Commercial property prices in Singapore are invariably high, but no less essential for a business looking to expand or acquire a base of operations.
This makes it almost always necessary to secure a loan; however, unclear eligibility criteria, coupled with obscure terminology, and complicated application procedures, make it challenging to find the best rates, much less get approved.
This is where a loan marketplace comes in handy, offering a centralised platform to compare multiple loans, in a way that is at once efficient and transparent. And Lendingpot is doing just that.
Lendingpot was established with a mission to help businesses apply for financial products. We wanted to make it easier for businesses to secure the best possible outcomes both in approval and pricing. And we did.
We credit our success to three simple strategies: increasing competition among lenders, simplifying the loan application process, and enhancing financial literacy.
We found these to be some of the significant barriers faced by businesses in securing commercial property loans.
And so, by aggregating more than 45 pre-screened lenders on our platform, streamlining the application processes through technology, and providing customised feedback based on the data collected from past applications, we were able and continue to empower businesses to secure the best possible loan outcomes.
Read More: What is information asymmetry and how does it affect SMEs?
There are a number of benefits to having a centralised platform, chief of them being access to multiple lenders, competitive rates and convenience.
By aggregating various lenders, we provide business with a spectrum of choices: what would typically require days of research or waiting anxiously for responses, resisting the impulse to send out more applications (we advise against that) is significantly streamlined. In a single application, you can reach out to multiple lenders at the same time. Because of this ease, businesses can explore multiple loan offers quickly and efficiently.
The very nature of a marketplace, as a single place where business and customers can come together to exchange services, induces competition; as with Lendingpot, because of the competition, lenders are incentivised to offer better rates and favourable terms to borrowers in order to win business. This new paradigm shifts the power dynamic, placing it back into the hands of the consumers
Looking for loan options— for some users—can often feel like trying to find your way in a dense forest without a map: the search is tedious, the offers, risks and cryptic language, vague and impenetrable. We strive to make it easy to compare and contrast loan offers transparently. When in doubt, our team members are at hand to help you understand the minutiae of a loan so you can make informed decisions.
Read More: Top 5 Factors that Affect Your Commercial Property Loan
Applying for a commercial property loan with Lendingpot is easy and involves just 3 simple steps:
1. Submit a Quick 5-Minute Application Form
This will help us understand the unique details of your business and loan requirements.
2. Lendingpot Lists Your Business on Our Portal
Once your application is submitted, we list it on our platform, making it available to the 45+ lenders on our platform.
3. Receive Personalised Offers
Within as little as 48 hours, you will receive personalised offers from multiple lenders, and you can pick the best option for your needs.
As the saying goes, ‘actions speak louder than words’. We take pride in having helped many businesses and individuals achieve their financial goals. With over 400 glowing reviews, here’s what our clients have to say.
Amali ⭐️⭐️⭐️⭐️⭐️
“The efficiency of the loan application process was remarkable. From submitting my application to receiving approval, the turnaround time was impressive. They kept me informed throughout, and there were no unnecessary delays. This level of efficiency is rare and greatly appreciated.”
Ivisitplaces ⭐️⭐️⭐️⭐️⭐️
“Looking for loan options was very easy. The portal is easy to use, and the staff are very helpful with instructions and reminders. I was able to select the lending company with the best rates and payment terms according to my needs. Interest rates were lower since I booked through Lendingpot.”
Leo ⭐️⭐️⭐️⭐️⭐️
“This was the first time I used this platform from Lendingpot. Thank you for helping me find a lender who was so accommodating and friendly. Lendingpot was a great help in finding the most suitable loan. The agent followed up with my application constantly and also helped update any information with the lenders so that up-to-date information could be provided to facilitate the loan.”
Senthil ⭐️⭐️⭐️⭐️⭐️
“Sincere appreciation for the outstanding service provided by Lendingpot during my recent interaction. The team took the time to ensure I understood all the details thoroughly. Their professionalism and dedication to customer satisfaction are commendable and truly made my experience memorable. Thank you for having such a wonderful team, Lendingpot.”
Finding the right commercial property loan doesn’t have to be stressful and time-consuming. You don’t have to deal with complex terminology, impenetrable offers, or worry about hidden costs.
We simplify this process, so you can focus on growing your business. Apply now, or book a consultation with our team of experts to find out how we can help you achieve your business goals.
Lina heads up all things marketing and branding at Lendingpot. With a keen aesthetic eye, she believes in the use of design to communicate with our SME community and aspires to turn Lendingpot into a household name. Out of work, she is an avid camper and appreciator of nature’s best works.
