A1 Credit SG Pte Ltd is a licensed moneylender (License No. 20/2023) listed in the Registry of Moneylenders, under the Ministry of Law in Singapore.

CPF Personal Loan

A1 Credit offers fast and convenient financial assistance
to tide over dire situations. Borrow confidently with
CPF Personal Loan and receive immediate financing within 1 hour!

  • Low-interest rates from 1 to 4% only
  • Manageable repayment terms
  • Borrow up to 6 times your monthly income
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Helping Retirees Resolve Their Financial Needs With CPF Personal Loan

Find yourself in need of extra funds, but don’t want to take out an expensive loan? To resolve your financial woes, you may turn to a simple, reliable CPF personal loan. A CPF loan works like an unsecured personal loan and you can borrow up to 6 times your monthly income.

CPF personal loans are a new initiative where you borrow against your CPF savings. This type of personal loan allows you to use your CPF savings to apply. CPF personal loans are available to individuals who are turning 55 years old.

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Your Money Woes Sorted Within The Day

Choose our Company for the Best Personal Loan in Singapore

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Submit your loan application. Get Your Quote Today.

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Visit the office

Upon assessing your case, our loan officer will offer you an amount and explain the terms and conditions of the loan for your understanding.

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Signing the Loan Agreement with the Moneylender

Once you agree to the loan amount and repayment terms upon discussion, our loan officer will print out the contract for you to sign.

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Get your Cash Loan

Once the contract is signed, you will receive the cash instantly, hassle-free.

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18 Age: At Least 54 Years Old Individuals who are about to reach 55 years old can apply for CPF personal loan.
coin 3 Minimum Salary: Singapore Citizen or Permanent Resident: S$2,000
coin 3 Eligible To Withdraw: At Least S$5,000 from Special or Ordinary Account Savings
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  1. Identity card / NRIC
  2. Proof of residence (utility bill, a letter addressed to you, and/or tenancy agreement)
  3. Proof of employment (certificate of employment or 3 months recent payslip)
  4. SingPass (to log into CPF, HDB, IRAS website)

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A1 Credit has always made our customers our priority, and we are very grateful that our efforts are recognized. These are just some of the comments we’ve received over the years on Google Review.

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CPF Personal Loan Frequently Asked Questions

  • A CPF Personal Loan is a new initiative with a similar concept to an unsecured loan. It provides borrowers with immediate cash for both planned and unplanned expenses, such as home repairs or credit card bills payment.

    To apply for this personal loan, you will be using your CPF savings to apply. You can borrow up to 6 times your monthly salary and the interest rate is capped at 4% per month. To qualify, you need to be at least 54 years old or turning 55 years old.

    You can pay off the personal loan as soon as you can withdraw one lump sum from your Ordinary or Special CPF account at age 55.

Before you take up a personal loan from any lender, make sure to verify their credibility and license. The money lender must be licensed by the Ministry of Law and is fully compliant with the Moneylenders Act, like A1 Credit.  

Once you’ve verified that they are on the list of licensed money lenders in Singapore, here are other things to consider:

  • Compare the best CPF personal loan packages and find the one that best suits your needs and ability to pay.
  • Never borrow to pay off another debt.
  • Make sure you understand the terms, tenure, and interest rate of the loan.
  • Ask for a repayment schedule before you get a CPF personal loan.
  • Ask yourself if you can afford the monthly payments.
  • Licensed money lenders will always ask you to sign a complete loan contract.

According to Singapore’s Ministry of Law, the maximum interest rate that A1 Credit and other moneylenders can charge is 4% per month, regardless of your income.

What are the other fees and charges that a moneylender can charge?

  • a fee not exceeding $60 for each month of late repayment;
  • a fee not exceeding 10% of the principal of the loan when a loan is granted; and
  • legal costs ordered by the court for a successful claim by the moneylender for the recovery of the loan.

If you fail to make repayments on time, the maximum late interest that a moneylender can charge is 4% per month for every month the loan is repaid late.

Unlike banks and other financial institutions, licensed money lenders, such as A1 Credit can disburse your cash loan as quickly as possible. With A1 Credit, you can get your CPF personal loan approval within 30 minutes. Just make sure to submit the necessary documents for your loan.

Once may always loan up to six times their monthly income with an annual income above $24,000. However, licensed moneylenders in Singapore can allow you to borrow much more above your income if you apply for a secured loan (with collateral).

The amount of money you can loan also varies depending on the legal requirement and qualification of the loan. Here’s the list of loanable amount A1 Credit offers:

  • Bridging Loan – SGD $5,000 to $200,000
  • Business Loan – SGD $10,000 to $200,000
  • Foreigner Loan – SGD $500 to $30,000
  • Payday Loan – Up to one month worth of income
  • Personal Loan – SGD $500 to $50,000

The quick answer is yes, you can. As long as the loan amount is within the loan quantum as per Ministry of Law and you are eligible to withdraw CPF savings, as per cpf.gov.sg at age 55.

However, in some cases, the licensed money lender will analyze your financial situation and repayment capability. Your loan application will still be subject to evaluation to ensure that you don’t over-borrow.

With A1 Credit, you can borrow up to 6x your monthly income. Note that the maximum loan amount you can borrow will depend on the savings you have in your CPF account.

Traditional personal loans and CPF personal loans are fairly similar. However, they differ in age requirements as well as the maximum loan amount you can borrow. Lastly, you need to be eligible to withdraw at least S$5,000 from your CPF savings to qualify for a CPF personal loan.

Personal Loan

  • Must be at least 21 years old
  • Borrow up to 6x monthly income
  • 1% to 4% interest rate per month
  • 6 to 12 months loan tenure

CPF Personal Loan

  • Must be at least 54 years old or turning 55 years old
  • Borrow up to 6x monthly income
  • 1% to 4% interest rate per month
  • 1 to 6 months loan tenure or until your 55th birthday
  • Must be eligible to withdraw at least S$5,000 from Special or Ordinary Account Savings

The repayment period of a CPF Personal Loan is between 1 to 6 months or until your 55th birthday.


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