Foreigner Loan

Recommended Moneylender

Magnus Credit Pte Ltd

Licensed Moneylender |
License no 30/2019

Address:
301 Ubi Ave 1, #01-279, Singapore 400301

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

Licensed Moneylender |
License no: 171/2019

Address:
#01-37 Peace Centre, 1 Sophia Rd, 228149

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

Operating Hours: Monday – Saturday : 11am – 7pm
(Sundays & Public Holidays by Appointment Only)
* Walking 5 mins from Dhoby Ghaut MRT to here

Power Credit Enterprise Pte Ltd

Licensed Moneylender |
License no 169/2019

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

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

Operating Hours
Monday – Saturday : 11am to 7pm
(Sunday & Public Holidays by Appointment Only)
*Nearest MRT station Tanjong Pagar MRT (EW15)
Walking 2 mins from Exit A to here

Elite Investment & Credit Pte Ltd

Licensed Moneylender |
License no 89/2019

Address:
799 Geylang Road #01-01 Singapore 389680

Phone: +65 6970 7161
Email: info@elitemoneylender.sg
Website: https://www.elitemoneylender.sg/

Operating Hours: Monday – Saturday : 11am to 6pm
Saturday 11am to 6pm
Close on Sunday and Public Holidays.

*Nearest MRT Station: Paya Lebar MRT (EW8/CC9)
Walking 3-5 mins from Exit D to here

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