Best Personal Loan (Singapore)

Everyone wants a better quality of life for themselves after years of tireless hustle. The years grind down, and sometimes, the simple things in life are the most important. 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.

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

4.9 203 reviews

  • Avatar Jonas Santos ★★★★★ a week 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 shop patrol ★★★★★ 2 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 ★★★★★ 8 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 ★★★★★ 2 months ago
    Transaction was fast n smooth. Recommanded!
  • Avatar Jasmine M ★★★★★ 3 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 ★★★★★ 6 months ago
    Nice customer service that will politely explain the details of your contract patiently..
  • Avatar Mohamed Ali ★★★★★ a month 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 ★★★★★ 4 months ago
    Friendly, patient and efficient staff. Explained the procedures and payment plan clearly.
  • A Google User ★★★★★ 4 months ago
    Friendly, patient and efficient staff. Explained the procedures and payment plan clearly.
  • Avatar Mumtaz Begum ★★★★★ 6 months ago
    Very friendly n helpful service given.
  • Avatar razer raihan ★★★★★ 9 months ago
    Very professional staffs unlike others. Very nice office. Very systematic approach on payments and loans. … More
  • Avatar Melissa Tomalin ★★★★★ 9 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.


A personal loan in Singapore is an amount you borrow for any type of purpose. It’s a cash loan you can use to purchase a new smartphone, pay for medical expenses, vacations, and any other kind of want or need requiring an immediate sum you cannot come up quickly, thus needing a loan to address in the fastest time possible.

A personal loan in Singapore is an amount you can borrow for any kind of purpose. Money lenders, who are more flexible than banks, can provide you personal loans up to 6 times your monthly salary.
They will not use your credit scores as a reference. Instead, they will ask about your monthly income and calculate the possibility of you repaying your personal loan within a set time period.
Priorities are an important factor when it comes to personal loans. If you are taking out a personal 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 personal loan in Singapore, consider your capability to repay the loan, the terms and conditions of the loan and its interest rate and if taking the loan leaves you enough for all your needs when making your monthly loan repayment. This helps you avoid financial strains and ballooning interest rates.
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 to the Moneylender’s Act, making us the best choice to fulfill your needs. We offer a variety of loans, such as personal, payday, bridging, business, and foreigner loans to meet the demands of our customers perfectly.
The requirements and eligibility depend on the type of loan you are getting. Please visit here to see if you are eligible to apply.
A1 Credit will only ask for any proof of income you might have. 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.
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:
  • Foreigner Loan – Up to  SGD30,000
  • Payday Loan – Up to one month worth of income
  • Personal Loan – SGD $500 to $50,000
  • Business Loan – SGD $10,000 to $200,000
  • Bridging Loan – SGD $5,000 to $200,000
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, of which we are one (A1 CREDIT SG PTE LTD, Licence number 23/2020), are licensed by the Registry of Moneylenders, which Singapore’s Ministry of Law oversees and regulates. 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.
All licensed money lenders have to comply with advertising laws. All licensed money lenders can list their business in both business and consumer directories for public viewing. They can own websites and create content to inform their customers about their services. Lastly, they can advertise in print or any other media but only within their own premises — they cannot spread their print advertisements in any public establishment. 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 service 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.

You can use personal loans for weddings, but the amount of money you might receive wouldn’t be enough to help you get through the initial expenses.
However, if you and your spouse combine your income with one of you acting as surety, you can increase the total unsecured personal loan amount to help cover the entire cost of the wedding.
You can take your personal loan for all kinds of purposes, and this includes home renovation. With A1 Credit, you would not need to present your collateral and credit score.
You just need to show proof of income that allows us to measure your loan repayment capability. If you are qualified for the personal loan amount you need for home renovation based on your income, then you will gain approval and the amount immediately.
In Singapore, personal loan isn’t really the solution to loan consolidation. For debt consolidation, you need a bigger amount than an unsecured personal 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 personal 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.
Because the total amount of personal loan you can receive is fixed due to the Registry of Moneylenders’ regulations, the best personal loan rates matter greatly. Make sure to shop around different money lenders including A1 Credit to find the best interest rates that work for you and your current income capability.
Personal 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 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 personal loan interest rates.
In addition, if you have good credit scores and decide to work with A1 Credit, you can have lower interest rates too. However, we will never require that you have a good credit score — we’ll give you an amount you can safely borrow based on your income.
You can get up to 6 times your monthly salary for personal loans. The Registry of Moneylenders requires all licensed money lenders to limit the borrowing amount to only this value.
If your income is S$10,000 a month, then you can borrow up to S$60,000. In doing so, you can avoid over-borrowing and potentially getting yourself in dangerous debt.
You can get up to 6 times your monthly salary for personal loans. The Registry of Moneylenders requires all licensed money lenders to limit the borrowing amount to only this value.
So, if you are earning $10,000 a month, you can get up to $60,000. If you’re earning only $5,000 a month, then you can only get up to $30,000.
To figure this out, you will need to identify the item or service you’ll spend it for. For example, an average home renovation can cost about $60,000.
Therefore, if you are earning $10,000 a month, then you can take out 6 month’s worth of salary for your renovation. Anything above 6 months of your salary can drive you deep into debt. In fact, anything above your needed amount is dangerous because money lenders can charge you up to 4% monthly interest plus late penalty fees for your late repayments.
You can get approved for your personal loan with money lenders within 30 minutes. There’s no requirement except to submit the necessary documentation and proof of your income.
The quicker you submit these requirements, the shorter you’ll need to wait for your loan approval period. It’s possible that A1 Credit may ask for additional documents or information from you, which can affect the length of your loan approval time.
With A1 Credit, you would not need to wait for long. Once you have submitted the necessary documents and we have ascertained your paying capabilities, you can receive your loan amounts within 30 minutes.
Money lenders can only charge up to 10% of the principal amount for their loan approval fee. 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. You can usually get a personal loan on bad credit.
In Singapore, personal loans are non-taxable because they’re not income. A1 Credit only takes note of your monthly income when deliberating the maximum loan amount you can borrow.
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 rates and can unlock higher amounts. Unsecured loans come with higher interest rates all the time.
Unfortunately, if you’re unemployed with no source of passive or freelancing income, then it’s unlikely that A1 Credit will approve your loan application. Our lending plans depend greatly on a borrower’s current income or upcoming repayment ability. Having no reference point for deliberation will automatically result in your application being rejected.
For retirees, A1 Credit will use the monthly allowance a retiree has when determining the maximum value a retired borrower can have.
The amount may not be higher than income-generating and employed customers, but they can borrow from A1 Credit within the limits we set.
Personal loans can only get you an amount within 6 times your monthly income. Therefore, it isn’t sufficient for a home or business downpayment. However, you can use it for any purpose and there are lesser requirements compared to a foreigner, business, and other types of 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
The best personal loan is one that you can repay in full regularly, have manageable interest rates, and does not put your debt-to-income ratio in the red.
A1 Credit accepts customers with bad credit scores. A regular income is our basis for loan application approval.
In case you do not have enough income to pay for an emergency, education, food, or utility bills, personal loans are great to have. A1 Credit has the best application and instant-approval process for all borrowers in need of emergency funding in Singapore.
Definitely. If you need money for emergencies or anything at all for a fair price, a personal loan is worth considering.
Your income might not have been sufficient to pay for your desired loan amount. 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 paying 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 interest 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 personal 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, you can drive down interest rates easily.
Yes. However, A1 Credit may deduct your regular bank loan repayments against your net income value, which will lower the maximum personal loan amount you can borrow as well.
A1 Credit is an award-winning and trusted money lender in Singapore that can provide you with protected and dependable personal loan services.
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 personal loan 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 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!

women thumbs up with A1 Credit

Get preliminary approval in 30 minutes by applying here