LOAN APPLICATION FORM
Welcome to Personalloan.com.sg
Step 1
APPLY ONLINE
Submit your details using our form
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Step 2
GET AN OFFER
We will contact you and provide the Loan Details
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Step 3
Get Cash
Visit our office to complete the paper work and get instant cash
Reviews
Top-Rated Online
Personal Loan Service
"We approved your loan within one hour"
your life style. You can get your loan within the same day.
Licensed moneylender Plateform
We are licensed money lender in Singapore since 2010 and cost of borrowing follow the guideline of Registry of Moneylender which give peace of mind and solve your financial crisis legally.
How It Works in 3 Simple Steps
We make it easier, faster and affordable for you to taking up a loan without the need to search and compare other moneylenders. We are licensed by the Registry Of Moneylender and this give you peace of mind. We have simplified the procedure and and you will be am
Step 1- Tell Us How Much You Need
Apply using our online form and provide us your details.
Step 2 - Receive Offer and Reply
Received loan Offer details and the required documents
Step 3 - Accept the Offer and Office
Complete the contract with your documents & collect your CASH instantly.
TYPE OF LOAN
FOREIGNER LOOK FOR A LOAN?
As a foreigner living in Singapore, if you’re strapped for cash, you can either approach the bank or a licensed moneylender.
NOT QUALIFY FOR BANK LOAN?
For low income or personal no access to bank loan. Apply now and you will amaze how fast and easy to solve your financial situation.
MONTHLY INSTALLMENT LOAN?
Schedule a fixed payment amount on your requested or pay day date for every month.
HOW MUCH CAN YOU LOAN?
Borrower's annual Income
Singapore Citizens and Permanent Residents
Foreigners residing in Singapore
| Less than $10,000 | $3,000 | $500 |
| At least $10,000 and less than $20,000 | $3,000 | $3,000 |
| At least $20,000 | 6 times monthly income | 6 times monthly income |
The Costs
The interest rates
Interest Rate
4% Per Month
Permitted Fees
Types of permitted fees Charges
A LATE FEE not exceeding $60 for each month of late repayment
A LATE INTEREST of 4% per month for each month if the loan is repaid late
* For default payment, legal costs ordered by the court for a successful claim by the moneylender for the recovery of the loan.
FAQ
Documents required for taking up a loan
Singaporean/SPR:
- Proof Of Identity – Original IC
- Proof of Income – Pay Slip/CPF Statement/IRAS Statement/Employment Contract/Commission Letter
- Proof of Residence – Property Statement/Tenancy Agreement/Letter from landlord
Foreigners:
- Proof Of Identity – Original Work Pass and Passport
- Proof of Income – Employment Letter/Appointment Letter, Latest Pay Slip, and Bank Statement salary credited in
- Proof of Residence – Tenancy Agreement/Landlord Letter/Handphone Bill/Utility Bill
How to Apply and what happen after?
Fill up the form and send to us.
We will reply you within 1 hours on working days and advice on the documents, visit our office to complete the loan process and collect your cash.
Why licensed moneylender in Singapore?
They are license given to companies in Singapore to provide unsecured loan for any person above the age of 18 and with income proof regardless whether they are Singaporean or Foreigner. So you can ensure peace of mind for your loan taken with us.
Why charging higher interest and other fees compare to banks?
The 4% and follow by a 10% administration fee lawfully set for moneylenders in Singapore by the Registry of Moneylender to have a decent return taking into account from the risk they are taking which most borrowers are high risk due to blacklist and Low income and not qualify by the bank.
Can I apply for Monthly instalment?
Yes we do monthly instalment
How to identify Illegal Licensed Moneylender?
Licensed moneylenders are permitted to advertise only through these three channels:
(a) Business or consumer directories (in print or online media);
(b) Websites belonging to the moneylender; and
(c) Advertisements placed within or on the exterior of the moneylender’s business premises. All other channels are prohibited.
If you receive flyers, SMS, emails or other forms of advertisements which are not permitted, these would either be from licensed moneylenders operating in breach of the advertising restrictions, or from unlicensed moneylenders. Hence, you are advised not to respond to such advertisements. Instead, you should report the advertisements by providing us with a proof of the advertisements (for SMS – a screen capture) to the Registry at e-mail address: OneMinLaw@mlaw.gov.sg or to the Police.
For more detail about borrowing from Moneylender you can visit the ministry of law website.
BUILD FOR USER
A platform for better experience in taking up a loan
This website is built in the intention of giving user a better experience in getting a loan from Licensed Moneylender. We had make the necessary step to make sure we work toward good record and good ethical practice toward the licensed lender industry. The process of applying a loan through this website was simplify and loan approval was faster so to give user a breezing experience.
Contact Us
We provide you with these options to communicate with us:
Email us for confidentiality
You can also send us email through this address enquiry@personalloan.com.sg and we will address your concern almost immediately. Use our friendly form to contact us and we will be able to reply you in regard to your questions.
Informative Articles in our website
You also can find some informative articles that might give you comprehensive ideas of taking up a loan. As much as we can, we are giving you the best information collected through various resources and this website providing you with the most trusted and legal way of getting a personal loan from various licensed lenders. It’s not obligatory in anyway if you feel not comfortable to take up a loan using our platform.
We love to hear from you and hope we can assist you in your financial need.
FACT SHEET ON BORROWING
| Minimum Period for Repayment | From 2 months (61 Days Onward) |
| Maximum Period for Repayment | Up to 12 months |
| Minimum Annual Percentage Rate (APR) | 12% per annum |
| Maximum Annual Percentage Rate (APR) | Up to 48% per annum on reducing interest rate |
ILLUSTRATION ON TOTAL COST OF THE LOAN
| Total Amount Borrowed | S$1,000 |
| Period of Repayment | 12 months |
| Interest Rate | 1% Per Month (12% APR) |
| Monthly Interest | S$10 (S$1000 * 1%) |
| Total Interest for 1 Year (12 months) | S$120 (S$10 * 12 months) |
| Total Repayment to be paid on the 12 months | S$1120 (S$1000 Principal + S$120 Interest) |
# Above stated is exclude administration fee, cost of borrowing is an estimation and may vary due to loan amount, period of loan and other fees such as late fee and late interest rate may be charged in the event of violation on terms & conditions, different from various Moneylenders and subject to Registry of Moneylender’s of Singapore.