Every question below is one real borrowers ask, answered the way we would answer it across the table. If yours is not here, walk in or message us. Asking costs nothing.
You are eligible if you are at least 18 years old, are a Singaporean, Permanent Resident, or a foreigner with a valid work pass, have a regular income you can show, and are not an undischarged bankrupt. That is the legal gate. Everything past it, the amount, the tenure, the offer, is assessment, which means it depends on your income and your Moneylenders Credit Bureau record, and we tell you honestly where you land.
The law caps unsecured borrowing by income, counted across all licensed moneylenders together:
| Annual income | Maximum across all licensed lenders |
|---|---|
| Under $20,000 | $3,000 |
| $20,000 and above | 6 times your monthly income |
We will help you borrow what the problem needs, which is usually less.
| Annual income | Maximum across all licensed lenders |
|---|---|
| Under $10,000 | $500 |
| $10,000 to under $20,000 | $3,000 |
| $20,000 and above | 6 times your monthly income |
Employment Pass, S Pass, Work Permit, or a Dependant’s Pass or LTVP with permission to work. Full details on our foreigner loan page.
Singpass MyInfo replaces most of this digging for anyone who has it, which is why it is the fastest path.
The honest answer: some people do not, this month. Income too irregular to show, a cap already used up at other lenders, an undischarged bankruptcy. If that is you, a loan today is not the fix, and we will say so instead of signing you into a problem. The path forward: come in or message us anyway. We will tell you exactly what is blocking you, what changes it, whether that is a document, a cleared balance, or a discharge date, and what your options are in the meantime. Knowing where you stand costs nothing and is better than guessing at 3am.
No. Eligibility is the legal gate: age, status, income, not bankrupt. A weak MLCB record shapes the offer, it does not shut the door. See our bad credit loan page.
Possibly. Your cap applies across all licensed lenders combined, so it depends how much of it is used. Declare it; we see the MLCB record anyway.
Regular, provable income counts. Bring what shows it, payslips, CPF history, or tax assessment, and we will tell you what your figure includes.
Yes, with your recent 2 years of income tax assessment. Gig and freelance income is real income when it can be shown.
Check with Singpass, or walk in and ask. Either way, you decide with real numbers.
