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118 Credit is a legal, recognized and licensed money lender here in Singapore. Since 2010, we’ve been a trusted provider of comprehensive money lending services, offering quick cash solutions with personalized loan packages for Singaporean residents, businesses, and foreigners alike.
Our mission is simple: to provide fast access to emergency funds when you need them most. We understand the urgency of financial difficulties, which is why our borrowing process is designed to be seamless and stress-free—no endless paperwork or long waiting times. We prioritize your needs, ensuring that your loan is processed smoothly and swiftly, so you can overcome financial challenges with ease.
Flexibility is at the core of our repayment plans. Whether you need to align repayments with your specific payday or prefer structured monthly installments, we tailor our options to suit your financial situation.
Discover the difference with our client-focused approach to money lending — where your financial well-being comes first!
As a authorised legal money lender in Singapore, licensed and regulated by the Registry of Moneylenders Singapore under the Ministry of Law, we offer tailored loan packages that comply fully with the Moneylenders Act and its regulations. Our experienced and friendly team ensures a quick, transparent, and fair lending process, providing you with a hassle-free experience. Whether you need a personal loan, business loan, or any other financial assistance, we are committed to offering you convenient and reliable loan solutions in 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!
118 Credit is also a licensed moneylender with Singpass Myinfo applications, to give you a peace of mind and credibility! Our office is situated around Bugis Singapore, in a high rise building with the most privacy and travelling convenience!
There are many instances in life when you might need fast cash, such as buying a new car, paying for your upcoming wedding, going overseas to study, or paying off hefty medical bills.
Given how expensive it is to live in Singapore, it is completely understandable that you will not have enough money on hand to pay for certain things. Many banks have a lengthy and complicated approval process with many terms and conditions. Worse, you might not even be awarded the loan contract after all that!
118 Credit is here to change that. We ensure that you don’t waste any time when getting funds. Furthermore, we are licensed by the government. It is very important to take loans from a licensed money lender as they are bound by legal rules. Whether you’re applying for a personal loan or business loan for citizens and permanent residents or foreigners, we make getting a cash loan hassle-free.
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.
There are numerous occasions when you may want quick cash loans for a sudden big purchase or to pay off large medical expenses. Given that Singapore has a high cost of living, it’s reasonable that you won’t have enough cash on hand to pay for some items. Many banks have a lengthy and convoluted approval procedure, including numerous terms, restrictions, and even loan approval charges. Worse, even after paying the processing costs, you could not be given the loan contract!
We at 118 Credit, a legal loan agency, also take great pleasure in ensuring that our borrowers are completely pleased. You’d best expect no hidden charges from us! We are entirely open, and we make sure you fully understand all of the terms and conditions before you sign the loan contract. Furthermore, we are licensed by the government. It is critical to obtain loans from authorised, licensed money lenders that are regulated by regulatory regulations.
Our company offers a variety of loan services such as short-term loans, payday loans, fast cash loans, wedding loans, and many more.
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!
The process is simple — just enter your basic contact information and the loan amount!
118 Credit | Licensed Money Lender Singapore Bugis (Formerly QV Credit) | Personal Loan & Fast Cash Loan | 1 1 8 CREDIT175A Bencoolen Street, #11-08 Burlington Square
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!
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118 Credit - Singapore
Singapore Business Awards
118 Credit - Singapore
How to find us
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