√ Licensed & regulated by the Ministry of Law
√ Tailored, transparent loan solutions to match your needs
√ Hassle-free online application using Singpass Myinfo
√ Auto-filled forms for a smooth, seamless process
√ Fast approvals and quick access to funds
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At 118 Credit, we are a trusted money lender in Singapore, proudly operating under the Ministry of Law since 2010. With over a decade of experience, we have helped thousands of Singaporeans, permanent residents, foreigners, and business owners secure fast and legal loans with peace of mind. As an authorised licensed moneylender, we strictly adhere to the Moneylenders Act and all regulations set by the Registry of Moneylenders Singapore. Our commitment to transparent, ethical, and reliable money lending makes us one of the most reputable choices for those seeking loan money in Singapore.
We understand the stress of unexpected expenses, which is why our team is committed to a fast, fair, and client-focused lending experience. Whether you’re applying online or visiting our licensed office, our friendly loan specialists are here to help you borrow responsibly and confidently. Whether you need an urgent personal loan, flexible business financing, or short-term cash solutions, our goal is simple, which is to provide quick access to emergency funds with a streamlined, no-hassle process and customised repayment plans that work for you.
Refer to the official Ministry of Law advisory for borrowers.
You will receive approval of your application loan online within an hour. No more waiting for weeks of approval. Just fill out the loan application form for a quick turnaround.
With a simple application form, you can immediately apply for a loan with us! Unlike traditional banks, we only require proof of personal id documents and simple proof of income.
There are many unlicensed money lenders such as loan sharks that take advantage of borrowers with ridiculously high-interest rates. It's crucial you only borrow from licensed money lenders, recognised by various government agencies and the Ministry of Law.
Rest assured you can get past your financial difficulties because we offer one of the highest loan quantum with the best rates. You may contact one of our loan officers to get a quote and expect reasonable interest rates!
Loan applications are done online in 3 easy steps, completed in 1 minute. By applying with Singpass Myinfo, loan approvals are even faster!
Once the application is received, loan approvals can be as quick as 30 minutes so stand by your phone!
No hidden fees! Approval within 20 minutes with instant cash disbursement in our office!
118 Credit | Licensed Money Lender Singapore Bugis (Formerly QV Credit) | Personal Loan & Fast Cash Loan | 1 1 8 CREDIT175A Bencoolen St, #11-08 Burlington Square, Singapore
Life in Singapore moves fast, and when urgent expenses arise, having quick access to funds can make all the difference. At 118 Credit, we understand that financial challenges don’t always come with advance notice. That’s why we provide licensed money lending solutions that are fast, secure, and fully regulated under the Ministry of Law. We offer a legal and efficient alternative to traditional banks, which often have lengthy approval processes and strict lending conditions. Whether you need a fast cash loan for a sudden emergency or financial assistance to manage big life events, we’re here to support you every step of the way.
Here are some common situations where applying for a legal loan in Singapore makes sense:
Planning a wedding, baby shower, or milestone celebration? A loan can help you manage costs without dipping into your long-term savings.
Health emergencies can be expensive. Get access to urgent loan support to cover treatments, procedures, or hospital stays.
Secure a legal loan to fund tuition, enrichment classes, or overseas education deposits for yourself or your child.
Whether it’s fixing a burst pipe or renovating a resale flat, we offer quick financing to help you restore your living space.
Short on cash before payday or CPF disbursement? Our fast cash loans bridge the gap without delay.
Here at 118 Credit, we also take great pride in ensuring our borrowers are 100% satisfied.
We do not have any hidden fees and interest charges; we are completely transparent and ensure you fully understand any terms and conditions that come with loan repayment before you sign the loan contract.
When financial needs arise, many turn to banks, only to face strict eligibility criteria, long processing times, and uncertain approvals. At 118 Credit, we offer a faster, regulated alternative.
Here’s how borrowing from a licensed moneylender in Singapore compares:
| Banks | 118 Credit (Licensed Money Lender) |
|---|---|
| Approval may take weeks | Fast approval, often within an hour |
| Requires high income and credit score | Open to citizens, PRs, and foreigners |
| Complex paperwork and collateral | Easy application with Singpass MyInfo |
| Possible hidden charges or early repayment penalties | Transparent fees, no hidden costs |
We follow the Moneylenders Act strictly, ensuring all loan terms are fully explained, legally compliant, and tailored to your capacity to repay. With over a decade of experience, our goal is to provide not just loans but clarity, convenience, and control over your finances.
For those unexpected expenses, our personal loans provide a quick and easy solution. Get loan amounts up to $250K, with flexible repayment options and fast approvals.
Looking for extra working capital? Our business loans help companies manage cash flow, expand operations, or cover urgent costs — all with competitive interest rates and fast disbursement.
New to Singapore and need quick financial support? Our foreigner loans are designed for expatriates and work pass holders who may not qualify for traditional bank loans. We offer fast approval, minimal paperwork, and customised repayment plans to help you settle in smoothly
Upgrade your home without financial strain. Our renovation loans provide affordable financing for home improvement projects with structured repayments that fit your budget.
Make your dream wedding a reality! Our wedding loans help you manage costs for your big day — venue, catering, photography, and more — with stress-free financing options.
Struggling with multiple loans? Our debt consolidation loans allow you to merge your debts into a single, manageable repayment, making it easier to stay on top of your finances.
The process is simple — just enter your basic contact information and the loan amount!
According to the law, there are 4 charges that licensed moneylenders in Singapore are allowed to impose:
1. Up to 10% Administrative Fee (deducted upfront from your loan amount)
2. Up to 4% Interest Rate per month
3. Up to 4% Late Interest Rate per month
4. Up to $60 Late fee per month
It is highly recommended to apply for our loans on our website using Singpass Myinfo as the loan application will be populated instantly – Easy and Quick!
This helps to facilitate faster loan approvals and our loan representatives will contact you within 30 minutes.
Applying via Myinfo will assist our valued clients to steer clear of scams and to prevent phishing applications as 118 Credit is a Singpass Myinfo partner.
Have questions or doubts? Chat with us on WhatsApp with our friendly customer service
Take in mind that applying for a loan is a legal obligation.
You have to fully understand the terms and charges of the loan contract while our helpful loan consultants explain the loan agreement to you in the office.
Timely repayments are encouraged to avoid late fees and additional late interest charges.
Do speak with us to find out more!
As money lender companies are officially licensed, they are reliable money lenders that are legally allowed to lend you a quick financial solution. Should you need money urgently in Singapore, all you need to do is:
Licensed money lenders are generally fast, efficient and have minimum procedures where your personal loan application is processed on the spot! Based on a case by case basis, moneylenders in Singapore do not require an extremely tedious loan application process. After submission, a loan disbursement may be offered to you within 30 minutes!
Loan eligibility is dependant on your income. Licensed money lenders like 118 Credit are able to provide loans up to 6 times of your monthly salary to borrowers. Take note that this restriction is a shared regulation among all lenders.
There are some minor requirements:
As a rule of thumb, you should only borrow the amount that you need and ensure that you are able to commit to the monthly repayments.
Unsecured Loans:
Secured Loans:
Yes, definitely! We highly encourage you to consider early loan settlements of our loans to save on interests.
There are no early termination fees or penalties!
Early loan settlements can be performed when you receive additional income/funds such as Annual Wage Supplement (AWS) Bonus, Performance Bonus, or Proceeds from Property Sales.
Only the full outstanding principal + prevailing interest for the upcoming repayment will be charged. The unused interest will be waived.
Note that pro-rata interest will not be considered.
Yes, definitely! At our money lending institution, we welcome applications if you have existing bank or moneylender loans or even a history of bad credit with the banks.
Unlike traditional banks that often turn away customers due to such records, we understand that financial setbacks can happen to anyone especially during COVID.
Approved money lenders has assessment processes that takes into consideration a broader range of factors beyond just credit history and credit scores, allowing us to offer personalised solutions as we evaluate and understand each case on a unique basis.
We believe in providing opportunities for financial assistance and a chance to rebuild creditworthiness!
Best Money Lending Service 2023 - Singapore
Worldwide Finance Awards
118 Credit - Singapore
Most Trusted Money Lending Company 2023
Singapore Business Awards
118 Credit - Singapore
How to find us
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