Be a citizen or permanent resident of Singapore and above 18 years of age, and is not an undischarged bankrupt, nor facing any bankruptcy proceeding. * Be permanently employed (CPF contribution), for foreigners (valid work permit) or if you are self-employed, have all relevant documents such as income tax assessment, ACRA if any, vocational license if any, NEA license if any.
a fee not exceeding $60 for each month of late repayment; * a fee not exceeding 10% of the principal of the loan when a loan is granted; * legal costs ordered by the court for a successful claim for the recovery of the loan.
For secured loans, there is no restriction. For unsecured loans, you can obtain: * Up to $3,000, if your annual income is less than $20,000; * Up to 2 months’ income, if your annual income is $20,000 or more but less than $30,000; * Up to 4 months’ income, if your annual income is $30,000 or more but less than $120,000; and * Any amount, if your annual income is $120,000 or more.
No. You do not need a guarantor .
Definitely yes. Our professional loan officer will take pleasure in providing you with a structured loan plan based on your financial capacity.
Yes, we may still grant a loan. We will assess your financial health and discuss with you a manageable plan to both ensure responsible lending as well as borrowing. We also have a guide on how to get car loans even with bad credit score. In most instances, the evaluation process applies to our different loan offers including auto loans.
You can make repayment of your loan installments through island wide ATM deposit or online transfer to any of our local bank accounts. Alternatively you can also make repayment in cash at our office.
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Singa Credit Pte Ltd is fully licensed and regularly updated with the latest regulations to be in line with the requirements set out by Registry of Moneylenders.
Singa Credit, your financial freedom.
Loans can either be secured or unsecured. A loan is secured when a borrower is asked to pledge assets to the lender as security or collateral for the loan. For unsecured loans, the borrower does not provide any assets to the lender as security for the loan. Interest rates for such loans tend to be higher.More info
This present challenges for companies looking to secure financing from banks for their overseas investments and/or projects. IFS is designed to facilitate companies’ access to financing for their overseas ventures through the co-sharing of default risks between IE Singapore and Participating Financial Institutions (PFIs).