$1,000
$200,000
3 Months
48 Months
$58,200.00
$13,200.00
| 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 - 4 December 2023
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 serve as a fast solution for borrowers facing urgent, unanticipated expenses. These small, short-term loans allow access to funds quickly without requiring collateral.
When researching emergency loan providers, key factors to compare include:
Most emergency cash loans have straightforward eligibility:
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.
Compare interest rates and terms across multiple lenders to find the best deal. Rates can vary widely.
Take out the minimum amount required to cover your emergency expense. Don’t take unnecessary debt.
Emergency loans typically have short 1-6 month repayment terms. Ensure you can repay on time.
Look for any hidden fees or prepayment penalties not disclosed upfront.
Having income documents, a solid credit history, and low existing debt can help secure approval.
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.
Most lenders can approve emergency loans within 24 hours given you meet the basic eligibility criteria. The fastest provide approval in just 1 hour.
You’ll need your NRIC/FIN, recent payslips, employment documents, and proof of address. Some lenders may request additional documents.
Interest rates are generally quite high, often 18% to 28% APR. This compensates lenders for the risk and quick financing.
Loan amounts range from $500 up to $5,000 in most cases. Apply for the specific amount you need, not the maximum.
Repayment terms are short, usually between 1 to 6 months. This allows you to repay the loan quickly.
