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sumo credit review

Sumo Credit Review
(Product Review)

By Dawn Chew sumo credit review

Updated December 23, 2025

Launch Application

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

    Check Eligibility

    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%

    Sumo 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

    Sumo Credit is a trusted licensed moneylender in Singapore, offering over 14 years of expertise in providing financial solutions tailored to diverse needs. With services such as personal loans, fast cash loans, payday loans, and SME business loans, Sumo Credit ensures quick and efficient access to funds. Known for their transparent practices, competitive interest rates ranging from 1-4%, and fast approval times, Sumo Credit is a go-to provider for borrowers seeking reliable and convenient loan options.

    List of Licensed Moneylenders in Singapore (December 2025)

    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
    Sumo Credit
    Address
    3.92%
    Grocery Vouchers
    Up to 1% Cashback
    4.9  
    $1,060.58
    Check Eligibility
    Quick Credit
    Address
    3.92%
    Grocery Vouchers
    Up to 1% Cashback
    5.0  
    $1,060.58
    Check Eligibility
    Majestic Credit
    Address
    3.92%
    Grocery Vouchers
    Up to 1% Cashback
    4.5  
    $1,060.58
    Check Eligibility
    Fast Money
    Address
    3.92%
    Grocery Vouchers
    Up to 1% Cashback
    4.5  
    $1,060.58
    Check Eligibility
    Soon Seng Credit
    Address
    3.92%
    Grocery Vouchers
    Up to 1% Cashback
    5.0  
    $1,060.58
    Check Eligibility
    Horison Credit
    Address
    3.92%
    Grocery Vouchers
    Up to 1% Cashback
    4.9  
    $1,060.58
    Check Eligibility
    Quickloan
    Address
    3.92%
    Grocery Vouchers
    Up to 1% Cashback
    4.9  
    $1,060.58
    Check Eligibility
    Hup Hoe Credit
    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
    Synergy Credit
    Address
    3.92%
    Grocery Vouchers
    Up to 1% Cashback
    5.0  
    $1,060.58
    Check Eligibility
    Show All Lenders

    *Today's Moneylenders Rates - 23 December 2025

    Sumo Credit Application Requirements

    To apply for a loan at Sumo Credit, applicants must meet the following criteria:

    Eligibility Criteria:

    • Be a Singapore Citizen, Permanent Resident, or foreigner residing in Singapore.
    • Earn a stable income.

    Documents Required:

    • NRIC or Passport.
    • Proof of residence (e.g., utility bill or tenancy agreement).
      Proof of income (e.g., payslips, CPF contributions, or NOA).

    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.

    Sumo Credit Highlights

    • Over 14 Years of Experience

      Trusted expertise in providing fast and reliable financial solutions.

    • Fast Loan Approvals

      Instant approvals within 15 minutes and quick disbursement of funds.

    • Competitive Rates

      Monthly interest rates starting at 3.92%, with loan amounts up to six times your monthly income.

    • Wide Range of Loan Options

      Includes personal, payday, business, and fast cash loans.

    • Highly Rated Service

      Rated 4.9/5 with 677 positive reviews for professionalism and efficiency.

    Calculate My Results

    Frequently Asked Questions

    What types of loans does Sumo Credit offer?

    Sumo Credit offers personal loans, fast cash loans, payday loans, and SME business loans.

    What is the interest rate at Sumo Credit?

    The interest rate starts at 3.92% monthly, ensuring affordability for borrowers.

    How fast can I get my loan approved?

    Loan approvals are instant, taking just 15 minutes, with quick disbursement of funds.

    What documents do I need to apply?

    Applicants need to provide their NRIC or Passport, proof of residence, and proof of income.

    Where is Sumo Credit located?

    Sumo Credit is located at 304 Orchard Road, #02-29 Lucky Plaza, Singapore 238863.