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101 Credit Review

101 Credit Review
(Product Review)

By Dawn Chew 101 Credit Review

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

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

101 Credit is a licensed moneylender based in Singapore, dedicated to providing accessible and efficient financial solutions. With over a decade of experience, they have assisted thousands of clients, offering a range of loan products tailored to diverse needs.

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
OT Credit
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
Alpha-8 Credit
Address
3.92%
Grocery Vouchers
Up to 1% Cashback
4.9  
$1,060.58
Check Eligibility
Magnus Credit
Address
3.92%
Grocery Vouchers
Up to 1% Cashback
4.8  
$1,060.58
Check Eligibility
Best Licensed Moneylender
Address
1.88%
Grocery Vouchers
Up to 1% Cashback
5.0  
$938.64
Check Eligibility
Raffles Credit
Address
3.92%
Grocery Vouchers
Up to 1% Cashback
5.0  
$1,060.58
Check Eligibility
Aero Credit
Address
3.92%
Grocery Vouchers
Up to 1% Cashback
4.3  
$1,060.58
Check Eligibility
365 Credit Solutions
Address
3.92%
Grocery Vouchers
Up to 1% Cashback
5.0  
$1,060.58
Check Eligibility
Max Credit
Address
3.92%
Grocery Vouchers
Up to 1% Cashback
4.1  
$1,060.58
Check Eligibility
Dio Credit
Address
3.92%
Grocery Vouchers
Up to 1% Cashback
5.0  
$1,060.58
Check Eligibility
Show All Lenders

*Today's Moneylenders Rates - 23 December 2025

Their commitment to customer satisfaction is evident through their flexible loan options, competitive interest rates, and personalized service. Whether you’re facing unexpected expenses, planning a significant purchase, or seeking funds for business ventures, 101 Credit aims to deliver prompt and reliable financial assistance.

101 Credit Application Requirements

Applying for a loan at 101 Credit is simple and accessible. Applicants need to meet the following criteria:

Eligibility Criteria:

  • Applicants must be at least 21 years old.
  • Must be a Singapore Citizen, Permanent Resident, or foreigner with valid employment documentation.

Documents Required

  • For Singapore Citizens and Permanent Residents:
  • NRIC or any other valid identity card.
  • Proof of residential address (e.g., utility bill, letter addressed to the applicant, or tenancy agreement).
  • Employment proof such as a certificate of employment or the latest 3 months’ payslips.

For Foreigners:

  • Valid passport.
  • Proof of residential address (e.g., utility bill, letter addressed to the applicant, or tenancy agreement).
  • Employment proof such as a certificate of employment or the 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.

101 Credit Highlights

  • Fast Loan Approval

    Experience swift loan approvals, often within an hour, catering to urgent financial needs.​

  • Diverse Loan Options

    Offers a variety of loans, including personal, business, and foreigner loans, each tailored to specific requirements.​

  • Competitive Interest Rates

    Provides loans with attractive interest rates, ensuring affordability without hidden charges.​

  • Licensed and Regulated

    Fully licensed under Singapore’s Ministry of Law, ensuring adherence to legal and ethical lending practices.​

  • Customer-Centric Approach

    Prioritizes customer feedback and continually adapts services to meet evolving client needs.

Calculate My Results

Frequently Asked Questions

Can I apply for a loan online or over the phone?

Yes, 101 Credit facilitates loan applications via walk-in, phone at +65 62381018, or through their online platform.

How much can I borrow?

Depending on your income and the type of loan, you may borrow amounts ranging from SGD $500 to $50,000. For secured loans, higher amounts may be available.

Will my loan be approved if I have a bad credit history?

101 Credit assesses applications holistically. Even with a poor credit score, you may be eligible for a loan, as they consider your current financial situation and repayment ability.

How quickly will my application be approved?

Loan approvals are typically processed swiftly, often within an hour, allowing you to access funds promptly.

Are there fees for early repayment?

No, 101 Credit does not impose penalties for early loan repayment, encouraging clients to settle their loans ahead of schedule without additional charges.

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