Quick Credit

Quick Credit Moneylender
(Product Review)

Updated October 7, 2024

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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 Monday, October 7th, 2024, moneylenders in Singapore are charging an average monthly interest rate of 3.78%

Product Review

Quick Credit, a well-established licensed moneylender located in Jurong, offers fast and reliable financial solutions. Established in 2001 and originally known as Reliahome Associate, the company has evolved to become a trusted name in the financial sector.

The moneylender prides itself on understanding the diverse needs of its clients and offers tailored money lending solutions at competitive rates.Their broad spectrum of loan products includes personal, payday, foreigner, and business loans. Quick Credit is recognised for its efficient approval process, competitive interest rates, and transparent terms.

Singapore’s 1st
Personal Loan Marketplace
Chat Directly with Loan Specialists & Review
Customised Options from your Dashboard

$1,000

$200,000

3 Months

72 Months

Your monthly payment

337

* For a loan amount of $20,000, APR of 6.95%, 5 year tenure, the tot. loan payable will be $26,940 with a monthly cost of $449. An individualised APR will be presented at the end of your application. Max. APR 8.88%. Min. repayment period 3 months, max. 72 months.

One significant benefit of using Quick Credit is their rapid approval process, often completing loan approvals within an hour, ensuring quick access to funds for urgent financial needs. Their commitment to customer satisfaction ensures a smooth and secure loan experience, making Quick Credit a preferred choice for borrowers seeking flexible and trustworthy financial assistance.

List of Reputable Licensed Moneylenders in Singapore (October 2024)

Moneylender Max. Loan Amount (Singaporeans) Max. Loan Amount (Foreigners) Monthly Interest Rate Google Reviews
Best Licensed Moneylender 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
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
1 2 Lend 6 times monthly income 6 times monthly income 1-4% 5.0
118 Credit 6 times monthly income 6 times monthly income 1-4% 4.9
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
EZ Loan 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 - 7 October 2024

Quick Credit Application Requirements

To apply for a loan through Quick Credit, you need to:

  • Be at least 21 years old
  • Have a valid NRIC, Passport, or Foreign Identification Card (FIN)
  • Provide proof of income (e.g., payslips, CPF statements, or bank statements)

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.

Quick Credit Highlights

  • Quick Approval

Fast loan processing and approvals, often within an hour.

  • Diverse Loan Options

A variety of loan products tailored to meet different financial needs.

  • Competitive Interest Rates

Transparent and affordable interest rates.

  • Simple Application

Easy online application process with minimal paperwork.

  • Secure Transactions

Ensures the privacy and security of your personal information.

  • Flexible Repayment Plans

Borrowers can expect personalised service with flexible payment plans.

Personal Loan Calculator

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Frequently Asked Questions

How does Quick Credit operate?

Quick Credit offers a streamlined loan application process through their website, focusing on fast approvals and customer satisfaction. Their professional loan officers are available to assist and guide borrowers through the process.

What types of loans does Quick Credit offer?

Borrowers can apply for personal loans, payday loans, foreigner loans, and business loans.

How long does it take to get a loan approved?

Loan approvals can be completed within one hour to one business day.

Is Quick Credit a licensed moneylender?

Yes, Quick Credit is a licensed moneylender regulated by the Ministry of Law in Singapore.

What documents are required to apply for a loan?

Applicants must provide a valid ID (NRIC, Passport, or Foreign ID) and proof of income (payslips, CPF statements, or bank statements).

If you’re a foreigner, what income do you need to take a personal loan from a bank in Singapore?

If you're a foreigner, you'll need to have an annual income of at least S$40,000 to S$60,000 to take a personal loan from a bank in Singapore. However, at Quick Credit, even if you have an annual income of less than S$10,000, you can still borrow up to S$3,000.

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