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!

Where can i apply my loan at?

You are able to apply your loan via our online loan application form that is easy to complete, or subsequently you may drop by our office at:

QV Credit Pte. Ltd.

175A Bencoolen Street
#11-08, Burlington Square
Singapore 189650
Phone: 6835 7666

May I know the reason for not approving my loan?

QV Credit reserve all rights not to disclose any information with regards to any loan approvals.

Will QV Credit grant me a loan if I have bad credit ratings?

Subjected to a case by case basis, we will try our best to customize a loan package according to your repayment ability.

May I take another loan if I already have an existing loan with QV Credit?

Yes, we will grant you another loan provided you are eligible at time of application subjecting to The Moneylenders Act and its regulations.

Upon paying off my loan, am I able to request for another loan?

Yes, we will grant you another loan provided you are eligible at time of application subjecting to The Moneylenders Act and its regulations.

How do I make my Repayment?

By Default, payments are made through GIRO. You can also opt for bank transfer to our designated accounts or pay CASH at our office.

Are there any fees if I would like to make an early redemption?

No, not only will there not be any additional fee incurred, there is even an interest rebate for full early repayment! The earlier you make your full early repayment the more interest you’ll save on!

Upon Approval of my Loan Application can i still reject it?

YES, you should not be coerced or pressured to take out any loans if it is not what you are looking for in terms of any deplorable clauses or even personal reasons.

Compulsory Requirements needed for any loans

In order to take out any loans from us, you have to fulfill these requirements stated below

  1. A Singapore Citizen or Permanent Resident of Singapore
  2. At least the age of 21 and above
  3. Must not be declared undischarged bankrupt nor any bankruptcy that is ongoing
  4. Permanently employed contributing monthly CPF
  5. Foreigners and Expats must have a Valid Work Permit or Valid Passport
  6. Self-Employed to have their Income Tax Assessment, ACRA, or Vocational License

What is the Maximum Amount of Loan that i can take out?

Secured Loans:

  • No Restriction to any amounts

Unsecured Loans:

  • If your annual income is less than S$20,000 : Up to of S$3,000
  • If your annual income is S$20,000 or more but below S$30,000 : Up to 2X of your monthly income
  • If your annual income is S$30,000 or more but below S$120,000 : Up to 4X of your monthly income
  • If your annual income exceeds S$120,000 : Any amount that you need

Upon Approval of my Loan Application can i still reject it?

YES, you should not be coerced or pressured to take out any loans if it is not what you are looking for in terms of any deplorable clauses or even personal reasons.

What should i do after my loan approval is successful?

  • Double check on the loaned amount to ensure that it is the correct amount
  • Make prompt repayments to avoid any late payment fees or interests imposed
  • Each time after a repayment is being made, ensure that you are being issued a dated and signed receipt if it is made in cash.
  • Check on your name, amount, date, on the correctness of every detail
  • Double check that you are being issued a statement of account for all loans at least every 6 months
  • Retain and file up all physical copy of proofs as documentation and evidence of payments.

* QV Credit reserves the rights to amend any of the Terms & Conditions without any Prior Notice.