Personal Loan

With all the hard work you have been hustling all these years, enjoying such simple pleasures is a much-deserved reward for yourself. Be it a much-awaited vacation, home improvement, or wedding preparation, we offer suitable Personal Loan for whatever needs and wants you please.

Helpful in the following situations:

  • Big-ticket expenses
  • Wedding expenses
  • Medical bills

Loanable Amount:

SGD $500 to $50000

Eligibility

At least 18
years old

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

Requirements for Foreigners
(minimum Income > $2,000.00)​

  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)

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

  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 (password to log into CPF, HDB, IRAS website)

HOW TO APPLY

  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!

LOAN FAQS

Before getting a loan, it is important to consider which is the best money lending company to borrow from and what is/ are the loans suitable for your needs. 

A1 Credit is licensed and regulated by the Ministry of Law and is fully compliant to the Moneylender’s Act, making it a reliable and credible company to consider. It also offers variety of loans, such as personal, payday, bridging, business, and foreigner loans. 

The requirements and eligibility depend on the type of loan you are getting. Please visit here to see if you are eligible to apply. 

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

  • Foreigner Loan – Up to  SGD10,000
  • Payday Loan – Up to one month worth of income
  • Personal Loan – SGD $500 to $50000
  • Business Loan – SGD $10,000 to $200,000
  • Bridging Loan – SGD $5,000 to $200,000

According to the Ministry of Law, if a borrower fails to repay the loan on time, the maximum rate of late interest a moneylender can charge is 4% per month for each month the loan is repaid late.

You can verify if a moneylender is licensed by checking this list by the Ministry of Law.

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

  1. Business or consumer directories (in print or online media)
  2. Websites belonging to the moneylender
  3. Advertisements placed within or on the exterior of the moneylender’s business premises. All other channels are prohibited.

If you receive flyers, SMSes, emails or other forms of advertisements, these would be from either licensed moneylenders operating in violation of the rules, or unlicensed moneylenders. 

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