When the topic of personal loan is brought up, many people would immediately be opposed to it without even considering it. One main reason would be because they do not realise how useful a personal loan can be. If this is you, one example you would be able to relate to is needing to pay your child’s school fees at the end of the month and using up the remainder of your savings instead of taking up a personal loan. However, if there was an unexpected emergency in your family, and you needed urgent access to some money, you would be in a tough spot.
Hence, taking a personal loan is one of the ways to keep yourself safe and prepared for any potential emergencies that require your cash. There are so many alternatives to taking a personal loan in Singapore. It is completely natural for you to feel uneasy when borrowing a significant sum of money, but this would not be a concern with these five experienced and trustworthy companies.
Note: This list is strictly not in order.
1. Goldstar Credit Pte Ltd
Whether you need a small sum to urgently repair your car or even a significant sum of cash to pay for a medical emergency, Goldstar Credit Pte Ltd is able to aid you with a personal loan. Moreover, what’s really unique at Goldstar Credit Pte Ltd is that they assure getting your personal loan approved in 10 minutes or less. This is ideal if you crucially need the cash since you can receive your loan on the same day itself. Additionally, if you are holding yourself back from taking a personal loan because you need to bring in someone else as a guarantor, fret not! Unlike taking loans at a bank, Goldstar Credit Pte Ltd does not ask for any collaterals or guarantors to take up their loan.
Some licenced money lenders have strict criteria for the people they give personal loans out to. However, whether you are a Singaporean Citizen, Permanent Resident, Foreign Worker, Domestic Worker or even have a bad credit score, you will still be welcomed to explore your options of the various loan plans.
Loan adviser Vanessa was very helpful and she explained to me what can be done and tried to do anything to help me out. Well-spoken and helpful. First time here. Would definitely recommend anyone who’s in debt or having a rough time. This is the place.
Recently I have encountered a ‘bottle neck’ situation in my finance. I have some outstanding (2 instalments) with a credit company and my fund will not be available till after the next due date. So I approached one ‘leading’ credit company and try to see if they are able to suggest some solution. I have evidently proved to the company that I have been an above-board customer with 0 default since early 2018. What I received was a flat rejection. As I was walking around the vicinity, I spotted Goldstar Credit, I went in and try to secure a smaller loan just to resolve my immediate situation and I do not keep too high hope because I thought most credit company work on same principle. To my surprise.. after speaking with the customer service officer, she fully understands my situation, and she did a quick check from her system to verify what I told her. Instead of allowing me the smaller loan which I have requested for, she even offer to restructure my loan so that I will have to repay only one company instead of two. I understand the arrangement, and I have a good loan from Goldstar Credit to solve my whole problem. I am amazed to see the experience and professionalism displayed by the customer service officer of this company. In my opinion, they did not just do their job, they show their sincerity in trying to listen and get problem solved. I highly recommend this company to whoever need a loan.
Contact: +65 6384 0088
Location: Blk 183, Toa Payoh Central, #01-254 310183 | 1187 Upper Serangoon Road, #01-21, Singapore 533971
Opening hours: Mon-Sat 11.30AM-8PM | Sun 10AM-5PM
2. Orange Credit Pte Ltd
A common worry before taking up a personal loan would be whether you would be able to pay back the loan. However, this would not be a concern with Orange Credit Pte Ltd as they offer flexible loan repayment plans that would be catered to your situation. Established in 2012, Orange Credit’s Pte Ltd priority is their customers’ needs. Hence, their process of getting a personal loan is in favour of their customer’s immediate needs. One example would be the instant approval of loans to ensure you get the money before leaving Orange Credit Pte Ltd without having to come back on another day and take up your time unnecessarily.
Orange Credit Pte Ltd also understands that it can be a challenging time that you are going through and takes pride in being a company you can put your utmost trust in. For example, making the documentation of loans as simplistic as possible and being completely candid about their fees upfront.
I’m grateful for the professional and patience service that Orange Credit Pte Ltd staffs provided. I now have a full understanding of the terms in the loan contract. Definitely recommend to those who need help in their rainy days. Thumbs up!
I approached Orange Credit because to settle an urgent financial issue. Orange Credit helped me by really patience and asking me the right questions to make sure that the repayment plan is suitable for me. The result was amazing. When I looked through the contract, I realised that I got a huge saving on my interest!
One thing I really liked was their guidance on how I can save on my borrowing cost. I found the entire experience to be professional, hassle-free, and straightforward. I would recommend Orange Credit to anyone who want to get out of the debt cycle.
Contact: +65 6748 2320
Location: City Plaza, 810 Geylang Road, #01-91, Singapore 409286
Opening hours: Mon-Fri 11AM-8PM | Sat 11AM-3PM | Closed on Sun
3. Quick Credit Pte Ltd
Having been in business since 2002, Quick Credit’s Pte Ltd seasoned loan officers will assuredly assist you on the best personal loan plan to aid you financially – whether it is a medical emergency or a wedding you need to fork out money for. Their loan officers’ vast experience in various cases and scenarios allows them to analyse each client’s paying capacity and come up with personalised payment plans. What makes Quick Credit Pte Ltd stand out from other personal loan companies is that their loans are hassle-free. Whether you have experience taking personal loans or you’re a first-timer, you would easily be able to understand the clear-cut loan procedure at Quick Credit Pte Ltd.
The principle of absolute convenience for their clients is practised throughout their services. One way this is demonstrated is through the online loan calculator they have set up on their website. This not only saves your time but also ensures that you come to their office knowing what you want and an estimate of how much you can expect to pay monthly.
Before entering the shop, I have my doubts in regards to moneylenders. But the service provided is very professional and they are willing to listen and can feel that they are keen to help me get the best rates. Hopefully I will not get myself to a bad money situation again but if there is, AP will definitely be one of my top choices. Many thanks to the manager of AP (didn’t manage to get his name).
I don’t usually review such company. But since I have be going there for few years. I should really pen a review for their service and quality given by them.
Contact: +65 6899 6188
Location: IMM Building, No 2, Jurong East Street 21, #04-01A, Singapore 609601
Opening hours: Mon-Fri 10AM–8PM | Sat & Sun10AM–5PM
4. GM Creditz Pte Ltd
Having been in the industry for more than a decade, GM Creditz Pte Ltd takes pride in setting the standards for other licensed money lenders in Singapore. With their extensive experience serving all types of clients with their personal loans, GM Creditz Pte Ltd has built up their reputation to be a trustworthy money lender to work with. Their loan plans are carefully curated with the primary objective of getting their clients free of financial worries.
Furthermore, GM Creditz Pte Ltd boasts their low-interest rates that range between 1% and 4%. Unlike several other money lenders, they have a cap on their interest rates for personal loans. If this is not good enough of a reason to work with GM Creditz Pte Ltd, they allow you to borrow up to six times your salary for personal loans. This is one of the main factors that differentiate GM Creditz Pte Ltd from their competitors in Singapore.
My 3th time here they very helpful and friendly.. too I will recommend my friends here if they need any loan in future.
There are many money lender company out there, but only a few can make it top and GM Creditz is definitely one of the most reliable one. Great experience. Good service. Good listening ears. Build relationship with customer. I been there a few times and all the staff there were friendly. Talk to them about your loan, and I’m sure they will be able to advise you without judging you on your current financial status.
Contact: +65 6588 1886
Location: Peninsula Plaza, 111, North Bridge Road, #01-41, Singapore 179098
Opening hours: Mon-Fri 11AM-9PM | Sat & Sun 11AM-6PM
5. Bugis Credit Pte Ltd
With the ease of lending in mind, Bugis Credit Pte Ltd has broken down their personal loan process to four simple steps. In order to take up a personal loan with Bugis Credit Pte Ltd, firstly, you need to call their office or book an appointment through their website. Then during your appointment with Bugis Credit Pte Ltd, their consultants will tailor a personalised personal loan plan based on several aspects like your monthly salary and spending ability. Once that is done, your contract is signed, and just like that, you can collect your personal loan! This simple process, paired with the knowledgeable consultants at Bugis Credit Pte Ltd makes for a positive experience when taking up a loan, especially for your first time.
A key priority that the team at Bugis Credit Pte Ltd has is ensuring that their clients do not get into deeper debt by taking a loan from them. Hence, they critically analyse every client’s situation and advise on the ideal amount to loan. Additionally, they give out their personal loans without the need to bring in assets and property as collateral. This ensures that you have peace of mind and can confidently take up a personal loan with Bugis Credit Pte Ltd.
I’m quite a regular here. Bugis Credit has never let me down by the staffs professionalism in their service. Most important its fast and hassle free! Recommended!!
A very pleasant experience in Bugis Credit with the company loan officer Jacob. The whole borrowing process is hassle free and professional. They do give a great customer service and reliable image. A big shout out to Jacob for his customer service provided. Obviously, they are the best, safe and reliable licensed money lender in Singapore from you to seek a loan!
Contact: +65 6345 9123
Location: Bugis Cube, 470 North Bridge Rd, #02-12, Singapore 188735
Opening hours: Mon-Fri 11AM-8PM | Sat & Sun 11AM-5PM
Having a trustworthy and experienced licensed money lender is vital in easing your financial troubles. All that it takes on your end is to make sure you have a good credit score, meet the minimum age requirement, have the right documents on hand, and you’ll be eligible for a loan.
So, if you feel that a personal loan is what you need to help your current financial situation, turn to the above licensed moneylenders to seek assistance.