A1 Credit SG Pte Ltd is a licensed moneylender (License No. 13/2024) listed in the Registry of Moneylenders, under the Ministry of Law in Singapore.

Best Payday Loan in Singapore

Need cash today? Get a same-day cash advance from A1 Credit to pay your immediate needs!

  • Borrow up to 1 month’s salary
  • Conveniently pay back within 1 month
  • 0 hidden fee
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Apply For a Fast Cash Loan Online

Get your approval in 30 mins by applying here

payday loan

Advantages of Getting a Payday Loan with A1 Credit

Payday loans offer an immediate solution for Singaporeans, Permanent Residents, and Foreigners facing unexpected bills, urgent repairs, or short-term cash flow issues. 

Benefit from competitive interest rates and straightforward repayment terms that align with your payday schedule, all without the worry of long-term debt. 

Ready to get your cash today? Follow the simple steps below for hassle-free access to funds.

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 financial solution for any Singaporean employee or foreigner working in Singapore facing emergency expenses such as utility bills, food costs, or rent. With a payday loan, you can borrow up to one month’s salary and repay within the month or by your next payday. Interest rates range from 1-4% per month. 

Yes, payday loans are legal. The Ministry of Law regulates legitimate payday money lenders, ensuring employees can safely advance their salary without facing unfair charges. This protects borrowers from the exploitation often associated with unregulated loan sharks.

Yes, you can obtain a payday loan from A1 Credit even with a bad credit score. A1 Credit is known for considering factors beyond credit scores, focusing more on your current income and ability to repay. 

A1 Credit, a licensed money lender, offers unsecured payday loans for those in need of immediate cash, providing a safe and reliable financial solution. 


  • No lengthy loan application process
  • Immediate access to cash loan up 1X your monthly salary
  • Unsecured loan
  • No concern over a bad credit report or poor credit
  • Short term loan


  • Late repayment can lead to a snowball effect, creating a massive amount that may be challenging to repay due to interest rates.
  • Can significantly impact your credit score or credit history.

Payday loans are short-term solutions, typically repaid by the next paycheck. Most payday loans offer up to one month’s salary and monthly interest rates ranging from 1-4%.

Personal loans, on the other hand, offer a longer loan repayment term of 6-12 months, allow for larger borrowing amounts up to six months’ salary, and also feature monthly interest rates between 1-4%.

FeaturePayday LoansPersonal Loans
Loan TermShort-term, typically until the next paycheckLonger-term, usually 6-12 months
Loan AmountSmaller amounts, usually up to one month’s salaryLarger amounts, up to 6 months’ salary
Monthly Interest Rate1-4%1-4%

Payday loans are ideal for those with bad credit because they offer quick funds up to one month’s salary without the need for a credit check. Repayment is due by the next payday, making it a convenient option for immediate financial needs.

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.

Payday loans are typically limited to one month’s salary and must be repaid by your next salary cut-off. This means you cannot borrow more than your regular monthly income.

  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.

Your payday loan application can be approved in as little as 30 minutes, ensuring you get quick access to the funds you need. You can receive the cash on the same day at our office.

Numerous personal loan comparison websites offer expert and customer reviews to help you find the best personal loans and moneylenders. For quick cash personal loans, consider visiting A1 Credit at Havelock Road. 

You can also refer to the list of licensed moneylenders from the Registry of Moneylenders under the Ministry of Law in Singapore for more options.

As a licensed moneylender in Singapore, A1 Credit strictly adheres to the Moneylenders Act and Rules, offering fast and convenient financing solutions. Our commitment to fair and friendly financial services, sanctioned by the Ministry of Law, ensures ease during your financial issues.

Reasons to choose A1 Credit’s best payday loan:

  • Versatility: Cash can be used for urgent financial obligations or any personal needs
  • Capped Interest Rate: 1-4% per month as permitted by law.
  • Quick Processing: Swift loan approval and disbursement.
  • No Collateral Required: Borrow without the need for asset security.
  • Licensed Moneylender: Regulated by the Ministry of Law in Singapore.
  • Fair Treatment: Equitable service for all customers, including those with poor financial history.
  • Convenient Online Application: Apply quickly and easily from anywhere with instant approval.


Get preliminary approval in 30 minutes by applying here
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