Got back from the bank and tried to figure out what it means. They do not think I am a good risk to give you the short version, but they did recommend a Licensed money lender in Singapore. It seems as though they had some sort of arrangement, but I do not know if it was personal or not. The guy gave me his business card and told me that I should show it to the person down there. I wrote down the name he gave me on the back of an envelope, but I mislaid on the way home from the bank. I am not sure, but I guess that it is on the bus traveling all over the city. Of course I suspect that this is only important for this loan officer to get some sort of kick back from the guy he was sending me too.
Of course a bank is a lot cheaper than one of these people. At the same time they are a whole lot more careful as well. They are not going to take any real chances and there is not any doubt that my idea is pretty risky. It is also true that I do not have a lot of collateral. They like for you to have something to lose, something which is going to stop you from just forgetting to pay them back. If you have a house that is the best. A house is going to stay where it is supposed to be. You can not take it with you when you run out on the bank. A car is collateral, but a guy can drive a car to a new country. Leaving Singapore in a car is not so easy obviously, but it can be done if you wanted to.