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SKM Credit

SKM Credit Review
(Product Review)

By Dawn Chew SKM 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%

SKM Credit Product Review

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

SKM Credit is a licensed moneylender in Singapore that specializes in personal loans, business loans, and payday loans. It is committed to fast approval, transparent processes, and offering flexible repayment terms, so SKM Credit is well recognized as a credible provider of financial solutions. It offers tailor-made loan packages at low-interest rates and provides professional customer service to borrowers, hence it is an excellent choice for fulfilling short-term cash flow requirements.

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
​Fortune Credit
Address
3.92%
Grocery Vouchers
Up to 1% Cashback
5.0  
$1,060.58
Check Eligibility
Fast Money
Address
3.92%
Grocery Vouchers
Up to 1% Cashback
4.5  
$1,060.58
Check Eligibility
Kaiiron
Address
3.92%
Grocery Vouchers
Up to 1% Cashback
4.8  
$1,060.58
Check Eligibility
1st Capital
Address
3.92%
Grocery Vouchers
Up to 1% Cashback
4.7  
$1,060.58
Check Eligibility
Platinum Credit
Address
3.92%
Grocery Vouchers
Up to 1% Cashback
4.8  
$1,060.58
Check Eligibility
Prosper Credit
Address
3.92%
Grocery Vouchers
Up to 1% Cashback
5.0  
$1,060.58
Check Eligibility
Advance Cash Credit
Address
3%
Grocery Vouchers
Up to 1% Cashback
5.0  
$1,004.62
Check Eligibility
Lending Bee
Address
3.92%
Grocery Vouchers
Up to 1% Cashback
4.9  
$1,060.58
Check Eligibility
Credit 21
Address
3.92%
Grocery Vouchers
Up to 1% Cashback
4.8  
$1,060.58
Check Eligibility
OT Credit
Address
3.92%
Grocery Vouchers
Up to 1% Cashback
4.9  
$1,060.58
Check Eligibility
Show All Lenders

*Today's Moneylenders Rates - 23 December 2025

SKM Credit Application Requirements

Applying for a loan at SKM Credit is a simple and efficient process. Applicants must meet the following criteria:

Eligibility Criteria:

  • Be at least 21 years old.
  • Be a Singapore Citizen, Permanent Resident, or foreigner with a valid Employment Pass.
  • Have stable employment or a consistent source of income.
  • Maintain a good credit history without bankruptcy records.

Documents Required:

For Singapore Citizens and Permanent Residents:

  • NRIC (original)
  • Last 3 months’ payslips
  • CPF contribution statements or Notice of Assessment

For Foreign Workers:

  • Passport
  • Valid Work Pass or Employment Pass
  • Proof of residence (e.g., utility bills or tenancy agreements)
  • Latest 3 months’ payslips

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.

SKM Credit Highlights

  • Rapid Approval on Loans

    Quick loan application approval for emergency financial needs within hours.

  • Customizable Repayment Plans

    The repayment plans can be adjusted based on individual financial situations.

  • Clear Terms

    No hidden fees or surprise charges in the fine print.

  • Licensed and Trusted

    Full license under the Ministry of Law makes your lending totally secure.

  • You get diverse loan options

    Personal, payday, and business loans based on different needs.

Calculate My Results

Frequently Asked Questions

What is the maximum loan amount that I can borrow?

Loan amounts are based on your financial profile and income level which will be assessed in the application process.

How soon can I get my loan approved?

Generally, within hours, upon receipt of all required documents.

What are the requirements for foreigners?

Foreigners must have a valid Employment Pass on their passport, proof of residence, and payslips for verification.

Does SKM Credit allow online applications?

Yes, SKM Credit has a simple online application for your convenience.