Cash Advance Loan Singapore
Licensed Payday Loans - OT Credit
Need to borrow cash in Singapore before payday? Get a licensed cash advance from OT Credit, repaid by GIRO on your salary date. No early settlement penalty.
101/2026
MinLaw licence number. Verify it on the registry
Your paydate
Repayment is timed to your salary, not to a calendar.
Automatic
Deducted by GIRO, so there is nothing to remember.
Rating 4.9
From 624 Google reviews, which you can read yourself on Google.
What you are applying for
A Short Cash Advance in Singapore, Repaid When Your Salary Arrives
A cash advance loan covers a short gap before your next salary. It can pay for a medical bill, a car repair, or rent that is due before payday. You borrow a small amount now and repay it in full when your salary is credited. It is the smallest and shortest product we offer, and for most customers it is the only one they ever need.
Most people who look for advance cash credit do not want a long commitment. They want a fair amount, clear terms, and a repayment date they cannot miss. For that reason, repayment is usually arranged through GIRO. You tell us your payday, and we set the deduction to match it. The money leaves your account automatically once your salary is in.
Most of the money people lose on short borrowing is not interest. It is the additional charges that build up when a payment date slips past unnoticed. Linking repayment to your salary removes most of that risk.
At a glance
Security required
None
Fee to apply
None
repayment
One deduction on your paydate
Method
GIRO, bank transfer or at the office
Interest cap (by law)
4% per month
Early settlement penalty
none
Read this first
Three Things to Weigh Before You Borrow Cash in Singapore
01
You nominate the paydate.
We do not choose the date for you. Your salary might land on the 25th, on the last working day of the month, or every week. Whichever it is, the deduction follows your payday rather than a calendar date that suits the lender.
02
GIRO does the rest.
Once the mandate is set up, repayment comes out of your nominated account automatically. You can also pay manually by bank transfer or at our office. Both work, but GIRO is the option that removes the risk of forgetting.
03
Settling early costs nothing.
If you can clear your cash advance before payday, you pay no penalty. Early repayment simply reduces the interest you owe.
why borrowers choose us
Why Borrowers Choose OT Credit for Cash Advance Loans
What borrowers tell us made the difference, in their own words more than ours.
Timed to Your Salary
The repayment lands after payday, never before it. That one detail explains why most of our advances are cleared without a single reminder.
Fast Cash When It Counts
Banks usually take one to two weeks to process a loan. We can often approve within the hour and disburse the same day, which matters when the deadline is tomorrow.
Responsible Lending
We only lend what you can afford to repay. Sometimes that means offering less than you asked for, or telling you that a loan is not the right answer.
Flexible Repayment Terms
Your pay-date may change, or your employer may shift the pay cycle. If so, tell us and we will move the deduction. That conversation costs you nothing.
Flexible Repayment Terms
Your pay-date may change, or your employer may shift the pay cycle. If so, tell us and we will move the deduction. That conversation costs you nothing.
A Licensed Lender You Can Verify
Our licence number is 101/2026, and it is listed on the Ministry of Law registry. We have a landline and a shopfront you can walk into.
Borrowing Every Month?
Needing a cash advance every month usually means the product is wrong, not you. Call us and we will talk through the alternative.
three steps
How to Apply for a Cash Advance Loan in Singapore
step one
Apply Online or Walk In
Fill in the form on this page, or visit our Jurong East office. Either way takes about five minutes.
step two
Speak to a Loan Officer
We call you back, usually within the hour during opening hours. The officer will tell you exactly which documents to bring.
step three
Sign and Collect
We verify your identity and income, sign the contract with you, and pay out the money the same day by cash or cheque.
One point worth being clear about
Singapore law requires every licensed moneylender to verify your identity face to face at their approved place of business before releasing any money. A loan approved and paid out entirely online is not permitted here. If someone offers you that, they are not licensed.
Frequently Asked Questions?
Cannot see your question? Call 6292 0119 during opening hours and ask a loan officer directly.
What is a cash advance loan?
A cash advance loan is a short-term personal loan meant to cover expenses until your next salary. You receive the money upfront and repay it in a single deduction on your payday. There is no long installment schedule.
Who can apply for a cash advance in Singapore?
Singapore citizens, permanent residents, and foreigners with valid work passes can apply, as long as they are 21 or older and have a regular income. Foreigners also need proof of local residence. The amount we can lend depends on your income, as the Moneylenders Act requires.
What documents do I need?
Bring your NRIC or work pass and your latest payslips or CPF contribution history. You also need proof of address, such as a utility bill or tenancy agreement. Your loan officer will confirm the exact list when they call you.
How fast can I receive the money?
If you submit your documents during opening hours, approval often takes under an hour. Most applicants collect their cash advance the same day after signing the contract at our office.
How much interest will I pay?
Licensed moneylenders cannot charge more than 4% interest per month. The law also caps total charges, including interest, late fees, and admin fees, at no more than the principal you borrowed. Your contract lists every cost before you sign.
What happens if I miss my repayment date?
Late interest and a late fee of up to S$60 per month may apply, both within legal limits. If you know your salary will be delayed, call us before the due date. Moving the deduction costs nothing and avoids the charges.
Is a cash advance the same as advance credit in Singapore?
Not quite. Advance credit in Singapore often refers to a credit card cash withdrawal or a revolving credit line, which keeps charging interest until you clear it. A cash advance loan from a licensed moneylender has a fixed amount, a fixed repayment date, and written terms from the start.
Can I apply for a cash advance entirely online?
You can start your application online, but you must visit our office in person before any money is released. Singapore law requires licensed lenders to verify your identity face to face, so any lender offering fully online disbursement is not licensed.
Apply Now
Loan Enquiry Form
Submit your details for a quote today. A customer service officer will get back to you within one business day.