The sudden demise of a loved one is one of the most challenging times in anyone’s life. You find yourself unprepared for the change and you don’t know how to deal with it. Your life suddenly feels like full of emotional and financial responsibilities as well as things that demand your urgent attention. Arranging a proper, respectful funeral for your loved one tops the list of those things.
But let’s face the fact: funerals can be really expensive these days. The cost of arranging a funeral can run into thousands of dollars, depending on the services you choose. Matters become worse when you don’t have any savings/emergency funds to use.
In Singapore, you will find various professional companies dedicated to helping you manage the funeral of your loved one. These companies offer different packages that are designed keeping in mind your religious practices as well as other requirements. A comprehensive package may cover expenses for casket, clothing for the departed, flowers, crematorium booking fee, burial ground booking fee, prayer items, casket transportation, tables, chairs, and refreshments for visitors, and much more. Take a look at the prices of some of the packages offered by such companies:
In addition, if your chosen package doesn’t cover the cost of cremation or burial, you will have to spend some extra money on the final resting place for the deceased. In Singapore, there are three crematoriums, including two private crematoriums and one government-owned crematorium. The fee charged by these crematoriums range from S$100 to S$400 for adults.
In case you choose to bury the deceased, you might have to pay between S$315 and S$940 for an adult and between S$140 and S$420 for a child.
Various banks and financial institutions in Singapore provide quick and easy loan approval for funeral expenses. If you meet the eligibility criteria, you can get your loan approved within minutes. So, if you are stressed over high funeral expenses, a personal loan could help you out. Most often, personal loans don’t require any collateral and can be obtained online. Once approved, you will receive a lump sum amount from the bank, which you can repay in instalments over the coming months. The interest charges may vary from case to case and are determined on the basis of your credit score, debt repayment history, and income.