Eligibility

Personal & Payday Loan Requirements

Eligibility

  • Singaporeans, Permanent Residents (PR), S-Pass and Work Permit holders
  • Minimum age: 21
  • Currently employed
  • All income levels welcome
  • Not applicable for undischarged or pending bankruptcy

Required Documents

  • Original NRIC
  • Employment payslip
  • CPF contribution statement
  • Income tax statement
  • Utilities bill or HP bill (proof of address)

Note
Singaporeans with Singpass can print required documents at our office. Your Singpass details will remain secure and will not be accessed by us.

Foreigner Loan Requirements

  • Passport
  • Work Pass (S-Pass or Employment Pass)
  • Employment payslip
  • Employment or appointment letter
  • Bank statement showing salary credited
  • Tenancy agreement (rented unit)
  • Utilities bill or HP bill (proof of address)

Business Loan Requirements

Company Requirements

  • Singapore incorporated company or corporation
  • Latest ACRA

Owner / Director Documents

  • NRIC / Passport / Work Pass of shareholder, director or partner

Financial Documents

  • Corporate bank statement
  • Balance sheet
  • Profit and loss statement

Additional (if applicable)

  • Tenancy agreement for business premises
  • Company stamp or seal
  • Title deeds or proof of assets (for secured loans)

The maximum amount you can borrow from all licensed moneylenders combined for unsecured loans is:

Borrower’s Annual Income Singapore Citizens & PRs Foreigners in Singapore
Less than $10,000 $3,000 $500
$10,000 to below $20,000 $3,000 $3,000
$20,000 and above 6× monthly income 6× monthly income

Borrowing limits apply across all licensed moneylenders combined and are subject to eligibility and verification.

If you’re unsure which documents to prepare, our team will guide you through the process and ensure compliance with the Moneylenders Act and Rules under the Ministry of Law, Singapore.