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Apply NowFriday Finance is a Singapore licensed moneylender operated under IFS Consumer Services Private Limited, regulated by the Registry of Moneylenders (Ministry of Law) and built for borrowers who want a faster, more digital loan journey. Instead of lengthy forms, applicants can apply with MyInfo (QR scan), submit only key details and receive an instant indicative loan offer before heading down for a loan interview to complete the process. Friday Finance provides a broad suite of financing solutions, such as Personal Loans, Debt Consolidation, Renovation Loans, Wedding Loans, Student Loans, Payday Loans and Start-up Loans, including options for gig or self‑employed individuals. Pricing is presented with a tiered approach: interest rates from 0.88% per month (case-by-case assessment) and admin fees from 6%, with a 50% admin-fee refund upon full, timely repayment. For added borrower protection, unsecured personal loans also come with complimentary Personal Loan Protection Insurance underwritten by ECICS Limited, helping reduce financial strain in covered accident-related scenarios.
Friday Finance may be worth considering if you prefer a digital-first borrowing journey where you can use MyInfo to submit details quickly and receive an indicative offer instantly before committing to anything. It can also suit borrowers who want clearer cost structure, since pricing is presented as tiered (interest from 0.88% p.m. and a one-time admin fee from 6%) and includes a 50% admin-fee rebate when repayments are completed on time. However, it may not be ideal if you dislike assessment-based outcomes, because the final quantum and rates depend on income, debt-to-income ratio, credit records and MinLaw constraints. If you proceed, treat the loan interview as your checkpoint to confirm total payable and repayment schedule before signing.
Today’s moneylender interest rate trends in Singapore – As of Wednesday, April 29th, 2026, moneylenders in Singapore are charging an average monthly interest rate of 3.68%
Here are licensed moneylenders located nearby. All lenders listed are verified with the Ministry of Law and regulated under the Moneylenders Act.
All lenders verified against Ministry of Law registry. Last updated: April 29 2026.
Applying for a loan at UK Credit is designed to be simple and accessible for all eligible borrowers. Whether you’re a Singapore Citizen, Permanent Resident or a foreigner residing in Singapore, the process is transparent and structured to comply fully with the Ministry of Law’s lending guidelines.
Eligibility Criteria:
– Applicants must be 21 years old or above.
– Must be a Singaporean, Permanent Resident or foreigner with valid employment documentation.
– Must have a regular source of income.
Loan amounts are determined based on your annual income:
– Singaporeans/PRs earning under S$20,000/year can borrow up to S$3,000.
– Foreigners earning under S$10,000/year may qualify for up to S$500.
– Those earning S$10,000 to under S$20,000/year can access up to S$3,000.
– Individuals with annual income above S$20,000 may borrow up to six times their monthly income.
Documents Required:
For Singapore Citizens / PRs:
– NRIC (front and back)
– CPF contribution statements or IRAS Notice of Assessment (retrieved via Singpass)
– Latest 3 months’ payslips or other income proof (e.g., bank statements, invoices)
For Foreigners residing in Singapore:
– Valid work pass (S-Pass, E-Pass or equivalent)
– Passport and proof of residential address (e.g., tenancy agreement, utility bill)
– Latest 3 months’ payslips
All applicants must undergo in-person identity verification at UK Credit’s registered office prior to loan disbursement, as required by Singapore law. No upfront fees are collected before approval, ensuring a secure and compliant application experience.
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.
Friday Finance is operated by IFS Consumer Services
Private Limited, a licensed moneylender regulated by the Registry/Registrar of Moneylenders under the Ministry
of Law (Singapore).
You can apply using MyInfo (QR scan), fill in
minimal details and receive an instant indicative loan offer, before heading down for a loan interview to
proceed.
Friday Finance states interest rates from 0.88% p.m.
(tiered, case-by-case assessment) and admin fees from 6% (one-time fee).
Borrowers may receive a 50% rebate/refund on admin fees
after full and timely repayment (the site also notes ensuring sufficient funds for GIRO deductions).
The FAQ indicates there is no fee for early
repayments, supporting borrowers who want to close their loan sooner.
