Personal Loan Singapore

Two ways. Retrieve your details through Singpass, which pulls your income and CPF information across automatically and saves you hunting for payslips. Or fill in the manual form if you prefer typing things yourself. Either way we call you back within one business day. You will still need to visit the office in person to verify your identity and collect the money, since that part is required by law.

It depends on your income and your residency status. Singapore Citizens and PRs earning under $20,000 a year can borrow up to $3,000 across all licensed moneylenders combined, and six times monthly income above that. For foreigners living in Singapore, it is $500 if you earn under $10,000 a year, $3,000 between $10,000 and $20,000, and six times monthly income above $20,000. These caps count every licensed lender you owe, not just us, so existing loans reduce what is available

Anyone aged 18 to 65 with a provable income. Employed, self employed, driving for a platform, earning on commission, all fine. Singapore Citizens, PRs and foreigners with valid work passes can all apply for a loan in Singapore with us.

Anything legitimate. Medical costs, education fees, home repairs, a wedding, clearing an outstanding bill. We will ask what it is for, because that helps us structure the repayment sensibly, but there is no restricted list.

Set by your profile and the loan terms, and always within the legal ceilings of 4% monthly interest, a 10% administrative fee, 4% monthly late interest and a $60 monthly late fee. Every applicable charge appears in your contract before you sign.

Often, yes. We look at whether you can repay now rather than only at what went wrong before, so a weak score does not rule you out by itself. Approval still depends on a credit check and an affordability assessment, because the law requires both. Be cautious of anyone advertising guaranteed approval, since no licensed lender is able to promise that.

Banks lean heavily on your credit score and usually take one to two weeks to process. Private loans in Singapore from a licensed moneylender are unsecured, approved much faster, and available to people whose credit history is not spotless. The trade off is a higher rate and a shorter term, so banks still make more sense for large long term borrowing.

Yes, with a valid work pass. Bring the passport and the pass together, plus your employment letter or payslips and proof of a local address. The same caps and legal protections that apply to Singaporeans apply to you.

Call us before it happens rather than after. Late interest of up to 4% a month applies to the overdue amount, plus up to $60 for each late month, and it goes on your MLCB record. If things get tight, speak to your officer early. A revised plan almost always beats letting it slide.