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FAQ
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Am I Eligible To Borrow From Moneylenders ?To be eligible, you must be: Singaporean Citizen, a Permanent Resident, or a foreigner with a valid working permit. At least 21 years old. Have not declared bankruptcy or will be facing a bankruptcy proceeding in the near future. Employed with CPF contribution or can provide payslips for the last 3 months and self-employed with the income tax assessment, ACRA, NEA license (if any) or vocational license (if any).
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What Are The Prerequisites to Apply For a Loan?For Salaried and Commission-based Employees ID Card (NRIC) Any latest bill indicating your current residential address (Proof of Billing) Latest 3-month original payslip if you have no CPF contribution Letter of employment if you are a new employee For Self Employed ID Card (NRIC) Notice of Assessment indicating trade income Accounting/Corporate Regulatory Authority (ACRA) Any latest bill indicating your current residential address (Proof of Billing) For Taxi Drivers ID Card (NRIC) Vocational license Taxi pass 7-day job summary Any latest bill indicating your current residential address (Proof of Billing) If you are unsure feel free to drop us a call and enquirer
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How Much Can I Borrow?You can borrow: Up to $3,000 if you are a Singaporean or a Permanent Resident earning less than $20,000 a year. Up to 6 times your monthly income if you are a Singaporean or a Permanent Resident earning $20,000 or more a year. Up to $500 if you are a foreigner residing in Singapore earning less than $10,000. Up to $3,000 if you are a foreigner residing in Singapore earning less than $20,000. Up to 6 times your monthly income if you are a foreigner residing in Singapore earning $20,000 or more a year.
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Can I Apply For a Higher Loan Amount?Certainly! Once you have fully settled your current loan with a clean payment history, we would be happy to offer you a higher loan amount.
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What Is The Interest Rate For a Cash Loan?We charge 3.92% below the maximum rate of 4%
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Can Private-Hire Driver apply for a Loan?Yes. Simply submit your proof of billing, car rental agreement and proof of income.
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What Are The Other Fees You Charge?We charge the following: A late fee not exceeding a maximum of only$60 for each month An upfront administrative fee not exceeding 10% of the principal loan amount. Charged once the loan is granted Legal costs awarded by the court for a successful claim following the recovery of the loan. The total charges consisting of interests, late interest, upfront administrative and late fee will not exceed the amount of your principal loan.
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Am I Eligible To Borrow From Moneylenders ?To be eligible, you must be: Singaporean Citizen, a Permanent Resident, or a foreigner with a valid working permit. At least 21 years old. Have not declared bankruptcy or will be facing a bankruptcy proceeding in the near future. Employed with CPF contribution or can provide payslips for the last 3 months and self-employed with the income tax assessment, ACRA, NEA license (if any) or vocational license (if any).
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What Are The Prerequisites to Apply For a Loan?For Salaried and Commission-based Employees ID Card (NRIC) Any latest bill indicating your current residential address (Proof of Billing) Latest 3-month original payslip if you have no CPF contribution Letter of employment if you are a new employee For Self Employed ID Card (NRIC) Notice of Assessment indicating trade income Accounting/Corporate Regulatory Authority (ACRA) Any latest bill indicating your current residential address (Proof of Billing) For Taxi Drivers ID Card (NRIC) Vocational license Taxi pass 7-day job summary Any latest bill indicating your current residential address (Proof of Billing) If you are unsure feel free to drop us a call and enquirer
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How Much Can I Borrow?You can borrow: Up to $3,000 if you are a Singaporean or a Permanent Resident earning less than $20,000 a year. Up to 6 times your monthly income if you are a Singaporean or a Permanent Resident earning $20,000 or more a year. Up to $500 if you are a foreigner residing in Singapore earning less than $10,000. Up to $3,000 if you are a foreigner residing in Singapore earning less than $20,000. Up to 6 times your monthly income if you are a foreigner residing in Singapore earning $20,000 or more a year.
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Can I Apply For a Higher Loan Amount?Certainly! Once you have fully settled your current loan with a clean payment history, we would be happy to offer you a higher loan amount.
-
What Is The Interest Rate For a Cash Loan?We charge 3.92% below the maximum rate of 4%
-
Can Private-Hire Driver apply for a Loan?Yes. Simply submit your proof of billing, car rental agreement and proof of income.
-
What Are The Other Fees You Charge?We charge the following: A late fee not exceeding a maximum of only$60 for each month An upfront administrative fee not exceeding 10% of the principal loan amount. Charged once the loan is granted Legal costs awarded by the court for a successful claim following the recovery of the loan. The total charges consisting of interests, late interest, upfront administrative and late fee will not exceed the amount of your principal loan.
-
Am I Eligible To Borrow From Moneylenders ?To be eligible, you must be: Singaporean Citizen, a Permanent Resident, or a foreigner with a valid working permit. At least 21 years old. Have not declared bankruptcy or will be facing a bankruptcy proceeding in the near future. Employed with CPF contribution or can provide payslips for the last 3 months and self-employed with the income tax assessment, ACRA, NEA license (if any) or vocational license (if any).
-
What Are The Prerequisites to Apply For a Loan?For Salaried and Commission-based Employees ID Card (NRIC) Any latest bill indicating your current residential address (Proof of Billing) Latest 3-month original payslip if you have no CPF contribution Letter of employment if you are a new employee For Self Employed ID Card (NRIC) Notice of Assessment indicating trade income Accounting/Corporate Regulatory Authority (ACRA) Any latest bill indicating your current residential address (Proof of Billing) For Taxi Drivers ID Card (NRIC) Vocational license Taxi pass 7-day job summary Any latest bill indicating your current residential address (Proof of Billing) If you are unsure feel free to drop us a call and enquirer
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How Much Can I Borrow?You can borrow: Up to $3,000 if you are a Singaporean or a Permanent Resident earning less than $20,000 a year. Up to 6 times your monthly income if you are a Singaporean or a Permanent Resident earning $20,000 or more a year. Up to $500 if you are a foreigner residing in Singapore earning less than $10,000. Up to $3,000 if you are a foreigner residing in Singapore earning less than $20,000. Up to 6 times your monthly income if you are a foreigner residing in Singapore earning $20,000 or more a year.
-
Can I Apply For a Higher Loan Amount?Certainly! Once you have fully settled your current loan with a clean payment history, we would be happy to offer you a higher loan amount.
-
What Is The Interest Rate For a Cash Loan?We charge 3.92% below the maximum rate of 4%
-
Can Private-Hire Driver apply for a Loan?Yes. Simply submit your proof of billing, car rental agreement and proof of income.
-
What Are The Other Fees You Charge?We charge the following: A late fee not exceeding a maximum of only$60 for each month An upfront administrative fee not exceeding 10% of the principal loan amount. Charged once the loan is granted Legal costs awarded by the court for a successful claim following the recovery of the loan. The total charges consisting of interests, late interest, upfront administrative and late fee will not exceed the amount of your principal loan.
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