Frequently Asked Questions

Frequently Asked Questions About Singapore Moneylending

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?

Based on Singapore Government’s ruling:

  • If your annual income is less then 20K, the max loan amount is 3K.
  • If your annual income is less then 30K but greater than or equal to 20K, the max loan amount is 2 times of your salary.
  • If your annual income is less then 120K but greater than or equal to 30K, the max loan amount is 4 times of your salary.
  • If your annual income is greater than or equal to 120K, then there is no limit to the amount of loan.

Apply for a Loan

Loan Application starts here at Credit Matters.

Please kindly fill up the online application form below:

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