Foreigner Loan

We recognize that foreign workers help drive Singapore’s economy. To extend our gratitude and helping hand, we offer financial support to our expatriates through our ever-dependable personal loan for foreigners.

Helpful in the following situations:

  • Immediate money transfer to family overseas
  • Advanced house rent deposit
  • Settling-in allowance

Loanable Amount:

Up to SGD30,000


atleast 18 years old for Personal loan

At least 21
years old

Singaporean dollar

Minimum salary of SGD2,000


  1. Passport
  2. Work Permit / S-Pass / Employment Pass
  3. Proof of residence (utility bill or tenancy agreement)
  4. Proof of employment (certificate of employment or recent 3 months payslip)
  5. Proof of income (bank or account statement)
  6. Singpass (To download IRAS NOA)
requirements in getting a loan


Google 4.9 Stars

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.

A1 Credit: Best Licensed Money Lender Personal Loan Singapore Chinatown IconA1 Credit: Best Licensed Money Lender Personal Loan Singapore Chinatown

2 Havelock Road, #02-08 Havelock II

4.9 216 reviews

  • Avatar Jonas Santos ★★★★★ a month ago
    Very good customer service. They will explain everything you need to know. Also, you can get the approved … More loan amount within the day. Highly recommended.
  • Avatar Liza Yasin ★★★★★ a week ago
    Thank you Shermaine for your services. It was easy and breeze. Appreciate it.
  • Avatar Desmond Ng ★★★★★ a month ago
    Friendly staff , doesn't try to rush things , will explain everything in details and let you understand … More .
  • Avatar Lee Shixian ★★★★★ a week ago
    The staff there was very professional and helpful was attended by Tracy NG. Thumbs up for first time. … More
  • Avatar Razina Begam ★★★★★ 3 weeks ago
    They explain very clearly and patiently to me and gave me a loan which i can afford to pay and ease my … More burden abit
  • Avatar shop patrol ★★★★★ 4 months ago
    Shermine very friendly staff and willing to help u all the way. Will definitely intro my family and friends. … More
  • Avatar Michay Abadecio ★★★★★ 10 months ago
    Friendly, fast & easy service available from this good licensed moneylender. My first experience … More with them was from 2018. I am usually served by Jay and he was very pleasant and helpful. He serve with smiles and politely throughout all the loans. He did explained to me clearly and the borrowing is very pleasant and hassle free. My future visits were given warm welcome and they even extended their help to assist me on other problems.
    I am very pleased with their service that they rendered to me when I am facing difficulties. They are the best moneylenders in Singapore that brighten up your day. I would highly recommend everyone if you require their personal loan assistance. Thank you A1 Credit, the best legal moneylenders in Singapore.
  • Avatar Umar Siddiq Armaya ★★★★★ 4 months ago
    Transaction was fast n smooth. Recommanded!
  • Avatar Jasmine M ★★★★★ 5 months ago
    Served by shermine , fuss free and explained everything clearly to me . Would definitely recommend using … More them if you are in a tight pinch.
  • Avatar Mohamad Faiz Mohamad Said ★★★★★ 8 months ago
    Nice customer service that will politely explain the details of your contract patiently..
  • Avatar Mohamed Ali ★★★★★ 3 months ago
    Great experiences being the 1st time application was served by Tracy. Explaination was very cleared, … More helpful, professional and very responsive staff.
    Highly recommended.
  • Avatar Putri Alhafiz ★★★★★ 6 months ago
    Friendly, patient and efficient staff. Explained the procedures and payment plan clearly.
  • A Google User ★★★★★ 6 months ago
    Friendly, patient and efficient staff. Explained the procedures and payment plan clearly.
  • Avatar Mumtaz Begum ★★★★★ 7 months ago
    Very friendly n helpful service given.
  • Avatar razer raihan ★★★★★ 10 months ago
    Very professional staffs unlike others. Very nice office. Very systematic approach on payments and loans. … More
  • Avatar Melissa Tomalin ★★★★★ 10 months ago
    This was my first time filling out an application form for a business loan with licensed Moneylender. … More I am confused and didn't know which company to choose. Then I found A1 Credit. I decided to take a loan from A1 Credit. The loan officer was very friendly and provided me with a business loan. I recommend A1 Credit to everyone.

Business Loan How To


  1. Apply online or call 6336-0833 to set an appointment at your convenience.
  2. Discuss the plan suitable for your budget with our friendly representative.
  3. Read and sign the contract including fees and terms of payment.
  4. Get the cash instantly!


Prior to getting a loan in Singapore, it’s important to consider which is the best money lending company to borrow from and what loans are best suited for your financial needs.

A1 Credit is licensed and regulated by the Ministry of Law and is fully compliant to the Moneylender’s Act in Singapore, making it a reliable and credible company to consider. It also offers a variety of loans, such as personal loans, payday loans, bridging loans, business loans and foreigner loans. The requirements and eligibility depend on the type of loan you are getting.

According to the Ministry of Law Moneylenders’ Act in Singapore, the maximum rate of interest a licensed money lender can charge is 4% per month.

If a borrower fails to repay the loan on time, the maximum late interest rate a money lender can charge is 4% per month for each month the loan is repaid late.

You can verify if a money lender is licensed in Singapore by checking this list by the Ministry of Law.

Under the advertising rules, licensed money lenders are permitted to advertise only through these three channels:

  • Business or consumer directories (in print or online media)
  • Websites belonging to the money lender
  • Advertisements placed within or on the exterior of the money lender’s business premises A1 Credit only has its website and premises to promote our business. In addition, we are in business and consumer listings to get more visibility from would-be borrowers.

All other channels are prohibited. If you receive flyers, SMSes, emails or other forms of advertisements, these would be from either licensed money lenders operating in violation of the rules, or unlicensed money lenders.

All foreigners who hold a valid Singapore Work Pass are eligible to apply for personal loans for foreigners from banks or A1 Credit. You must be above 21 years old and have a local business employ you as a full-time employee.

You must also submit a residential tenancy agreement, bank statement and 3 months recent payslip in order for us to have proof of the length of time you are staying in the country are in line with the rules and regulations.

A1 Credit offers its full roster of personal, business, bridging, payday, and any other types of financing loans that can fulfil all your financial needs while living in Singapore.

The differences between a personal loan, foreigner loan, and a payday loan are the requirements and eligibility, loan amount, and the repayment period.

A personal loan allows you to borrow up to six months’ depending on your annual salary with a monthly repayment until the loan is paid off.

A foreigner loan is also a type of personal loan but is dedicated to foreigners that have different eligibility and requirements compared to Singapore nationals.

On the other hand, a payday loan allows you to borrow up to only one month’s worth of your salary that must be paid back in less than a month.

You could research on Google and see their reviews online. In addition, the Registry of Moneylenders has also provided a list for all licensed moneylenders in Singapore on their website.

For secured loans, the foreigner can obtain a loan of any amount. For unsecured loans, if the foreigner’s annual income is less than $10,000, the maximum loan amount that A1 Credit can offer is $500. If the foreigner’s annual income is above $10,000 but less than $20,000, the maximum loan amount that A1 Credit can offer is $3,000. Lastly, if your annual income is above $20,000, the maximum loan amount that A1 Credit can offer is 6 times of your monthly income.

Local Singapore laws indicate that foreigners in Singapore can only get a loan six times their monthly salary if the annual salary is above $20,000.

If you are earning $10,000 per month, the maximum loan amount that A1 Credit can offer is $60,000. Of course, the approval is subject to the money lender’s decision.

A1 Credit is one of the most reputable and reliable sources of foreigner loans in Singapore. We offer only the fairest terms, low-interest rates, and a loan tenure that would suit your needs.

All we require is your financial capability to repay your loan, your length of stay, work permit and employment in Singapore. Your loan application will be approved in the shortest amount of time possible — just as locals do — once you submit the requirements to us.

Foreigners in Singapore needs to have the following documents in order to get their loan applications approved:

  • Passport
  • A valid Singapore work permit/pass
  • Proof of residence
  • Proof of employment
  • Proof of income
  • Singpass (To download IRAS NOA)

The maximum interest rate that A1 Credit can charge is 4% per month. This cap applies regardless of your income and whether the loan is an unsecured or secured one.

What is the maximum late interest rate I would be a charge for a foreigner loan?

If a foreigner fails to repay their loan on time, the maximum rate of late interest that A1 Credit can charge is 4% per month for each month the loan is repaid late.

The maximum fees money lender can charge is not more than S$60 of late monthly repayments. For administrative fees, it must not go beyond 10% of the loan’s principal once the loan is approved. However, moneylenders in Singapore can charge customers for legal costs when processing a successful money lender’s legal claim.

Foreigners can only borrow up to six times their monthly salary. Therefore, if you are committing yourself to a foreigner loan, make sure you can handle any interest rate inflations once you fail to pay your repayments.

If it feels risky even after you have performed your loan assessments, then it might be best to consider taking on a lower amount instead to suit your needs.

With A1 Credit, you would not need to wait for long. Once you have submitted the necessary documents for your foreigner loan and we have ascertained your paying capabilities, you can receive your cash loan instantly after signing the loan contract.

You could research on Google and see their reviews online. In addition, the Registry of Moneylenders has also provided a list for all licensed moneylenders in Singapore on their website.

A1 Credit has one of the fastest and most convenient online loan application platforms. Upon confirmation, you will need to visit our office to sign the application forms and loan contract. Do remember to carefully read through the terms and conditions before signing.

A1 Credit is among the finest, trusted and most dependable legal moneylenders in Singapore. With a greatly experienced team, we provide a wide variety of solutions for every borrower that needs cash conveniently with the lightest, easiest and flexible repayments possible.

Our team always aims to help people greatly in need of money but are limited by their credit scores. With us, it is guaranteed that we do away with long approval times and even bad credit history. More importantly, we only practice and impose guidelines and all the regulations the Moneylenders Act and Rules allow lenders like us to, and we ensure that all customers- even those with bad financial records – receive immediate financing to resolve their worries quickly and with ease.

We observe full transparency and honesty with all our customers, making sure to answer your most important question for us to your satisfaction and meet your demands. We have stringently followed the rules under the Ministry of Law while providing fair and friendly relationships with borrowers with our services to assure that their great time of need is made easier.

Just use our online application facilities to get the services you need in no time. Rest assured, that with A1 Credit you will always get excellent service and be in good hands.

Moreover, A1 Credit is known for its three strong points:

1. Fast cash loans on the spot.

Whenever a financial emergency occurs, time is vital and every second counts. You discover yourself needing quick money to resolve the problem and no on to turn to. We are all aware how traditional institutions are often slow in offering loans to help out, and most of you might not want to turn to colleagues and relatives for their aid.

As one of the most trusted and recommended legal money lending companies in Singapore, A1 Credit has guaranteed the application processes for loans are simple. All borrowers have to do is apply and sign an agreement for us to disburse your cash within an hour.

2. Low-interest rates and flexible repayment plans.

With A1 Credit, you need not to worry about your bad credit as our mission is to always help all clients whether through their financial worries. Our plans and packages are tailored specifically to give you the breathing space to focus on what really matters in your life and business.

3. 100% secure and confidential.

Every application made with A1 Credit is private and so is yours. At the same time, the loan application will not affect your current credit score. As an independent provider, we ensure that we do not release our clients’ information to any third party.

For a clearer view on how to apply:

1. Apply for your loan either via

  1. Walk-in
  2. Phone call. Reach us at 6336 0833
  3. Online. Upon your application here, we will call you within 30 minutes

2. First Approval

If you are seeking a loan over the phone, we will ask you some preliminary questions to determine your eligibility. By then, we will invite you down to our office to get to know you better prior to processing the whole application for you.

3. In-person Consultation

When you visit the office, you are free to ask queries or clarify your doubts with us. You will also be required to present your documents for our verification. Upon examining your case, our friendly loan officer will offer you an amount and elaborate the terms and conditions that fit your loan package for your better understanding.

4. Agreement Signing

Should you agree to the loan amount and its repayment terms, our loan officer will provide you with a printout of the contract to sign which may take only ten minutes.

5. Receive your Cash Loan

Once the contract is signed, you will get the money on the spot, hassle-free!

women thumbs up with A1 Credit

Get preliminary approval in 30 minutes by applying here