Compare the Lowest
Emergency
Loan Rates
in Singapore (May 2024)

Customers use ROSHI to compare
rates, apply online & settle faster.

*Get up to $3,300 back in cash

Updated May 21, 2024

Singapore’s 1st
Loan Marketplace

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EMERGENCY LOAN CALCULATOR
Calculate your repayments

Loan Amount
34

$1,000

$200,000

Term
3

3 Months

48 Months

Monthly Interest
Your Monthly repayment will be
$9,700.88
Total Repayment

$58,200.00

Total Interest

$13,200.00

List of Emergency Cash Providers in Singapore (May 2024)

Moneylender Max. Loan Amount (Singaporeans) Max. Loan Amount (Foreigners) Monthly Interest Rate Google Reviews
1 Fullerton Credit 6 times monthly income 6 times monthly income 1-4% 5.0
1st Credit SG 6 times monthly income 6 times monthly income 1-4% 5.0
365 Credit Solutions 6 times monthly income 6 times monthly income 1-4% 5.0
Orange Credit 6 times monthly income 6 times monthly income 1-4% 5.0
Quick Credit 6 times monthly income 6 times monthly income 1-4% 5.0
Raffles Credit 6 times monthly income 6 times monthly income 1-4% 5.0
A1 Credit 6 times monthly income 6 times monthly income 1-4% 4.9
Abm Creditz Singapore 6 times monthly income 6 times monthly income 1-4% 4.9
Bugis Credit Up to $50,000 Up to $30,000 1-4% 4.9
Capital Funds Investments 6 times monthly income 6 times monthly income 1-4% 4.9
GS Credit 6 times monthly income 6 times monthly income 1-4% 4.9
Horison Credit 6 times monthly income 6 times monthly income 1-4% 4.9
Katong Credit 6 times monthly income 6 times monthly income 1-4% 4.9
Credit 21 6 times monthly income 6 times monthly income 1-4% 4.8
Aero Credit 6 times monthly income 6 times monthly income 1-4% 4.3
JR Credit 6 times monthly income 6 times monthly income 1-4% 4.0

*Today's Moneylenders Rates - 21 May 2024

EMERGENCY LOAN APPLICATION PROCESS

How to apply for an emergency loan in Singapore?

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Quick Online Application
Applying for an emergency loan with ROSHI is quick and easy.Our online form takes just 30 seconds to complete.

Our advanced systems and knowledgeable team work to match you with suitable lenders and expedite your approval process.
Apply Now
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Provide Required Documents
Submit your last 3 pay slips, a credit report from CBS/MLCB and your IC/FIN details.

Upload files easily via your application dashboard or email them to us at [email protected].
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Screening Period
Our customer success team will review your application and follow up if more information is required.

After your details are verified, we'll start matching you to suitable lenders and loan options.
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Explore Loan Options
Your application dashboard allows you to conveniently review and compare loan offers in real-time.

Additionally, our customer success team is happy to discuss details with you, enabling you to make an informed decision.
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In-Person Appointment
Once you've selected a loan option, we'll assist in scheduling an appointment with the moneylender.

If you choose a moneylender, the assessment and disbursement processes must be completed in-person at their branch.
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Finalising the Loan Agreement
After the loan details are agreed upon and the contract is signed, you'll receive a copy of the agreement.

The agreement will detail your monthly payment schedule and your funds will be disbursed via cash or bank transfer.
  • Overview

  • Emergency Loans Basic

  • Tips & Hints

  • FAQ

Emergency Cash Loans in Singapore

Emergency cash loans offer a fast solution for borrowers in Singapore who require urgent access to cash due to an unexpected expense or financial hardship. Also known as instant loans, these small unsecured loans ranging from $500 to $2,000 can be approved rapidly, often within the same day of application.

As they do not require collateral, emergency loans carry higher interest rates to account for the increased risk to lenders. Repayment terms run from 1 to 6 months, allowing borrowers to repay the funds quickly once their financial situation stabilizes.

Emergency loans are suitable for covering pressing needs such as sudden medical bills, critical home repairs, family & friends repayments, and other unanticipated costs. The quick approval process enables urgent access to funds when in need.

Emergency Cash Loans in Singapore

Emergency cash loans serve as a fast solution for borrowers facing urgent, unanticipated expenses. These small, short-term loans allow access to funds quickly without requiring collateral.

Benefits of Emergency Cash Loans
Fast Approval
Emergency loans can be approved within 24 hours due to minimal eligibility requirements.e.
Quick Disbursement
Approved funds are deposited directly into your account, often within 1 day.
No Collateral Needed
These unsecured loans do not require any assets or guarantors..
Covers Unexpected Costs
The cash can pay for sudden expenses like medical bills, car repairs, etc.ntors..
Factors to Compare Between Lenders

When researching emergency loan providers, key factors to compare include:

Loan Amounts
Some providers offer small loans from $500 up to $5,000. Assess loan sizes against your specific funding needs.
Interest Rates
Emergency loan rates are generally higher than other loan types. Compare rates across multiple lenders.
Repayment Term
Emergency loans usually have 1 to 6 month terms. Ensure the term aligns with your repayment capabilities.
Disbursement Speed
The fastest options can deposit approved funds within 24 hours. This enables urgent access to cash.
Fees
Some lenders may charge administrative or late payment fees. Factor all costs into your decision.
Eligibility Requirements

Most emergency cash loans have straightforward eligibility:

  • • Singapore citizens/PRs over 21 years old
  • • Employed with stable income
  • • Income documents like recent payslips
  • • Valid ID like NRIC
How to Get an Emergency Cash Loan
  • • Research lenders and compare loan options
  • • Gather required documents like ID, payslips
  • • Complete a quick online application form
  • • Get rapid approval decision
  • • Receive loan funds directly in your bank account

Opting for an emergency cash loan when facing a dire, unexpected situation can provide rapid financial relief. Compare multiple options to find the lowest interest rates and favourable repayment terms.

Shop Around

Compare interest rates and terms across multiple lenders to find the best deal. Rates can vary widely.

Borrow Only What You Need

Take out the minimum amount required to cover your emergency expense. Don’t take unnecessary debt.

Check Repayment Term

Emergency loans typically have short 1-6 month repayment terms. Ensure you can repay on time.

Read the Fine Print

Look for any hidden fees or prepayment penalties not disclosed upfront.

Boost Your Approval Odds

Having income documents, a solid credit history, and low existing debt can help secure approval.

Don’t Miss Repayments

Set up autopayment of the monthly instalments so you wont be charged for late repayments.

Avoid borrowing from illegal or unlicensed moneylenders who may charge exorbitant rates.

Have a plan to repay and build savings to avoid needing future emergency loans.

How fast can I get approved for an emergency cash loan?

Most lenders can approve emergency loans within 24 hours given you meet the basic eligibility criteria. The fastest provide approval in just 1 hour.

What documents do I need to apply?

You’ll need your NRIC/FIN, recent payslips, employment documents, and proof of address. Some lenders may request additional documents.

What are the interest rates like for emergency loans?

Interest rates are generally quite high, often 18% to 28% APR. This compensates lenders for the risk and quick financing.

How much can I borrow with an emergency cash loan?

Loan amounts range from $500 up to $5,000 in most cases. Apply for the specific amount you need, not the maximum.

How long do I have to repay an emergency cash loan?

Repayment terms are short, usually between 1 to 6 months. This allows you to repay the loan quickly.

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