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Prosper Credit

Prosper Credit Review
(Product Review)

By Dawn Chew Prosper Credit

Updated December 23, 2025

Launch Application
6 times monthly income

Max. Loan Amount (Singaporeans)

6 times monthly income

Max. Loan Amount (Foreigners)

1 – 4%

Monthly Interest Rate

Current Moneylender Interest Rate Trends

Today’s moneylender interest rate trends in Singapore – As of Tuesday, December 23rd, 2025, moneylenders in Singapore are charging an average monthly interest rate of 3.78%

Prosper Credit Product Review

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

Prosper Credit is a licensed moneylender with its head office located at Toa Payoh, Singapore. It offers fast and effective financial solutions. Professionalism, speed, and customer satisfaction are what Prosper Credit stands for, with loan packages that fit various financial needs for personal, business, or urgent expenses. Prosper Credit boasts competitive interest rates, flexible repayment terms, and an application process with no hassle. It will ensure that borrowers of any financial background have a seamless experience. The customer-centric approach and dedication to transparency make it one of the favorites in central Singapore.

List of Reputable Licensed Moneylenders in Singapore (December 2025)

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
SG Credit
Address
3.92%
Grocery Vouchers
Up to 1% Cashback
4.0  
$1,060.58
Check Eligibility
BST Credit
Address
3.92%
Grocery Vouchers
Up to 1% Cashback
4.9  
$1,060.58
Check Eligibility
Cash Direct
Address
3.92%
Grocery Vouchers
Up to 1% Cashback
5.0  
$1,060.58
Check Eligibility
GS Credit
Address
3.92%
Grocery Vouchers
Up to 1% Cashback
4.9  
$1,060.58
Check Eligibility
Bugis Credit
Address
3.92%
Grocery Vouchers
Up to 1% Cashback
4.9  
$1,060.58
Check Eligibility
Goldstar Credit
Address
3.92%
Grocery Vouchers
Up to 1% Cashback
5.0  
$1,060.58
Check Eligibility
Quickloan
Address
3.92%
Grocery Vouchers
Up to 1% Cashback
4.9  
$1,060.58
Check Eligibility
R2D 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
Show All Lenders

*Today's Moneylenders Rates - 23 December 2025

Prosper Credit Application Requirements

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

  • Be at least 21 years old.
  • Be a Singapore Citizen, Permanent Resident, or foreigner with a valid work pass or employment documentation.

Documents Required:

For Employed Borrowers:

  • NRIC (Identity Card)
  • Last 3 months’ CPF contribution statements
  • Proof of salaries credited to the bank account for the past 3 months

For Employed Borrowers:

  • NRIC (Identity Card)
  • Last 3 months’ CPF contribution statements
  • Proof of salaries credited to the bank account for the past 3 months

For Self-Employed Borrowers:

  • NRIC (Identity Card)
  • Last 2 years’ Notice of Assessment (NOA)
  • Proof of income (e.g., bank statements, commission slips, or income slips)

For Foreigners:

  • Passport
  • Valid work pass
  • Proof of residence (e.g., utility bills, rental agreements)
  • Proof of salaries credited to the bank account for the past 3 months

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.

CreditMaster Highlights

  • Quick Application Process

    Online applications with approvals in as little as a few hours.

  • Tailored Loan Plans

    Flexible repayment options based on your financial capacity.

  • Transparent Terms

    No hidden fees or complex terms—everything is straightforward.

  • Multiple Loan Types

    Personal, business, renovation, education, and debt consolidation loans.

  • Trusted Licensed Provider

    Fully accredited by Singapore’s Ministry of Law.

Calculate My Results

Frequently Asked Questions

What kinds of loans does Prosper Credit grant?

Prosper Credit grants a wide variety of loans, such as personal loans, business loans, and debt consolidation loans, among many others, towards different financial needs.

Who are eligible to apply for any loan at Prosper Credit?

Any Singapore Citizen, Permanent Resident, or foreigner aged 18 years old and above, with proof of regular income, can apply, even those with a bad credit history.

What documents does a client need to provide when submitting a loan application?

The required documents differ according to employment status. For employed persons, an NRIC, CPF statements, and proof of salary are required. Self-employed applicants have to present their NOA and income statements. For foreigners, a passport, valid work pass, proof of residence, and proof of salary are needed.

How long does it take to process a loan application?

Prosper Credit has ensured speedy processing, with most approvals completed the same day.

Can people with bad credit apply for a loan?

Yes, Prosper Credit accepts bad credit borrowers, and decisions are made case by case.