Licensed Moneylenders in Yio Chu Kang

You will typically need your NRIC or valid passport (for foreigners), proof of income such as recent payslips or CPF contribution statements and proof of address. If you are self-employed or a private-hire driver a common occupation among residents in the area lenders may accept bank statements, ride-hailing income records or tax filings as alternative proof of income.

Licensed moneylenders serving the Yio Chu Kang area can typically process and approve applications within 30 minutes to a few hours, provided all documents are in order. Money will usually be disbursed via cash or PayNow on the same day.

Foreigners holding a valid work permit, S Pass or Employment Pass can apply for loans from licensed moneylenders. You will need your passport, employment pass or work permit and proof of income. Borrowing limits for foreigners earning less than $20,000 annually are capped at $1,500 under Ministry of Law regulations.

If your annual income is less than $20,000 you can borrow up to $1,500. If your annual income is $20,000 or more you can borrow up to six times your monthly income. These limits are set by the Ministry of Law and apply across all licensed moneylenders combined. Any existing loans with other lenders count towards your total borrowing cap.