business ideas predicted to boom this 2020.

Cleaning Services

Singapore is one of the cleanest countries in the world. Citizens really put a lot of work in keeping their space green and spotless. More households are also turning to contract cleaning due to busy lifestyles. If you’re looking for a business venture enjoying high demand and minimal investment, a cleaning start-up is your best bet.

Cleaning services include windows maintenance, clothes washing services, and comprehensive commercial and residential cleaning. Opening a cleaning company is cheaper and easier to start compared to other businesses. For one, expect minimal equipment and training costs. You can start with little upfront money and easily grow it in a short span of time. ;

Freight and Courier Services

Singapore’s geographic location makes it a great area for running a freight and courier company. Its modern roads and highways make for accessible links from the harbor to different points in the city. This makes investing in parcel delivery, handling, and transport services quicker, easier, and more profitable.


Singapore’s electronics industry is expected to accelerate this year. Through the Electronics Industry Transformation Map (ITM), the Singapore government aims to grow the electronics sector to S$22.2 billion by 2020. It also seeks to create 2,000 new jobs for Professionals, Managers, Executives and Technicians (PMET). With this plan in place, businesses can expect great profit in the export of gadgets including smartphones and game consoles. The continual demand for electronics all over the world also makes this a great industry to venture into.

Laundry and Dry Cleaning

Similar to cleaning, many Singaporeans are too busy to do their own laundry. Although laundry equipment like washing machines and pressing irons tend to be more expensive, laundry services allow simple operations and even lower labor costs. Best of all, a laundromat business is a year-round necessity so you can always count on a regular stream of customers.

If you need a loan to fund your start-up, Capital Funds Investments provides fast and efficient financial solutions to suit your needs. Authorised by Singapore’s Ministry of Law, we are a trusted moneylender that offers business, personal, and debt consolidation loans.

Contact us today to get the right loan for you.


Need a Personal Loan? Don’t Borrow Money from an Ah Long

An Ah Long is a colloquial term referring to loan sharks in Singapore who lend money at an exorbitant interest rate. Habitual gamblers, as well as individuals who are unable to get loans from legal sources, often turn to these infamous lenders for quick cash.

Getting a personal loan from Ah Longs, however, is never a good idea, as doing so has serious consequences. Here are the reasons you should avoid getting involved with these loan sharks:

They Annoy and Harass Delinquent Borrowers

Ah Longs will use whatever means necessary to get the money they loaned to you. They demand payment using various modes of communication, including emails, SMS, calls and social media messages. These loan sharks do it repeatedly until you pay them.

Unfortunately, some Ah Longs use extreme measures to get what they want. One Ah Long, in fact, produced a self-recorded video firebombing a home to demand money from a family. According to a news article published in Asia One, an assailant had thrown a petrol bomb into a residential home. Another article posted in The Independent reported the arrest of a 39-year-old man who was responsible for splashing red paint to a residential unit and pasting a debtor’s note on the wall.

They Trick You into Borrowing Money

Many Ah Longs pretend to be licensed moneylenders and highlight how easy it is to borrow money from them. An article from The Straits Times says that Ah Longs send messages stating persuasive offers like ‘100 per cent real lender’ and ‘easy, fast approval’.

Once you say ‘yes’ to the loan offer, Ah Longs eventually show their true colours and demand repayments with unreasonable fees and ridiculous interest rates. Another Straits Times article revealed that these loan sharks impose an interest rate of between 10 and 20 per cent. The rate spikes if the borrower defaults on the payments. By comparison, licensed moneylenders can only charge a maximum interest rate of four per cent as required by Singapore’s Ministry of Law.

They Keep Borrowers in the Dark on Their Repayment History

The lack of transparency and formal paper trail serves as a huge disadvantage to the borrower and a major advantage to an Ah Long. If you aren’t tracking your repayments, the loan shark can simply deny your claims of payment and insist that you pay the loan amount plus the ridiculous interest.

What to Do When Harassed by an Ah Long

If these loan sharks are causing you a lot of trouble, report any form of harassment to the police. Never tolerate or give in to their threats or unreasonable demands. You should also go to Credit Counselling Singapore to get any debt you have under control and work out a payment plan.

When you need a personal loan but are having trouble borrowing money from a bank, you don’t have to turn to Ah Longs as a last resort. Instead, you can get the cash you need with Capital Funds Investments. We are a licensed moneylender in Singapore that offers unsecured personal loans to help you fund small projects and pay unforeseen expenses. With our stress-free application process and fast turnaround time, you’ll get the money you need easily and quickly.

Apply for a loan today.

Borrowing from a Legal Money Lender: What You Need to Know

Legal money lender

Emergencies or financial troubles may require you to find a quick source of cash. You have the option to take out a bank loan, but this comes with the uncertainty of the financer’s approval. Plus, banks impose plenty of requirements, such as a good credit score, minimum income, steady employment, and other paperwork.

What do you do if you cannot meet the bank’s requirements?

Moneylenders offer a simpler, more flexible loan option. The Ministry of Law has compiled a list of trusted legal moneylenders in Singapore to help borrowers avoid loan sharks.

But before you approach a moneylender, make sure to consider these things first.

Loan Amount

You can obtain any amount if you’re taking out a secured loan. This means pledging an asset as collateral for the loan, such as your car or real estate property. For unsecured loans, the Ministry of Law has imposed limits based on the borrower’s income. The loan caps apply to Singaporean citizens and foreign residents.

For citizens with an annual income of $20,000 or less, the cap is at $3,000. Foreigners, on the other hand, are eligible to $500 loan if they have an annual income of less than $10,000 and they can get $3,000 if they’re earning $10-20,000 a year.

Interest Rates

Since the Ministry of Law’s ruling in 2015, moneylenders can only charge a maximum of 4 per cent per month for the value of the borrowed money. This limit applies regardless of your income or whether the loan is secured or not.

If you fail to repay your loan on time, your late interest cannot exceed 4 per cent per month as well.

Your interest fee should be based on your outstanding balance after deducting your prior payments from the principal amount. For example, you took out a loan of $20,000 and have already paid half. The 4 per cent interest will only be applied to the remaining $10,000.

Additionally, the moneylender can only charge late interest for the amount overdue, not the entire outstanding balance. For example, you have a remaining balance of $8,000, with a monthly installment of $2,000. Your moneylender can only apply the late interest on your monthly payment of $2,000.

Additional Fees

Legal moneylenders can impose additional fees, such as those for late payment, loan approval and other legal costs. But for all personal loans, the total charge of all additional fees cannot exceed the amount of your loan principal. So, if you took out a loan of $15,000, the combined interest and other fees must be below or equal to that amount.


Some moneylenders may lodge a caveat on your property as part of the terms of your loan. If you default on your payment, the caveat allows the lender to take the repayment from the proceeds of the sale of your property.

This means that the proceeds are used to pay back your loan, so you won’t get anything from your property.

Before signing anything, read the loan contract and evaluate your ability to abide by the terms. Shop around different moneylenders to find the most favourable terms.

Trusted Legal Money Lender in Singapore

Authorised by Singapore’s Ministry of Law, Capital Funds Investments provides fast loans. Our loans are tailored to suit your financial needs, whether you need money to grow your business or tide you over during an emergency.

Contact us today to get a loan customised just for you.

Entrepreneurial Spirit: Common Traits of Successful Entrepreneurs


Entrepreneurial spirit—it’s a term one might use to describe the mindset of the world’s billionaires. Perhaps, it’s a trait you wish to hone in yourself, as well. Granted, your track record might not be as impressive as Bill Gates’, Mark Zuckerberg’s or Jeff Bezos’, but that doesn’t mean you can’t emulate them when managing your own business.

According to Entrepreneur, success isn’t necessarily defined by how many degrees you have or how well you did in school. It’s also not always based on who your parents are and where you come from. Often, it comes down to your mindset, personality and outlook in life.

Successful entrepreneurs typically possess these common traits and abilities.

Expertise in marketing and business development

Most successful entrepreneurs are masters of marketing and business development. A CEO or any company leader without sufficient sales and marketing experience usually struggle to stay ahead of the competition and keep up with the unpredictability of the marketplace.

With excellent acumen on the art of sales and marketing, a new CEO can overcome the weaknesses of start-ups such as lack of secure funding or the unavailability of an SME loan. For instance, in Singapore, SMEs often find it difficult to set up a business loan because of the highly competitive economy that strongly favours the growth of large companies. A founder with good business sense will continuously come up with customer segmentation, product positioning and marketing strategies to drive top line revenue.

Management capacity

This refers to the establishment of authorisation and control systems, people management and the implementation of corporate standards within the company.

Management ability isn’t directly related to business operations. It’s the constant refinement of an organisational structure, company values and corporate culture development. All of these should compel the company to courses of action in the event of mistakes and internal crises. The management capacity of a competent CEO also lies in effectively managing the value chain, optimising business resources and institutionalising the government standards. A basic example of this would be ensuring that the responsibilities of each employee in the company are clearly defined. Employees who know the entire scope of their roles are more productive and can easily solve issues regarding their tasks.

Strategic ability

Some entrepreneurs possess excellent business acumen and management capability, yet they still fail because they lack strategic vision. Being strategic in business planning doesn’t only mean putting goals and milestones on paper. That’s a wish list. A strategic entrepreneur constantly ponders on the concrete steps that he or she can take to accomplish their goals.

For instance, most small and medium-sized businesses face hurdles with securing business loans from banks. A resourceful CEO will take a proactive approach to sourcing funds and will explore new ways to optimising the use of limited resources. This can include searching for licensed lenders who offer funding for new or small companies, even for those with unstable customer bases.

Quick and Easy Approval for SME Loans at Capital Funds Investments

At Capital Funds Investments, we provide clients with easy, reliable and flexible solutions for their urgent cash flow situations. We’re a licensed moneylender with an excellent track record, connecting many SMEs with swift cash resources.

We’ve done it for other businesses; we can do it for you. Let us support your growing business by calling 62817736.

Beware of Loan Sharks: Distinguishing Licensed Moneylenders from Unlicensed Ones


At some point, you may need a source of emergency funds for financial issues. Your first option would be to take out a bank loan, but that comes with the anxiety of not knowing whether the bank will approve your request. An easier option is to go straight to moneylenders since they offer a faster and simpler way of providing the amount you need.

Although moneylenders are lifesavers for people who need quick cash, some of them falsely claim to be certified lenders and prey on unsuspecting borrowers. Their business practices are often unsavoury, and they typically charge high interest rates. They threaten buyers to pay as soon as possible, adding unnecessary stress and anxiety.

The last thing you want when you’re worried about your finances is to fall into the trap of a loan shark. These tips help determine whether you’re dealing with a licensed or unlicensed moneylender.

Check the terms of the loan

Singapore law requires legal moneylenders to be transparent about the loan terms. The conditions of the loan must include the interest loan, payment methods and repayment period. Read through the terms and ask the lender any questions about the contract. If the moneylender doesn’t explain the terms in a manner that you understand, or if they don’t address your concerns altogether, look someplace else.

The loan amount depends on your income

Licensed money lenders follow Singapore law that sets the loan amount depending on a borrower’s annual income. As of 2016, the rates are as follows:

  • If less than $20,000, up to $3,000
  • If at least $20,000, six times the monthly income
  • If less than $10,000 for foreigners residing in Singapore, up to $500
  • If at least $10,000 and less than $20,000 for foreigners residing in Singapore, up to $3,000

Should a moneylender offer you a higher amount that the usual loan that is allowable for your income bracket, they might be a loan shark.

Always ask for a contract

Licensed moneylenders are aware that the agreement between a borrower and a lender is legal and binding once they sign a contract. Be wary of loaners who offer you money without a contract. Stay clear of moneylenders who ask you to sign a blank or incomplete contract.

Check if the interest rates are reasonable

The law dictates the interest rates that borrowers are to pay for their loans. Starting October 1st 2015, moneylenders are required to charge a 4 per cent monthly interest rate that borrowers will settle on top of the principal amount.

Check the list of licensed moneylenders

When in doubt, go to the official website of the Ministry of Law in Singapore for a complete list of recognised and registered moneylenders. In some cases, the company might be new and the list may have yet to be updated, so call the Ministry to double-check.

Look for a physical office

Singaporean law requires that licensed moneylenders must operate in an actual office. The address of the moneylender must match the information on the website. The physical office must also be professional-looking and well-maintained. On the other hand, loan sharks would rather transact with you online.

Capital Funds Investments: The Premiere Licensed Moneylender in Singapore

Even if you’re in a tough financial situation, it doesn’t mean you should seek help from the first moneylender you find. With several loan sharks around, do your research to save yourself the stress and anxiety of dealing with unlicensed moneylenders.

Authorised by Singapore’s Ministry of Law, Capital Funds Investments provides fast and unsecured money loans to those who need it. Whether you need money to grow your business or tide you over during an emergency, we are here to help.

For enquiries, call us on (65) 6281 7736 or email

The “Multiples” Mistakes that Ruin Your Credit Score

Poor Credit Score Report

When faced with a financial emergency, your best bet for some relief is to turn to a licensed moneylender in Singapore. These institutions provide the funds you need to start a business, pay off a debt, or settle an unexpected bill. They offer a quick and painless application process, and they are often more lenient than banks.

The catch is that you need a good credit score for moneylenders to approve your application, whether it’s for a business, personal, or foreigner loan. In Singapore, a good credit score is your ticket to fast loan approvals, and you have to take care of it as early as today.
The Importance of Your Credit Score

Credit scores are like a grade from financial institutions in the country. They review your accounts and payment history from different banks and calculate a score. The higher your credit score (the highest rating is an AA, which corresponds to a numerical score between 1911 and 2000), the more confident moneylenders are that you will pay them back on time.

There are, however, many spending behaviours that would ruin your credit score — among them the fault of keeping multiples. These “multiples” mistakes might seem harmless, but they are red flags that banks and moneylenders look out for.

Applying for Multiple Loans

It’s alright to apply for several loans, but they should be scattered over a long period. Applying for one loan after another is a sign that your financial circumstances are not as rosy as they used to be. For instance, homebuyers in Singapore might apply for a personal loan to settle the down payment for a home loan, and so on.

Multiple, successive loans indicate a precarious financial situation. It shows you’re a riskier bet for moneylenders, so your credit score will likely dip.

As much as possible, do not apply for multiple small loans that might not be enough to cover everything. Instead, save up for one sizable loan that would cover all the foreseeable expenses. In these cases, foresight of expenses is key.

Having Multiple Open Credit Accounts

Credit accounts are necessary to establish a credit history, but too many open accounts are detrimental to your score. It shows that you owe several institutions money, and this might be a red flag for other moneylenders.

Even if you only owe small amounts on each account, the aggregate could still affect your credit score. For instance, owing small amounts across seven credit cards adds up to a sizable credit. So, keep your credit accounts to a minimum.

Some financial experts say two cards are enough (one as the main card, one for a back up and rewards). For people with larger expenditures, four cards are enough, but you have to take care not to max out each one.
Applying for Multiple Credit Card Applications

Similar to having several loans, applying for several credit cards shows that you might not be in a stable financial situation. This might hurt your credit score; financial institutions are hesitant to lend money to someone who suddenly applies for more than one credit card.

To preserve your credit score, apply for one credit card only. If you’re rejected, wait for a month before applying for another credit card.

You can always find out if your credit score needs to be remedied. Check your score at the Credit Bureau of Singapore. If your score is low, review the mistakes you might have committed and avoid repeating them.

If your credit score is healthy, and you’re planning to start your own business or pay off an emergency bill, turn to Capital Funds Investment, a Ministry of Law-approved and licensed moneylender that helps you achieve financial well-being.

Call us on (65) 6281 7736 or email us at today. You can also send us a message here.

Be Careful Of Sharks: Why Legal Money Lenders Are Still The Better Option

Man Disputing Loan

Despite having limited land resources, Singapore has established itself as one of Asia’s most competitive economies. It has developed into a well-known financial centre and a growing wealth management hub. Singapore’s strong links with London as well as its effective economic policies have attracted businesses into investing in the country.

The emergence of Singapore as a wealth management hub has led to the establishment of numerous lending entities. The number of legal money lenders in Singapore has grown over the years. As of August 2019, there are 158 money lenders registered with Singapore’s Ministry of Law.

However, many people still choose to borrow money from loan sharks or unregistered money lenders because the process is easier. Loan sharks are lenient when it comes to requirements and they lend money faster than legal lenders. What borrowers don’t know is that they could be sinking themselves into horrendous debt when they borrow money from loan sharks.

High-interest rates

Loan sharks specifically design their payment schemes so that they can enjoy high levels of interest rates. These loan agreements do not take into consideration whether or not the borrower can pay on time. If the payment is set on a weekly basis and the borrower fails to pay, additional charges are incurred for late payments.


Unregistered lenders are not regulated by the government and they do not report their transactions to authorised credit agencies. It becomes difficult to find a course of redress if there are problems with your transactions.

Many loan sharks do not follow legal protocols and do not have the required licenses to operate. They have no legal records and are not bound by any legal agreement. So if you are a borrower with a bad credit history, you will still not be able to improve on your credit image even if you pay them on time.

A never-ending process of borrowing

Borrowing money from loan sharks can be attractive because it seems convenient. However, such convenience might get you trapped in a cycle of never-ending borrowing. You might be tempted to apply for a higher amount than what is needed just because it is readily available for you. And with online loan applications becoming available, it becomes easier and more accessible to those who desperately need the money.

Legal lenders are always the best option

It is always better to borrow money from legal lenders. True, the process is more stringent and it does require more time to actually receive the loan, but the process is there for the protection of the borrower as well as the lender.

Legal lenders are regulated by the law requiring them to report to credit agencies, so paying back a loan improves the credit rating of the borrower and improves their credit history. It is also the case that legal lenders are much more likely to give sound financial advice.

Capital Funds Investment is a trusted legal money lender in Singapore. Whether it is for business or personal purposes, we provide fast loans. Our loans are tailored to suit or clients requirements.

Need cash now?

Apply here to get a loan customised just for you. Contact us if you need more information about our services.

The Worst Debt Consolidation Mistakes to Avoid

Money Lender Handing Money

Debt consolidation is when you take out a loan in hopes of eliminating your other debts. It is rather paradoxical because you will acquire another debt in the process, but it can be highly effective when executed properly.

To find a legal money lender in Singapore and make the most out of this gamble, avoid these terrible mistakes:

Opting Not to Consolidate Debts Due to Bad Credit

A common error of individuals with bad credit is thinking that debt consolidation is not a viable option because of their situation. It may be hard to find a lender who is willing to extend you credit when your credentials say that you will likely default on your loan, but there are suitable financial products for you. Although they may come with high interest, they can surely help you reduce your overall indebtedness.

Applying for a Debt Consolidation Mortgage

Many deeply indebted individuals choose to refinance their mortgage to access extra cash to cover other debts with higher interest. Borrowing against your property again may work wonders, but it involves major long-term consequences.

Firstly, it will reset the clock of your mortgage, which means you will go back from the start and possibly offset the gains you have made after paying it for years. Secondly, you may expose yourself to a greater likelihood of foreclosure.

Shunning Credit Counselling Singapore

It is almost a crime to pursue debt consolidation without expert advice. Before you pull the trigger, you need a clear strategy and deep knowledge of all the options to make an informed decision. Otherwise, you may inadvertently dig yourself a deeper financial hole.

Credit Counselling Singapore, for instance, can assist you in speaking with lenders and breaking bad habits to prevent beginning a new cycle of indebtedness. Moreover, you may learn different best practices when it comes to debt consolidation.

Forgetting About Prepayment Penalties

Another rookie mistake is taking just the unpaid balances into account. If you have creditors that penalises prepayment, you may fail to obtain the necessary funds to settle your bills. Many lenders charge fees for extra payments to maximise the profit they could make out of the deal.

Review your existing loan contracts to find out whether you will be punished for paying your debts in advance. If there is a pre-payment penalty, include it in the equation to borrow adequate funds to cover it.

Deciding Not to Check the Moneylender Registry

When choosing a moneylender, it is best to check the Ministry of Law’s Registry of Moneylenders. This way, you can avoid dealing with an unlicensed lender. Companies in the illegal money lending business do not play by the rules and are usually guilty of abusive behaviour.

Debt consolidation has the potential to help you bounce back financially in the long run or put you in a worse situation. Do due diligence to calculate its risks and avoid mistakes that you may regret for a long time.


Be Your Own Boss: Becoming a Freelancer in Singapore

Laptop, Cellphone, Notepad and Coffee on Table

Freedom, flexibility and financial control. These are three common reasons why people want to ditch their full-time jobs and become freelancers.

In Singapore, the freelancing and self-employed community is slowly but steadily increasing. As of 2017, there are between 180,000 to 200,000 freelance and self-employed workers in the country, forming almost 10 percent of the workforce.

Singaporeans, particularly millennials, find freelancing an attractive career option for the same reasons as freelancers from other countries. Being self-employed means you work on your own terms, allowing for work-life balance. You can also work for multiple employers instead of one, increasing your income.

Starting a Freelancing Gig

The basic essence of freelancing is that you have a valuable skill, an audience willing to pay for it, a method of reaching your target audience and repeat clients. You can either make this business a full-time gig or use it to earn supplementary income.

You usually don’t need a license to freelance in Singapore, if you’re offering creative and development services. Usually, clients will only request to view a portfolio of your existing work. More specialised jobs such as real estate and insurance require you to apply for a license, which involves attending a mandatory course and passing a written examination.

Freelancing also involves putting your marketing and networking skills to the test. Ensure that your online profile is detailed – it should show your skills, achievements and portfolio. Go to your prospective clients and pitch to them your work and what sets you apart from other companies and freelancers. Make sure you deliver the work on time and ask clients for testimonials.

Financial Considerations

Income from freelance work is taxable under the Inland Revenue Authority of Singapore. You’re expected to pay your taxes in a lump sum for a 12-month given accounting period. Like regular businesses, you’re required file your taxes on April 15, and you have the option to file them in person or through the IRA’s official website.

Unlike when you’re under regular employment, freelancing involves handling employee benefits on your own. You have to continually contribute to your Medishield to cover medical treatment and hospitalisation expenses.

It’s tempting to become your own boss instead of being confined to a 9-to-5 job. However, freelancing has its challenges as well. Once you’re familiar with the fundamentals of creating your own business, you can focus on developing your skills and widening your network.

Give Your Freelancing Gig a Jump Start

Working on your own terms and being your own boss can be appealing, but being a freelancer comes with its own challenges. How can you start a gig when you need money for equipment, marketing and rent?

Capital Funds Investments provides you with urgent cash resources to give your freelancing job a head start. We firmly believe that no one should be restrained from starting their business because of a lack of opportunity to raise capital.

We are a licensed moneylender that provides a variety of easy and flexible loans to a large number of clients in Singapore. To apply for a loan, simply fill out our form and submit the necessary requirements. Our personal finance specialists will get in touch with you and find the right loan based on your needs.

We’ll take care of your financial needs. If you need assistance, send us an email on