Monday to Saturday: 11 am to 7 pm
(Sundays by appointment only)
Closed on Public holidays

You may fill up our online form here & our staff will be in touch with you. Alternatively, you could call us @ 6333 9061 or walk into our conveniently located office at #01-08 Sim Lim Square.

To obtain a loan from a moneylender, you would need proof of income (payslips or bank deposit slips) for the most recent 3 months, proof of residence (bills that match your ID information), and your ID card. If unsure we strongly suggest calling in to confirm all details at 6333 9061.

You will still be able to loan as long as you have not exceeded the cap based on your salary. Please take note we also have to do our in-house due diligence before granting the loan.

Based on your annual salary:

• If you earn less than $10,000/- annually,Singaporeans & permanent residents may loan up to $3,000/-.
  For foreigners residing in Singapore, you will be able to loan up to $500/-.

• If you earn more than $10,000/- but less than $20,000/- annually,
  Singaporeans & Permanent residents may loan up to $3,000/-. For foreigners residing in Singapore, you will be able to loan up to $3,000/-.
  
  If you earn $20,000/- and upwards annually,
  Both Singaporeans & foreigners residing in Singapore can borrow up to 6 X their monthly salary.
  
  Source: Ministry of Law
  Still unsure? Contact us now

The following information is presented in a summarised manner and we urge you to visit the source link or call us for a more in-depth explanation if the need arises.

Fees associated with Loans applied from Money lenders based in Singapore :

• Money lenders in Singapore can only charge a maximum of 10% of the loan principal as an upfront fee.

• There is also a $60/- late fee that is imposed every month for late repayment.

• There are also Legal costs that could arise when ordered by the court for a successful claim by the moneylender for the recovery of the loan.

Interest rates associated with Loans applied from Money lenders based in Singapore :

• Moneylenders in Singapore can only charge up to 4% interest per month on a loan regardless of income & loan type.

• in the event of late repayment Moneylenders in Singapore can charge a 4% late interest fee per month for each month the loan remains unpaid.

Source: Ministry of Law

Still unsure? Call us

Source: Ministry of law

Typically if all requested documents are in order, you could receive approval in under 45mins.

Yes, it’s important to note that employment status is a crucial deciding factor in granting a personal loan.

Yes, freelancers and self-employed individuals may apply for a personal loan with relevant proof of earnings. Call us: 6333 9061 if unsure.

Interest rates for personal loans from moneylenders in Singapore vary but they cannot exceed 4% a month.