Foreigner Loan

Recommended Moneylender

Mgnus Credit Pte Ltd

Licensed Moneylender |
License No : 35/2018

Address:
35 Selegie Road #05-25 Parklane Shopping Mall Singapore 188307

Phone: +65 6338 9891
Email: info@magnuscredit.com.sg
Website: http://www.magnuscredit.com.sg/

Operating Hours: Monday to Friday: 11am – 7pm
Saturday: 11am – 6pm
*Walking 5 mins from Dhoby Ghaut MRT/Bras Basah MRT to here

Swift Credit Pte Ltd

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License No : 177/2017

Address:
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Phone: +65 6684 4129
Email: info@swiftcredit.sg
Website: http://www.swiftcredit.sg/

Operating Hours: Monday – Saturday : 11am – 7pm
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Power Credit Enterprise Pte Ltd

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License No : 163/2017

Address:
1 Tras Link #01-11 Orchid Hotel Singapore 078867

Phone: +65 6443 2940
Email: info@powercredit.sg
Website: http://www.powercredit.sg/

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Happy Cash Pte Ltd

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License No. 32/2018

Address:
Block 465 North Bridge Road #01-5083 Singapore 191465

Phone: +65 6293 3229
Email: happycashpteltd@gmail.com
Website: http://www.88personalloansingapore.com/

Operating Hours: Monday – Saturday : 11am to 7pm
(Sunday & Public Holidays by Appointment Only)
*Nearest MRT station
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Walking 3 mins from Exit A to here

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Foreigner Loan Packages

Working outside our native country is a tough decision. To some, getting a job in another country means debts, as some are require to pay a certain amount for the processing fee before they reach the desired job in a foreign land. As a foreigner we find it hard to acquire or qualify for any type of loans especially if we are working in certain period of time in the country.

Foreigner loan is offered to qualified foreign workers who meet all the requirements for obtaining a loan. It will be based according to the foreigner’s contract of employment, payslips, identification, and proof of address.

The loanable amount and approval for foreigner loan is subjected to the loan officer and dependent on the documents being submitted. With the right Moneylender and proper guidiance, the approval for a foreigner loan will be successful.

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Knowledge Corner


Things You Should Know on Borrowing:
Minimum Period for Repayment From 1 month
Maximum Period for Repayment Up to 12 Months
Minimum Annual Percentage Rate From 12% per annum
Maximum Annual Percentage Rate Up to 48% per annum on reducing interest rate

Sample Representation of Loan with Maximum Rates:
Total Amount Borrowed SGD 10,000
Time Period * 12 Months
Interest Rate ** 1% Per Month
Annual Percentage Rate of Charge (APR) ** 12% APR
Total Cost Payable Per Annual*** (excluding loan principle) SGD 1,200

* Time period is from minimum period of 2 months to maximum period of 12 months.

** Interest Rate may vary up to a maximum of 4% per month, depending on loan amount and period of repayment.

*** Total Cost Payable exclude administrative fee. Cost stated is an estimation and may vary due to loan amount, period of loan and other fees such as late fee and late interest rate may be charged in the event of violation on terms & conditions.


For more details, please contact our respective financial consultants