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.

Payday Loan

Save yourself from payday horror stories -- extraordinarily high interest rates and harassments-- and deal only with legal loan providers with no credit check or good credit score required!

  • Credible loan provider; A1 Credit has been in the business for over 10 years
  • Established reputation; nearly 250 legitimate reviews on Google
  • Get up 1 month of your monthly income, payable within 1 month
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payday loan

Advantages of Getting a Payday Loan with A1 Credit

If you find yourself in need of some extra funds, but don’t want to go into debt by taking out an expensive loan from the bank or credit union then consider getting a payday loan from reliable licensed moneylenders.

These loans are typically small and paid back relatively fast so they won’t have too much impact on your budget. Another advantage is that even if you’re not eligible for traditional lending options these may be available as long as you have proof of income that meets certain requirements.

Your Money Woes Sorted Within The Day

Choose our Company for the Best Payday Loan in Singapore

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Submit your application here.

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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.

Get your Cash Loan

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

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Age 21 and Above Age: 21 Years and above
coin 3 Singaporeans: Min Monthly Income of SGD $2,000
Foreigners: Min Monthly Income of SGD $3,000
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In order to qualify for a loan with us, you need the following documents:
  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 IRAS website)



In order to qualify for a loan with us, you need the following documents:
  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 3 months recent payslip)
  5. Proof of income (bank or account statement)
  6. SingPass (to log into the IRAS website)

Google Reviews

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.

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Avail of Best Payday Loan with the Top Payday Lender in Singapore!

We offer flexible loan plans that best suit your needs!


Payday Loan Frequently Asked Questions

A payday loan is a short-term loan available to any Singaporean employee or foreigner working in Singapore. An emergency could make it possible that you need additional funds to pay for an emergency utility bill, food expenses, or even rent.

With A1 Credit, employees and foreign workers do not have to wait until their next paycheck and suffer hunger, cut-off power, or threatened with eviction by their landlords when they have the option of utilizing payday loans with friendly rates and terms. The Ministry of Law fully regulates our activities and ensures we respect our borrowers’ rights to ensure fairness in all transactions.

It comes very often that online lenders get a bad reputation due to the fact that loan sharks take advantage of desperate borrowers in dire need of their salary amount in advance. Then, the fraudulent online payday loans and increase the interest rates or charge unfair penalty fees that trap the borrower and send them into deep, unmanageable debt. 

With the Ministry of Law regulating legitimate payday lender, employees have an opportunity to safely advance their salary without any unfair charges. Indeed, payday loans are legal.

A1 Credit’s unsecured payday loan is your safest bet when you’re in need of immediate cash.  With no collateral required, you can easily repay the loan within the month or on your next payday.

Remember to keep your wallet full and your debt low by remembering to pay on time. Late fees can pile up if you’re not careful about paying on time, so be sure to keep an eye out for when the payment’s due.

Here are some advantages of taking a payday loan in Singapore:

  • Receive your loans immediately with a low-interest rate upon contract agreement
  • Payday loans allow you to use the money as you see fit to cover all that unexpected expense
  • You do not need to worry about your bad credit report
  • Quick funds for emergencies

Just like any other loans, there’s some disadvantage of taking a payday loan in Singapore:

  • Late repayment has the tendency to cause it to snowball into a massive amount that you may not be able to pay back due to interest rates
  • Can significantly affect your credit score or credit history

The difference between a payday loan and a personal loan in Singapore is that payday loans are effectively short-term loans. A payday loan requires you to repay the lenders when you receive your next paycheck.

Meanwhile, a personal loan in Singapore has a longer loan repayment period due to the more considerable amount of loan you have taken out. With personal loans, you are allowed to borrow money up to six months’ worth of your salary and let you repay monthly until the personal loans’ amount is paid off.

Most money lenders including A1 Credit can only advance you one month’s salary when taking on a payday loan. You must repay these loans within your consecutive salary cut-off. You cannot get an advance higher amount than your regular monthly salary from a payday loan.

Thus, this loan service is excellent for those who need quick funds to tide them over to the next payday without having to worry about their inability to receive personal loans due to their bad credit score.

According to Singapore’s Ministry of Law, the maximum interest rate that moneylenders can charge is 4% per month. This cap applies regardless of the borrower’s income and whether the loan is an unsecured or secured one.

The licensed moneylenders accredited by the Registry of Moneylenders are obligated to adhere to all the established lending guidelines, interests, and service fees in order for them to operate. Here’s a list of legal fees that moneylenders can only charge to borrowers:

  • 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.

Should a borrower fail to repay the loan on time by the due date, the maximum rate of late interest a moneylender can only charge is 4% per month for each month the loan is repaid late. Meanwhile, A1 Credit offers interest rates for a business loan ranging from at least 5% to 15% per month.

You may always loan up to six times your monthly income with an annual income above $24,000. Licensed money lenders in Singapore 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 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

  1. Never borrow to pay off another debt
  2. Ask yourself if you really need the loan and what is your purpose behind it.
  3. Understand the term of the loan, from its total cost, repayment schedule, interest, and other fees.
  4. Verify if a moneylender is licensed by the Ministry of Law and is fully compliant with the Moneylenders Act, like A1 Credit.

While most mainstream banks require at least a day for loan applications to be approved, licensed money lenders, such as A1 Credit assure that you can get your money shortly after an hour!

Most licensed moneylenders offer payday loans which you can easily check from the list of the Registry of Moneylenders, under the Ministry of Law in Singapore here.

A1 Credit is one of the most reliable licensed moneylenders in Singapore. With a greatly experienced team, we provide a wide variety of solutions for every borrower that needs enough money conveniently with the lightest, easiest and flexible repayments possible.

Borrowing money with us is safe as we only impose regulations under the Moneylenders Act and Rules, and we guarantee that all customers — even those with bad financial history — receive money immediately to resolve their financial situation quickly and conveniently.

We have stringently followed the conditions set by the Ministry of Law while providing fair and friendly relationships to customers with our financial product or service to assure that their great time of need is made much easier. Just use our online application facilities to get the services you need instantly!

  1. Low-Interest Rate and Flexible Payment Plans
    Here at A1 Credit, our financial plans are tailored specifically to give you the breather in focusing on what really matters in your life and even in business.
  2. Fast Loans On The Spot
    As one of the most trustworthy money lenders in the country, A1 Credit has made the application processes as simple as possible especially, during emergencies, ensuring disbursing of cash fast within an hour is likely.
  3. 100% Secure and Confidential
    Every application process made with us is private and so is yours, thus, borrowers can assure that as an independent provider, we do not release our clients’ information to any third party.


Get preliminary approval in 30 minutes by applying here
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