What is a Foreigner Loan?

Apply for a foreigner loan package. 118 credit offers foreigners working in singapore loans

A foreigner loan is specifically catered for individuals who are not permanent residents or citizens of a country. A foreigner loan serves as a specialized personal loan tailored for foreigners, although there are specific eligibility criteria and documents involved, they are not stringent. (Call us to find out more)

As one of the top licensed money lender in Singapore, 118 Credit’s Foreigner Loan Singapore packages stand out with their attractive features, including low interest rates and flexible loan repayment schedules. Whether you’re an expat or foreign worker, we provide the most affordable foreigner loans to assist you in maintaining financial stability.

As a foreigner working in Singapore, finances can be tough, especially given the high cost of living here. It is essential to ensure that you have an adequate amount of money to cover your expenses, including rent and also remember to set aside a portion of your earnings to send back home. What happens in an emergency? Who can you turn to for financial support?

Taking up a personal loan from the banks would seem like a viable option. However, it is unfortunate that foreigners can face a lot of difficulties obtaining a loan, especially from banks, due to Red Tape.

But not to worry! Within an hour, 118 Credit is determine to lend a helping hand by providing foreigner loan packages to foreigners working in Singapore who need a quick loan for emergencies.

Why Borrow From 118 Credit?

No Collateral Needed

Unlike banks, we don’t require you to pledge anything. We just want to make it easier for you to get the finances you need.

Super Quick & Easy Process

Getting cash is fast. Just fill out the loan application, prepare your documents and sign the papers!

Custom Packages with Flexibility

Our experienced loan assistants will tailor a loan package according to your needs. We’ll even work out a repayment schedule that’s comfortable for you!

Confidentiality & Data Protection

118 Credit operates with a strict code of ethics. Your personal details are completely safe with us.

Low Interest Rates

We know times are hard for you. So we keep our interest rates down so you can get the help you need most.

No Hidden Fees and Charges

Everything is transparent and made known to you. Every term, condition and fee. We pride ourselves in honest relationships with our clients.

Apply for a Loan with 118 Credit

Get An Instant In-Principle Approval And Collect Your Money On The Spot!

Apply for a Personal Loan with 118 Credit

What are your Finance options in Singapore?

It is near impossible for a foreigner to qualify for a bank loan in Singapore. They require a credit score, months of paperwork and you might not even get it in the end. That’ll just be a waste of time and added frustration!

That’s why you should turn to a legal and licensed moneylender such as 118 Credit!

With us, applying for a foreigner loan in Singapore is easy. We understand your stress and we want to help you out in a quick, simple and honest way!

Requirements to Borrow Money

Foreign Loan Application Requirements

  • You must have a valid Singapore Employment Pass (E Pass), S Pass or Work Permit
  • Latest 3 months Payslip
  • Age above 18 years old
  • Full time employed personnel

That’s all you need!

Only 5 Steps with 118 Credit

Get An Instant In-Principle Approval And Collect Your Money On The Spot!
Apply for a loan through our online loan application form.

Wait for our team to contact you, this will be done within an hour.


Schedule an appointment to come down to our office. Our friendly loan assistant will also tell you what documents you need to prepare.


These are the mandatory documents you will need to bring along for the loan appointment:

  • A valid working permit issued
  • A valid passport
  • Your most recent 3 months Payslip
  • Rental or Tenancy agreement if any
  • Proof of billing to your residential address (E.g. Utility bill, broadband bill, or mobile phone bill)

Come down to our office for your appointment.


First, we’ll ensure your documents are in order. Then we’ll go through all the terms, conditions and fees in the loan. Finally, we’ll also work out the best repayment plan for you that will not burden your finances.


Once you understand the loan terms and conditions you will sign the loan agreement.


The money will be given to you immediately once the loan agreement has been signed. It is that simple!

Start Now with 118 Credit

Get An Instant In-Principle Approval And Collect Your Money On The Spot!

118 Credit’s Tips on Alternative Financing


Find A Reliable And Trustworthy Licensed Moneylender


You should always look for a licensed moneylender as they are regulated by the Ministry of Law.


Here at 118 Credit, we are committed to trust and integrity, and are also legal and licensed lenders. Taking a loan should help not hinder you. If the lender tries to convince you to borrow a very large sum of money, do not take a loan with them


Understand The Purpose Of The Loan


Once you understand exactly what the loan is for, you can decide how much you need, how long you will take to pay back the loan money, and the package that suits you.


You should also be careful that this money should only be used for your most urgent issues, do not take the foreigner loan as fast cash.


Do Not Borrow Too Much



Chances are, if you have too much on hand, you’ll be tempted to spend the extra money on things that are unnecessary. This will harm your finances because you’ll have a much higher sum to repay.


So… only borrow what you need and what you can repay!


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!

Apply with 118 Credit Today!

We offer a range of different loan types based on your needs. It doesn’t matter if you have a bad credit history, or low-income, the best money lender for you is 118 Credit!

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