A1 Credit Pte Ltd is a licensed moneylender (License No. 23/2020) listed in the Registry of Moneylenders, under the Ministry of Law in Singapore.

Best Personal Loan (Singapore)

Be it a much-awaited vacation, home improvement, wedding preparation, or even something untoward like a family emergency or hospitalization bill, we offer the best personal loans in Singapore to suit your every need and wants.

Helpful in the following situations:

  • Big-ticket expenses

  • Wedding expenses

  • Medical bills

Loanable Amount:

From SGD $500 to $50,000


atleast 18 years old for Personal loan

At least 18
years old

Singaporean dollar

Minimum salary of SGD1,500 for
local & PR;
SGD2,000 for foreigners

Requirements for Local & Permanent Residents (PR)
(minimum Income > $1,500.00)

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 CPF, HDB, 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)

Apply For A Loan With The Most Reliable Money Lender In Singapore Now!

We have flexible loan packages catered to your every need

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!


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.

    5 star review  Very good customer service. They will explain everything you need to know. Also, you can get the approved loan amount within the day. Highly recommended.

    thumb Jonas Santos

    5 star review  Friendly staff , doesn't try to rush things , will explain everything in details and let you understand .

    thumb Desmond Ng

    5 star review  Thank you Shermaine for your services. It was easy and breeze. Appreciate it.

    thumb Liza Yasin

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

4.9 224 reviews

  • Avatar Jonas Santos ★★★★★ 3 months 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 Janice Teo ★★★★★ 3 weeks ago
    Steven Huang has helped me on my application. He listen to my situation patiently and explained to me … More carefully on all my questions. His service is really excellent. Thank you Steven.
  • Avatar Liza Yasin ★★★★★ a month ago
    Thank you Shermaine for your services. It was easy and breeze. Appreciate it.
  • Avatar Desmond Ng ★★★★★ 2 months ago
    Friendly staff , doesn't try to rush things , will explain everything in details and let you understand … More .
  • Avatar elsie tiew ★★★★★ a week ago
    I am very plse with the whole process. It's very professional n very pleasant approach. I would … More recommend my friends neefv
  • Avatar Lee Shixian ★★★★★ a month ago
    The staff there was very professional and helpful was attended by Tracy NG. Thumbs up for first time. … More
  • Avatar Razina Begam ★★★★★ 2 months 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 ★★★★★ 5 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 ★★★★★ 11 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 ★★★★★ 5 months ago
    Transaction was fast n smooth. Recommanded!
  • Avatar Jasmine M ★★★★★ 6 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 ★★★★★ 9 months ago
    Nice customer service that will politely explain the details of your contract patiently..
  • Avatar Mohamed Ali ★★★★★ 4 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 ★★★★★ 7 months ago
    Friendly, patient and efficient staff. Explained the procedures and payment plan clearly.
  • A Google User ★★★★★ 7 months ago
    Friendly, patient and efficient staff. Explained the procedures and payment plan clearly.
  • Avatar Mumtaz Begum ★★★★★ 8 months ago
    Very friendly n helpful service given.
  • Avatar razer raihan ★★★★★ 11 months ago
    Very professional staffs unlike others. Very nice office. Very systematic approach on payments and loans. … More
  • Avatar Melissa Tomalin ★★★★★ a year 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.


A personal loan is money you borrow for any personal reason. It’s a financial buffer ideal for paying medical expenses, vacations, and other emergency purposes. It is also known as a foreigner loan that is available for Singapore expatriates.

Personal loans Singapore can also be used for debt consolidation to combine multiple debts into a single, lower-cost monthly repayment. These are also deemed to be unsecured loans wherein borrowers don’t need to put up any collateral. Instead, A1 Credit approves loans by evaluating your ability to repay the loan.

Priorities are an important factor. If you are taking out a loan so you can enjoy a vacation while other more urgent bills are unpaid, it is a direct path to being further indebted.

When taking out a loan in Singapore, you should always consider your capability to repay the loan, the terms and conditions of the loan, and interest rates and if taking the loan leaves you enough for all your needs when making your monthly loan repayment.

It is also important to consider which is the best money lending company to borrow from and what loans are best suited for your needs. A1 Credit is licensed and regulated by the Ministry of Law and is fully compliant with the Moneylender’s Act. We offer a variety of loans, such as personal, payday, bridging, business, and foreigner loans.

A1 Credit will ask for proof of income. It can be your payslip, recent invoice from a freelance client, an average income per month in your business, and other forms of proof. We’ll only ask for identification documents after we’ve deliberated and given you the amount you can borrow from us.

For citizens and permanent residents:

  • Identity card / NRIC
  • Proof of residence
  • Proof of employment
  • SingPass (to log in to CPF, HDB, IRAS websites)

For foreigners in Singapore:

  • Passport
  • Work permit
  • Proof of residence
  • Proof of employment
  • Proof of income
  • SingPass (to log in to IRAS websites)

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

According to the Ministry of Law Moneylenders’ Act, 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.

Legitimate money lenders are licensed by the Registry of Moneylenders. Licensed money lenders must never use abusive language, ask for delicate or sensitive customer information, retain the original copies of important documents, ask you to sign incomplete contracts or ill-explained contract terms and conditions, and more. You can verify if a money lender is licensed 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

All other channels are prohibited. If you’ve received 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.

Licensed money lenders can only charge up to S$60 or penalty fees for each late repayment per month. In addition, there are other fees such as loan application approval and processing fees that can only take up to 10% of the principal loan. Lastly, money lenders can charge you for successful money lender legal claims for loan recovery.

Sureties are guarantors that the borrower will pay for the loan on time and in full. Sureties must receive their Note of Contract upon the borrower’s successful application.

Yes, this type of loan can be used for any personal reasons, such as home renovation, weddings, among others.

Yes. For debt consolidation, you need a bigger amount than an unsecured loan can provide. The goal is to pay off all your existing debt with one single but big amount from a money lender. This way, the amount will allow you to pay off your debts and help you take your first steps to recover financially.

You are eligible for loans if you are capable of repaying your debts with your current income. Money lenders have the right to refuse your application if your income is incapable of shouldering 100% of your monthly scheduled repayments. For example, if you plan to take out $100,000 but your monthly net income only gets you $4,000 left for debt repayments, you won’t get approved.

Loans with low interest rates depend on whether you have a secure or unsecured loan. A1 Credit will approve unsecured loans provided if customers have enough income to pay for their financing. Secured loans have lower interest rates and even unlock higher amounts for customers.

Having collateral such as properties, real estate, bonds, collections and other items and objects of value can help lower your interest rates. In addition, if you have good credit scores and decide to work with A1 Credit, you can have lower interest rates too.

Here is the break down of how much can you borrow set by The Registry of Moneylenders Singapore to void over-borrowing and potentially getting yourself in dangerous debt:

Borrower’s annual incomeSingapore Citizens and Permanent ResidentsForeigners residing in Singapore
Less than $10,000$3,000$500
At least $10,000
and less than $20,000
At least $20,0006 times monthly income6 times monthly income

You can get approval for your loan within 30 minutes. However, it’s possible that we may ask for additional documents or information from you, which can affect the length of your loan approval time.

  • Make sure you always pay your loan on time and in full to avoid late interest payments and fees.
  • Check if your money lender always sends you your statement of accounts every six months ending 30th June and 31st Dec. Please retain them for future documentation and claims if necessary.

If you have bad credit, it’s not a problem when it comes to borrowing money from money lenders. At all times, they’ll always consider your income first before your credit scores. Banks prioritize credit scores in determining your qualification to take out financing. This isn’t a problem you need to deal with when it comes to money lenders.

Personal loans aren’t automatically secured. Instead, customers have to present items and properties of value that can help secure the loan. For example, listing part of a borrower’s fully-paid property as collateral is a way to secure a loan. In doing so, customers lower their interest rate and can unlock higher borrowing amount. Unsecured loans come with higher interest rates all the time.

Here are some of the advantages:

  • Fast processing time – It’s the best option to borrow money quickly, particularly in the case of an emergency.
  • Collateral is not required to secure a loan – It is an unsecured loan and it’s not tied to an asset.
  • Fixed Interest Rates – The repayment amount is fixed each month
  • Early Repayment – You can make a full or early repayment and even receive a discount on the interest rate
  • Bad Credit – You will be able to secure a loan even with bad credit history in Singapore


Most personal loans are unsecured, therefore the interest rate is in fact relatively higher than that of secured loans.

Upon receiving your income, you deduct it for utilities, budgets, and debt payments. If your debt payments put your income in the red, then you have a bad income ratio. This is A1 Credit’s basis for granting hassle-free loan amounts to loan applications.

Definitely. If you need money for emergencies or anything at all for a fair price, is worth considering and in case you do not have enough income to pay for an emergency, education, food, or utility bills, personal loans are great to have.

Your income might not have been sufficient to pay for your desired loan. In addition, you might have failed to submit related documents within the time limit our personnel have set. However, you’re always welcome to re-apply for a loan once again.

Debt consolidation services from A1 Credit will help you build credit by allowing you to pay off all your existing debts as much as personal loans can permit. If this pays off your total debt, it will restore your credit score, and you’ll only need to pay a single repayment with a fixed rate regularly.

If your budget does not permit you to take any more financial commitment, then personal loan repayments can affect your car loans negatively.

Yes. If you’re currently paying for an HDB loan, we will reduce your HDB repayments against your net income value, which will affect the available loan amount you can borrow.

Debt consolidation through personal loans can help your credit scores recover and turn positive once again.

If you can use collateral to secure your loan in Singapore, you can drive down the interest rates easily.

Yes, you are still eligible for a personal loan in Singapore. However, A1 Credit may deduct your regular bank loan repayments against your net income value, which will lower the maximum loan amount you can borrow as well.

Yes. This will accelerate the immediate closure of your pending loan and interest discount will be given. If you have the lump-sum value of your loan amount on hand, you can deposit it straight to A1 Credit immediately. We will consider it as fully-paid — but make sure to inform our personnel about your transaction.

A1 Credit is an award-winning and trusted money lender in Singapore that can provide you with protected and dependable loan services and 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. Click here to get started today!

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