Accredit® Loan | Licensed Money Lender Singapore

Accredit® Loan offers loan ranging from S$500 to S$500,000 based on your financial situation. We can lend up to six times your monthly salary if you meet the requirements. Unlike banks, provide loan options for individuals with annual incomes below S$20,000.

Factors that influence how much you can borrow:

• Monthly income
• Employment status
• Credit history and past loans
• Debt-to-income ratio
• Residency status in Singapore
• Other debts and financial commitments

The following proof of identity and financial documents are required to apply for a loan in Singapore:

Singaporean / PR

• Proof of Income (CPF)
• NRIC

Foreigners

• Payslip
• Employment Pass
• Proof of Address (E.g. Telephone bill, Insurance letter, Utility bill and etc)

Within 20 minutes!

Whether you apply online or visit to one of our four branches in Singapore, our financial consultants will assist with your loan application and conduct all of the requisite checks. You will asked to visit our offices in person to complete the loan disbursement process and receive your funds.

Once your loan is approved, our financial officers will guide you through the terms and repayment timeline for your loan. We adhere to the guidelines set out by the Ministry of Law (MinLaw) and ensure that you understand the terms&conditions of your loan.

1. Loan Contract Signing: We will provide a loan contract outlining the loan amount, interest rate, and repayment terms.
2. Loan Disbursement: Once the contract is signed, we will disburse the loan amount, typically within 1 hour. The disbursement can be made through cash, PayNow, or bank transfer.
3. Repayment Schedule: A repayment schedule will be provided, and we will issue receipts for every payment made.
4. Ongoing Communication: Throughout the loan term, we will keep in touch to ensure smooth repayment.
5. Loan Settlement: Upon completion, we’ll issue a final statement confirming the loan has been fully settled.

Our loan officers will provide you a hard copy of monthly repayment schedule to allow you to track your repayments or you can contact us to check on it. Once you transferred the final repayment, you will receive a final summary statement detailing all repayments and confirming that your loan is settled.

We offer competitive interest in line with market and economic conditions. Unlike some lenders, we don’t charge the maximum interest allowed. While the Ministry of Law and MLCB caps interest rates for licensed moneylenders at 4% per month, we go a step further to offer you the best possible interest tailored to your needs.

Our fee structure is completely transparent. While some other licensed moneylenders in Singapore may charge up to a 10% administration fee on the principal of the loan, we work hard to keep our interest to be lowest. 

We know that sometimes things don’t go to plan. If life gets in the way and you miss a repayment, rest assured that any late fees are capped by law—no hidden surprises.

Yes.

Previous loan history is not the only factor we consider when assessing your loan. Even if you have a low credit score profile or existing loans, we may assess your application based on your current financial stability and repayment ability. 

Accredit Yishun

743 Yishun Ave 5, #01-548, Singapore 760743
Monday-Friday: 10 am to 8 pm
Saturday-Sunday: 10 am to 5 pm

Accredit Tampines

503 Tampines Central 1, #01-315, Singapore 520503
Monday-Friday: 10 am to 8 pm
Saturday-Sunday: 10 am to 5 pm

Accredit Hougang

Blk 805 Hougang Central, #01-100, Singapore 530805
Monday-Friday: 10 am to 8 pm
Saturday-Sunday: 10 am to 5 pm

Accredit Jurong

506 Jurong West St 52 #01-192, Singapore 640506
Monday-Friday: 10 am to 8 pm
Saturday-Sunday: 10 am to 5 pm

You can obtain multiple personal loans at once from Accredit® Loan. However, each subsequent application will take into account the repayment record of your existing loans. 

Please note that we don’t advise borrowing multiple personal loans at one time because this can impact your credit score.

There are penalties for late repayments, but, if you do happen to miss a monthly repayment, all late fees are capped by law.

Depending on your financial situation, you can choose to repay your loan in smaller repayments in up to 12 months.

We may reject a loan application if your credit score is poor, you have high debts or an insufficient income.

We encourage you to improve your credit scores by clearing your debts or financial expenses, correcting any issues on your credit report and choosing a loan repayment option which is feasible and appropriate for your current financial situation.

Secured loan requires collateral, which means borrowers must pledge an asset - a property, car, investment or other asset as collateral for the loan. 

An unsecured loan will not require collateral but rely on the borrower’s credit score and ability to repay the loan. However, unsecured loan typically offer higher interest rates and lower borrowing limits than secured loan. In Singapore, citizens and permanent residents can borrow up to S$3,000 if their annual income is below S$20,000, or up to six times their monthly salary if their annual income is more than S$20,000.

Singapore banks offer a wide range of financial products, including personal loan, credit cards, and lines of credit. Getting a loan from a bank will typically require a good credit score or collateral for approval and interest rates can vary.

Accredit® Loan is the only one licensed money lenders in Singapore with 4 branches that adhere to strict MinLaw guidelines which says interest rates must be capped at 4% per month. We will also consider loan applications from borrowers with low credit scores and lower incomes. 

We have an easy and efficient application process online or at one of our four branches across Singapore where you can get your money immediately. Get started by filling in the application form on this page.

There is no single "best" lender in Singapore.

However, the MinLaw publishes a list of licensed money lenders, allowing you to verify their licence details before applying for a loan. For example, our licence no. is 69/2026 and our moneylending business name is Accredit Pte. Limited.