Frequently Asked Questions About Singapore Moneylending
In order to qualify for a cash loan in Singapore, all the following criteria must be fulfilled:
- Be a citizen or permanent resident of Singapore, or for foreigners, have a passport and employment pass.
- Be above 21 years of age, and is not an undischarged bankrupt, nor facing any bankruptcy proceeding.
- Be permanently employed, have a valid work permit (for foreigners) or if you are self-employed, have clear records of your cash flow to prove ability to repay the loan amount.
How much can I loan with Credit Matters?
For Singaporeans and Permanent Residents, here’s how much you can borrow with us:
- If your annual income is less than $20,000, you can borrow up to $3,000.
- If your annual income is at least $20,000, you can borrow 6 times of your monthly income.
For foreigners residing in Singapore, here’s how much you can borrow with us:
- If your annual income is less than $10,000, you can borrow up to $1,500.
- If your annual income is at least $10,000 but less than $20,000, you can borrow up to $3,000.
- If your annual income is at least $20,000, you can borrow up to 6 times of your monthly income.