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JR Credit

JR Credit Moneylender
(Product Review)

By Dawn Chew JR Credit

Updated December 23, 2025

Launch Application
6 times monthly income

Max. Loan Amount (Singaporeans)

6 times monthly income

Max. Loan Amount (Foreigners)

1% – 4%

Monthly Interest Rate

Current Moneylender Interest Rate Trends

Today’s moneylender interest rate trends in Singapore – As of Tuesday, December 23rd, 2025, moneylenders in Singapore are charging an average monthly interest rate of 3.78%

Product Review

JR Credit is a reputable licensed moneylender in Singapore, offering a variety of loan products, including fast cash loans, SME business loans, payday loans, personal loans, and a unique private-hire driver loan. Known for their efficient approval process, often completed within 30 minutes, they stand out with competitive interest rates and transparent terms.

Compare Loan Offers
from 20+ Lenders
Up to 1% Cashback*
$20 Grocery Voucher*
Quick 5 Minutes Approval

$1,000

$200,000

3 Months

72 Months

Total Cashback

10

Your monthly payment

337

Rate Disclaimer*

*Based on a $20,000 loan at 6.95% APR over 5 years, read more

Their commitment to customer satisfaction is evident in their professional approach and streamlined services. The company also has some unique loan products. For example, JR Credit’s payday loans are designed to help salaried workers meet cash shortages in the middle of the month. Additionally, their private-hire driver loan offers flexible and affordable financing options tailored to the needs of drivers.

List of Reputable Licensed Moneylenders in Singapore (December 2025)

Loan amount must be between 500 and 100,000.
Tenure must be between 1 and 60 months.
All
All
ROSHI Approved
Low to High
Low to High
High to Low
MoneyPlus Capital
Address
2.89%
Grocery Vouchers
Up to 1% Cashback
5.0  
$998.04
Check Eligibility
Soon Seng Credit
Address
3.92%
Grocery Vouchers
Up to 1% Cashback
5.0  
$1,060.58
Check Eligibility
Alpha-8 Credit
Address
3.92%
Grocery Vouchers
Up to 1% Cashback
4.9  
$1,060.58
Check Eligibility
1133 Moneylenders
Address
3.92%
Grocery Vouchers
Up to 1% Cashback
5.0  
$1,060.58
Check Eligibility
Raffles Credit
Address
3.92%
Grocery Vouchers
Up to 1% Cashback
5.0  
$1,060.58
Check Eligibility
A1 Credit
Address
3.92%
Grocery Vouchers
Up to 1% Cashback
4.9  
$1,060.58
Check Eligibility
Happy Cash
Address
3.92%
Grocery Vouchers
Up to 1% Cashback
5.0  
$1,060.58
Check Eligibility
Sands Credit
Address
3.92%
Grocery Vouchers
Up to 1% Cashback
4.6  
$1,060.58
Check Eligibility
Platinum Credit
Address
3.92%
Grocery Vouchers
Up to 1% Cashback
4.8  
$1,060.58
Check Eligibility
Unlimited Finance
Address
3.92%
Grocery Vouchers
Up to 1% Cashback
4.8  
$1,060.58
Check Eligibility
Show All Lenders

*Today's Moneylenders Rates - 23 December 2025

JR Credit Application Requirements

To apply for a loan through JR Credit, you need to:

  • Be at least 21 years old
  • Have a valid NRIC, Passport, or Foreign Identification Card (FIN)
  • Provide proof of income (e.g., payslips, CPF statements, or bank statements)

PROMOTIONS

APPLICATION PROCESS

  • Apply & Submit

    Start your loan application journey with our quick online application multistep form—it takes just 30 seconds to complete. Our advanced technology and expert loan specialists work together to match you with suitable options on our platform.

  • Document Upload

    Provide the necessary documents: your last 3 pay slips, a credit report from CBS or MLCB, and your IC/FIN details. Upload these files through your dashboard or email them to [email protected]

  • Application Review

    Our dedicated customer success team will carefully examine your application, contacting you if any additional information is required. Once we’ve verified your details, we’ll begin the process of matching you with appropriate lenders and loan options.

  • Compare Offers

    Compare loan offers in real-time through your application dashboard. Our customer success team is available to discuss loan details.

  • Lender Appointment

    After you’ve selected a loan option, we’ll assist in arranging an appointment with the chosen moneylender. Note that for moneylender options, assessment and disbursement must be completed in person at their branch.

  • Funds Disbursement

    Once you’ve agreed on the loan terms and signed the contract, you’ll receive a copy of the agreement. This document will outline your monthly payment schedule. Your funds will then be disbursed either in cash or via bank transfer.

JR Credit Highlights

  • Swift Approval

Loans are often approved within 30 minutes, ensuring quick access to funds.

  • Unique Loan Products

Offers a comprehensive range of loan options tailored to different needs.Flexible and affordable financing specifically for private-hire drivers, with repayments stretched over a longer period.

  • Transparent Rates

Competitive interest rates with no hidden fees.

  • Easy Application

Simple and straightforward online application process.

Personal Loan Calculator

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Frequently Asked Questions

How does the loan process work at JR Credit?

JR Credit offers a streamlined loan application process on their website, focusing on swift approvals and top-notch customer service. Experienced loan officers guide borrowers through each step.

What loan options are available at JR Credit?

JR Credit provides fast cash loans, SME business loans, payday loans, personal loans, and a unique private-hire driver loan.

How quickly are loans approved?

Loans are typically approved within 30 minutes to one business day, ensuring prompt access to funds.

Is JR Credit a licensed moneylender?

Yes, JR Credit is a licensed moneylender regulated by Singapore's Ministry of Law.

How quickly can a loan be approved?

To apply, you need to provide a valid ID (NRIC, Passport, or Foreign ID) and proof of income, such as payslips, CPF statements, or bank statements.

How can I check my eligibility for a loan with JR Credit?

You can use their Online Enquiry service to quickly determine your loan eligibility. This service is easy to use and saves time, helping you avoid potential frustration.

What advantages do JR Credit’s payday loans offer?

JR Credit’s payday loans are designed to help salaried workers manage mid-month cash shortages. Loan advisors work with you to arrange a suitable loan package, offering a flexible financial solution with high approval rates.

What is unique about JR Credit’s private-hire driver loan?

The private-hire driver loan is designed for flexibility and affordability, with repayments stretched over a longer period, making it easier for drivers to pay off their loans each month. The application process is simple and requires proof of income (weekly payslips from the private-hire app) and Singaporean/PR status. Once documentation is verified and the agreement is signed, cash or cheque is provided at the counter.

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