Apply for a Monthly Installment Loan with 118 Credit
Get An Instant In-Principle Fast Approval And Collect Your Money On The Spot!
Struggling with bills, urgent expenses, or high-interest credit card debt? You’re not alone. With the cost of living in Singapore continuing to rise, many individuals and families turn to monthly installment loans to manage their finances without stress.
At 118 Credit, we offer fast, flexible installment loans with fixed monthly repayments—helping you cover large expenses, plan better, and stay financially secure. As a licensed moneylender regulated by the Ministry of Law, we provide affordable EMI loan options with no hidden fees and same-day approval. Whether it’s medical bills, education, or family needs—we’re here to support you with reliable monthly installment loans in Singapore.
A monthly installment loan is a lump-sum loan repaid through fixed monthly payments over an agreed tenure. Each instalment includes both the principal and interest, making it easier to plan your finances month by month.
At 118 Credit, loan tenures typically range from 6 months to a few years, depending on your needs and eligibility. Unlike revolving credit, installment loans offer stable, predictable repayment structures that help you stay in control of your budget.
Common features of monthly installment loans in Singapore:
Monthly installment loans are designed to help individuals better manage their expenses without the burden of lump-sum payments. They’re ideal for those who want predictable repayments and a structured path to financial relief.
You may benefit from an installment loan if you:
Get An Instant In-Principle Fast Approval And Collect Your Money On The Spot!
If you were to borrow from a financial institution like a bank, you’d typically need a minimum annual income of $30,000 and their application process would entail more stringent credit checks.
When you get a personal loan from 118 Credit and make monthly repayments, we make the loan process simple and the loan approval fast. Here’s all you need to be eligible:
As a trusted licensed moneylender in Singapore, 118 Credit offers tailored monthly installment loans Singapore residents can rely on for stability and support. All loans are processed quickly and responsibly, and our experienced team will help you choose a repayment plan that fits your budget.
Here’s why borrowers choose us:
Wait for our team to contact you; this will happen within a day of application.
You will set an appointment time for you to come down to our office. Our 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:
Come down to our office for your appointment.
You will meet your loan assistant, who will take your documents and ensure they are in order. They will explain all the terms, conditions and fees in the loan. There will be no hidden charges or surprises, everything is laid out in the clear for you. The loan assistant also presents you a monthly repayment loan plan, and if the amount or date for repayment needs tailoring, they will happily advise and change it to suit you.
Once you understand everything that the loan entails, 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!
Monthly installment loans can be very useful for people who need help in managing their finances. With improved credit ratings and a better structure to budget, installment loans are a win-win for all. Apply for one today with 118 Credit! Drop us a call at +65 6835 7666 for any enquiries! Click here for a fast cash loan in Singapore!
Get An Instant In-Principle Approval And Collect Your Money On The Spot!
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!
A monthly installment loan can be used for almost any purpose—medical bills, school fees, home repairs, weddings, or even debt consolidation. The flexibility allows you to address both immediate and long-term financial needs.
Applicants must:
Our team at 118 Credit will guide you through the process based on your employment type and documents.
Once you apply online, our team will contact you within a day to schedule an appointment. Upon approval and signing the agreement, you’ll receive your funds on the spot, usually on the same day.
Your EMI loan (Equated Monthly Instalment) is calculated based on the loan amount, interest rate, and repayment tenure. You’ll pay the same amount every month, combining both principal and interest.
Yes. We assess each case individually. If you have outstanding loans but can show a steady income and repayment ability, you may still qualify for another installment loan.
No. At 118 Credit, we allow early repayment of your loan with no additional fees. In fact, repaying early can help reduce your overall interest costs.
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