Updated April 16, 2025
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Max. Loan Amount (Singaporeans)
Max. Loan Amount (Foreigners)
Monthly Interest Rate
Today’s moneylender interest rate trends in Singapore – As of Wednesday, April 16th, 2025, moneylenders in Singapore are charging an average monthly interest rate of 3.94%
118 Credit provides a variety of loan products tailored to meet the financial needs of individuals and businesses. Whether you’re dealing with unexpected expenses, planning a significant purchase, or managing cash flow for your business, 118 Credit provides a range of options to help you meet your financial goals.
The licensed moneylender provides 24-hour online loan application services so you can apply for a loan at any time, from anywhere in Singapore. Additionally, you can use Singpass Myinfo to automatically fill in your application form with data from various government departments. This makes the process secure, fast, and easy.
| Moneylender | Max. Loan Amount (Singaporeans) |
Max. Loan Amount (Foreigners) |
Monthly Interest Rate | Google Reviews | ROSHI Approved
|
|---|---|---|---|---|---|
| Best Licensed Moneylender | 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 | |
| 1 2 Lend | 6 times monthly income | 6 times monthly income | 1-4% | 5.0 | |
| EZ Loan | 6 times monthly income | 6 times monthly income | 1-4% | 5.0 | |
| 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 | |
| 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 | |
| 1 Cash | 6 times monthly income | 6 times monthly income | 1-4% | 5.0 | Close More Moneylenders |
*Today's Moneylenders Rates - 16 April 2025
To apply for a loan with 118 Credit, applicants need to meet the following criteria:
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
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]
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 loan offers in real-time through your application dashboard. Our customer success team is available to discuss loan details.
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.
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.
Receive approval for your loan application online within just one hour. No more waiting for weeks—118 Credit ensures a quick turnaround time.
With a simple application form and minimal documentation required, applying for a loan at 118 Credit is straightforward. Unlike traditional banks, they only require basic ID documents and proof of income.
118 Credit is a licensed moneylender in Singapore, regulated by the Ministry of Law. This guarantees that all loans are provided legally, with transparency and fairness.
118 Credit offers some of the best rates in the market, making it easier for you to overcome financial difficulties without being burdened by high-interest payments.
Apply for a loan anytime, anywhere with 118 Credit’s islandwide 24-hour online application form. The use of Singpass Myinfo ensures that your application is processed quickly and securely.
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