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1st Credit Review

1st Credit Moneylender Review
(Product Review)

By Trinh Thanh 1st Credit Review

Updated January 14, 2026

The product information in the comparison table is updated daily. We also update new insights, reviews and product information on a regular basis.

3.92%

Monthly Interest Rate

Cashback Rewards

Price Beat Guarantee

Varies
  • Monthly repayment shown uses an indicative rate of 3.92% per month. Depending on your lender, actual rates may range from 0.25-4% per month.

    • Processing Fee

    Up to 6x

    Monthly Income

    $288.67
  • Monthly repayment shown uses an indicative rate of 3.92% per month. Depending on your lender, actual rates may range from 0.25-4% per month.

    • Monthly Repayment

    Apply Now

    Current Moneylender Interest Rate Trends

    Today’s moneylender interest rate trends in Singapore – As of Wednesday, January 14th, 2026, moneylenders in Singapore are charging an average monthly interest rate of 3.94%

    Product Review

    Whether you require funds for personal reasons, business needs or even special occasions, 1st Credit provides flexible loan solutions with competitive terms. The company is a licensed moneylender in Singapore, offering a wide array of loan products to suit various financial needs.

    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

    Known for their customer-centric approach, they ensure that borrowers receive clear, transparent and fair lending services. Additionally, 1st Credit is one of the few moneylenders open on Sundays, making them a convenient option for those in need of immediate financial assistance.

    List of Licensed Moneylenders in Singapore (January 2026)

    All moneylenders listed below are authorised to operate legally in Singapore under the Moneylenders Act. They adhere to strict regulations set by the Ministry of Law including caps on interest rates, fees and ethical lending practices. Always verify a moneylender's license on the Ministry of Law's official website before proceeding with any loan application.

    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
    Credit Excel Capital
    Address
    3.92%
    Grocery Vouchers
    Up to 1% Cashback
    3.9  
    $1,060.58
    Check Eligibility
    Dio Credit
    Address
    3.92%
    Grocery Vouchers
    Up to 1% Cashback
    5.0  
    $1,060.58
    Check Eligibility
    Swift Credit
    Address
    3.92%
    Grocery Vouchers
    Up to 1% Cashback
    4.9  
    $1,060.58
    Check Eligibility
    Vera Capital
    Address
    3.92%
    Grocery Vouchers
    Up to 1% Cashback
    4.6  
    $1,060.58
    Check Eligibility
    Bugis Credit
    Address
    3.92%
    Grocery Vouchers
    Up to 1% Cashback
    4.9  
    $1,060.58
    Check Eligibility
    Winz Credit
    Address
    3.92%
    Grocery Vouchers
    Up to 1% Cashback
    4.9  
    $1,060.58
    Check Eligibility
    ​Fortune Credit
    Address
    3.92%
    Grocery Vouchers
    Up to 1% Cashback
    5.0  
    $1,060.58
    Check Eligibility
    Accredit
    Address
    3.92%
    Grocery Vouchers
    Up to 1% Cashback
    5.0  
    $1,060.58
    Check Eligibility
    Prosper Credit
    Address
    3.92%
    Grocery Vouchers
    Up to 1% Cashback
    5.0  
    $1,060.58
    Check Eligibility
    Soon Seng Credit
    Address
    3.92%
    Grocery Vouchers
    Up to 1% Cashback
    5.0  
    $1,060.58
    Check Eligibility
    Show All Lenders

    *Today's Moneylenders Rates - 14 January 2026

    1st Credit Application Requirements

    To apply for a loan with 1st Credit, applicants need to meet the following criteria:

    • Be at least 21 years old.
    • Singapore Citizens, Permanent Residents and foreigners with valid Employment Passes or Work Permits are eligible.
    • Provide identification documents (NRIC or passport), proof of income (recent payslips, CPF statements or bank statements) and employment verification.
    • Complete the application process online or in person at a 1st Credit branch for secure and efficient processing

    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.

    1st Credit Highlights

    • Licensed Moneylender

      1st Credit is a licensed moneylender in Singapore, operating under the regulations of the Ministry of Law, ensuring safe and legal lending practices

    • Variety of Loan Products

      1st Credit offers a range of loans, including Personal Loans, Payday Loans, Business Loans, Bridging Loans, Wedding Loans and Debt Consolidation Loans, catering to different financial needs.

    • Open on Sunday

      One of the few moneylenders open on Sundays, 1st Credit provides the flexibility to access funds even on weekends, ensuring you can get help when you need it most.

    • Fast Loan Processing

      1st Credit offers quick loan approval and disbursement, allowing clients to receive funds within the same day in most cases.

    • Personalised Service

      The friendly and knowledgeable loan consultants at 1st Credit are available to discuss your financial situation and tailor a loan solution that best suits your needs.

    Frequently Asked Questions

    Is 1st Credit a new company?

    1st Credit SG Pte Ltd was originally known as Ariksha Moneylender. It was established in 1989. With over three decades of experience, the moneylender has helped thousands of people access quick financial solutions when they need it most.

    Is 1st Credit licensed by the Ministry of Law?

    Yes, 1st Credit is fully licensed by the Ministry of Law in Singapore to operate as a licensed moneylender. We adhere to strict regulations to ensure all loans are provided legally and transparently.

    What types of loans does 1st Credit offer?

    1st Credit offers a wide range of loan products, including Personal Loans, Payday Loans, Business Loans, Bridging Loans, Wedding Loans and Debt Consolidation Loans, catering to various financial needs.

    Is 1st Credit open on weekends?

    Yes, 1st Credit is one of the few moneylenders in Singapore that is open on Sundays, providing you with the flexibility to secure a loan even on weekends.

    What documents do I need to apply for a loan with 1st Credit?

    To apply for a loan, you’ll need to provide identification documents (NRIC or passport), proof of income (recent payslips, CPF statements or bank statements) and employment verification.

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