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 has been providing fast, hassle-free loan solutions to individuals in Singapore for over a decade. We assist salaried employees, self-employed individuals, and foreigners working in Singapore who require accessible financing through a licensed and regulated process.
As a company licensed by the Singapore Registry of Moneylenders and a registered member of the Credit Association of Singapore, our focus is on responsible lending, transparent terms, and compliance with Singapore’s lending framework.
Applications are reviewed through a structured process designed to support borrowers who require urgent financial assistance, while ensuring clear terms and responsible lending practices.
Personal information is handled securely in line with Singapore data protection practices. Applicants typically provide identification and proof of income as part of a standard, responsible loan assessment.
We are licensed by the Registry of Moneylenders and operate within Singapore’s moneylending regulations, providing loans through a legal and compliant framework.
Borrowers receive a clear explanation of loan amounts, costs, and repayment schedules before proceeding, supporting informed financial decisions.
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.
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
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.
