Keeping on top of your finances can be difficult. From time to time, we all need a helping hand – and a quick and easy payday loan can often be the best solution. Payday loans are specifically tailored to suit people who need a quick cash advance without having to undergo strict credit score and annual income checks, making them a less daunting alternative to personal and other types of loans.
Whether you’re looking for better flexibility and clearer terms, or you’d like to build up your credit score by accessing quick and easy finance, Moneylender Review can help you secure the right payday loan in minutes. Keep reading to discover how the payday loan application process works and how you could benefit from a payday loan today – or skip to Moneylender Review’s loan application form now.
Key Payday Loan Features
The best payday loan will offer the following features to those looking for a quick cash advance:
Fast cash for a financial emergency
If you need money right now, a payday loan will give you a quick cash advance until your next payday.
A chance to improve your credit history
Have bad credit? Taking out a payday loan could help you rebuild your credit reputation.
Quick and easy approval process
With Moneylender Review, you can get quotes from 3 licensed moneylenders in seconds – and apply online super-fast.
The chance to repay on your next payday
Repaying a payday loan couldn’t be simpler – just pay back plus interest when you receive your next paycheck! No more worrying about complex payment T&Cs and tenures.
Use the funds your way
No immediate financial emergency? No problem! Payday loans can be used for whatever purpose you like.
Summary of Licensed Moneylenders
A1 Credit SG Pte Ltd
For most clients, A1 Credit is deemed to have a very helpful and efficient staff. It has been commended many times for its quick and easy approval rate which has provided borrowers with a smooth experience.
365 Credit Solutions Pte Ltd
First-time borrowers see 365 Credit Solutions as an accommodating lender because of its friendly and polite staff members – granting a seamless application for their financial concerns.
Bugis Credit Pte Ltd
Clients agree most Bugis Credit staff members will get into each detail to help borrowers thoroughly understand all types of loans, including the terms and conditions that need to be taken note of.
GM Creditz Pte Ltd
Borrowers suggest GM Creditz is one of the most considerate lenders in Singapore- assisting clients on their bills and loans amid the COVID-19 situation.
Raffles Credit Pte Ltd
It’s always a good experience working with Raffles Credit, says most clients. Staff members are keen on listening to financial commitments before proposing options.
Fortune Credit Pte Ltd
Fortune Credit is known to most of its borrowers for its compassionate and good service, as it considers various factors to ensure assistance will be given for clients.
Payday Loan Eligibility
By now you’re probably really keen to get your hands on the best payday loan deal you can find – but before applying for this kind of loan, it’s important to know what the eligibility requirements are under Ministry of Law rules, and those specified by individual moneylenders themselves.
Much like a business loan, foreigner loan or personal loan, there are certain conditions you must meet before applying for this type of loan, from annual income to age and residency status. Make sure you meet the following conditions if you want to guarantee a payday loan approval:
- You must be at least 18 years old
- Your monthly income must be $1,500 or more
- Non Singapore residents seeking a foreigner loan must have a monthly income of $2,000 or more
You also need to make sure you bring along the following documents:
- Singapore identity card
- Proof of residence
- Proof of employment (i.e. employment pass or employment offer letter)
- 3 months payslip evidence
- SingPass to access CPF, HDB, IRAS e-services
Foreigner loan applicants might also need:
- Work permit
- Proof of residence
- 3 months payslip evidence
- Bank statements
Find Your Perfect Payday Loan in Singapore in 3 Steps
Moneylender Review can help you find the best loan in Singapore with the lowest interest rates to suit your short term loan needs. We make securing a payday loan easy with the below three step loan application process:
1 – Submit a loan enquiry on our website
2 – Compare loans from every licensed moneylender in Singapore
3 – Select your perfect loan and visit the lender directly to receive your money
Get the Best Interest Rate on Your Payday Loan Now
Both permanent residents and foreigner loan applicants are 100% eligible for most payday loans offered by moneylenders– and loan applications couldn’t be easier. So, what are you waiting for? Apply for cash today and compare the best interest rates and top deals from the best money lenders on the market.
Why Loan from Us?
Taking a loan can be stressful and confusing, regardless of the loan types you are looking at. If you have money to pay out and a short term or payday loan seems like the best solution, we can help you find your perfect loan offer with the right loan amount to suit you in 3 easy steps. Simply submit a loan application and let us do the rest.
Here at Moneylender Review, we also regularly update this site with the latest Ministry of Law and money lender information about payday loans and any other loan Singapore has to offer. This helps you better understand loans and make better financial decisions for yourself, your business or your family. We also compile top reviews of all licensed moneylenders across the country, so you can easily compare and contrast providers.
Get the Best Cash Loan or Payday Loan Today
Want to compare cash loans, payday loans and the best licensed moneylender companies in Singapore? Forget credit cards and complex bank T&Cs. Apply for a loan with Moneylender Review and get fast cash from a licensed moneylender before your next paycheck. Just fill in the form below!
Frequently Asked Questions (FAQs)
Still unsure about payday loans? Here are some handy FAQs to help you find the best payday loan in Singapore today.