Taking loans is now easy with the help of the trustworthy money lenders

Sometimes it is hard to pay the bank loans, isn’t it?

It is all about making the wrong decisions when you want a loan for your personal needs. There are many different reasons for which you require a loan as an emergency can come at any time and that is why you need a place that is easy to apply for the loan. 

The banks often take long procedures and a lot of documentation when you apply for the loan and that is why people are now searching for other options and what is better than the money lenders? The moneylenders are the one who provides small and quick loans at high-interest rest to people for their different needs. 

Here are some of the major differences between taking a loan from a moneylender and a bank:

  • The money lenders provide loans based on the borrower’s income so that they can fight their short-term financial deals but if you need big loans for buying a house or something then you need to apply it in a bank. 
  • As we compared to the bank the moneylenders are less stringent in checking the credit score of the borrower. But they do investigate the financial status of the borrower to know if they can return the loan at a high-interest rate. 
  • You get your emergencies to get sorted within a few hours or a day as moneylenders don’t take much time to process your loan but if you apply it in a bank then it will take a lot of time and processing. They provide loans to the people who need quick cash
  • Moneylenders don’t extend the process and make it easy for the borrower to get the loan in the shortest period as they have to visit the bank not once but many times to get their loan approved 
  • The moneylenders ask for just filling up an application form and based on the credit risk of the borrower the interest rate is determined. In banks, the approval procedure is monitored by the management and they consider many different aspects before providing the loan.  

Some licensed moneylenders are good at personal loan in Toa Payoh Central helping you in getting the loan in no time and with easy processing. So don’t worry if you need some quick cash and go to moneylenders who are trustworthy to apply for the loan.

Oil Sands

MEANING of ‘Oil Sands’

Sand and rock product which consists of crude bitumen (a heavy, thick type of petroleum). Oil sands are found mostly in the Athabasca area of northern Alberta, Canada, and in areas of Venezuela. Bitumen is extracted and processed utilizing two methods:

1. Mining – Large locations of land are cleared of trees and brush, then the top soil and clay are removed to expose the oil sand. This surface mining method utilizes large trucks and shovels to get rid of the sand, which can have a volume of anywhere from 1-20% of real bitumen. After processing and updating, the end outcome is sent out to refineries, where it’s made into gas, jet fuel and other petroleum products.

2. In Situ – This reasonably brand-new approach is generally utilized to get bitumen in oil sand that is buried too deep listed below the earth’s surface to be recovered with a truck and shovel. In situ innovation injects steam deep below the earth to separate the viscous bitumen from the sand and pump it up to the surface area. The bitumen then goes through the very same updating process as it would in the mining approach.


The Alberta government approximates that there are 1.7 to 2.5 trillion barrels of oil caught in the oil sands, however some industry groups and organizations dispute this claim. The end product from oil sand is very comparable to, if not much better than, that of traditional oil extraction (using oil rigs). However the intensive mining, extraction and updating process indicates that oil from oil sands typically costs several times more money to produce than conventional techniques.

1. The mining technique is considered to be very damaging to the environment, as it involves leveling numerous square miles of land, trees and wildlife. Oil companies utilizing this method are required to return the area to its original ecological condition once the mining is completed, including further to expenses.

2. The in situ technique is more pricey than the mining approach, but it’s much less damaging to the environment, needing just a couple of hundred meters of land and a neighboring water source to run. It’s approximated by the Alberta government that 70-80% of oil in the oil sands is buried unfathomable for open pit mining; therefore, in situ methods will likely be the future of extracting oil from oil sands. The most common type of in situ is called Steam Assisted Gravity Drainage (SAGD).

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