I found them through an online platform and visited their loan consultant, she was very detailed and made the process hassle free.
Definitely well recommended to others in the future
We provide a trusted source for licensed lending in Singapore with clear, regulated terms. Apply for legal loans online 24/7 through a secure Singpass MyInfo process for fast cash support!
We take pride in ensuring our borrowers are 100% satisfied. We are completely transparent and ensure you fully understand any terms and conditions that come with loan repayment before you sign the loan contract.
We provide a trusted source for licensed lending in Singapore with clear, regulated terms. Apply for legal loans online 24/7 through a secure Singpass MyInfo process for fast cash support!
Worldwide Finance Awards
118 Credit - Singapore
Singapore Business Awards
118 Credit - Singapore
Singapore Business Awards
118 Credit - Singapore
Singapore Excellence Awards
118 Credit – Singapore
Worldwide Finance Awards
118 Credit - Singapore
Singapore Business Awards
118 Credit - Singapore
Singapore Business Awards
118 Credit - Singapore
Singapore Business Awards
118 Credit – Singapore
118 Credit is a trusted money lender in Singapore since 2010, offering a range of regulated loan options including personal loans, payday loans, foreigner loans and business financing. Our loan company is licensed by the Singapore Registry of Moneylenders and are a registered member of the Moneylender Association of Singapore.
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!
Our personal loans are ideal for unexpected expenses such as medical bills, school fees, or urgent purchases. With straightforward applications and quick approvals, we help you manage life’s surprises without unnecessary stress.
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
To Receive Your Instant Cash Loan
We’ve made it simple to get the financial help you need. Follow these easy steps to secure your loan with a licensed moneylender in Singapore.
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!
Here are some of our Frequently Asked Questions that we get from most of our clients. Do take some time browsing through and we hope you may find the answers you are looking for!
Yes your personal data is definitely safe when borrowing from 118 Credit! Here’s why:
Update on 25 Jul 2024: We understand there were concerns regarding a data breach affecting 12 licensed moneylenders. 118 Credit wishes to emphasize that as the number 1 best money lender in Singapore, we do not have any business nor do we have any data stored with the third-party IT vendor that was breached. Our operations and systems are unaffected.
You can check the List of Licensed Moneylenders in Singapore which is found in the Ministry of Law’s website. The list displays the business name, registered business address, landline number and the business URLs.
It is important to take note that your physical presence is required to secure a loan. Acquiring a loan through an online channel is against the law and likely indicative of a loan scam.
To recognise a loan shark and loan scam, licensed money lenders are NOT ALLOWED to:
Stay vigilant against scammers posing as licensed money lenders on social media as 118 Credit do not operate on Facebook or Instagram.
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
Upon loan approval, the loan agreement will be explained by the loan consultants to ensure that all terms are understood and comprehended.
Once you’ve signed the contract, receive your loan amount instantly either through Bank Transfer or Cash in the office!
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! You can still apply even if you have existing bank or moneylender loans or a poor credit history. Unlike traditional banks, we assess each case holistically, not just by credit scores. This allows us to offer options such as bad credit loans and personalised solutions to match your needs. Our goal is to help you access financial support while giving you a chance to rebuild your credit with confidence.
