In order to qualify for a cash loan in Singapore, every applicant must fulfil all the following criteria:
- Be a Singapore citizen or permanent resident of Singapore. For foreigners, possess a passport and valid employment pass.
- Be above 21 years of age, and not facing any bankruptcy proceeding.
- Be permanently employed, have a valid work permit (for foreigners). If you are self-employed, you need to have a good record of your cash flow to prove ability to repay instalment.
What is the approval duration?
It ranges from 1 hour to 48 hours depending on how much information is required by our loan approver for each applicant’s background.
How much can I borrow?
Refer to the table under point 2