Foreigner Loans Singapore
What is a Foreigner Loan?
A foreigner loan is a cash loan given to individuals who are not permanent residents or citizens in a country.
It’s a specialised personal loan for foreigners, that’s why there are different eligibility criteria and documents required.
Most importantly, QV Credit’s Foreigner Loan Singapore packages offer low interest rates and flexible loan repayment schedules.
Whether you’re an expat, or foreign worker, we have the most affordable loans to help keep you financially stable!
Apply for a Loan with QV Credit
Get An Instant In-Principle Approval And Collect Your Money On The Spot!
Why Borrow from QV Credit?
No Collateral Needed
Unlike banks, we don’t require you to pledge anything. We just want to make it easier for you to get the finances you need.
Super Quick & Easy Process
Getting cash is fast. Just fill out the loan application, prepare your documents and sign the papers!
Custom Packages with Flexibility
Our experienced loan assistants will tailor a loan package according to your needs. We’ll even work out a repayment schedule that’s comfortable for you!
Confidentiality & Data Protection
QV Credit operates with a strict code of ethics. Your personal details are completely safe with us.
Low Interest Rates
We know times are hard for you. So we keep our interest rates down so you can get the help you need most.
No Hidden Fees and Charges
Everything is transparent and made known to you. Every term, condition and fee. We pride ourselves in honest relationships with our clients.
What are your Finance options in Singapore?
It is near impossible for a foreigner to qualify for a bank loan in Singapore. They require a credit score, months of paperwork and you might not even get it in the end. That’ll just be a waste of time and added frustration!
That’s why you should turn to a legal and licensed moneylender such as QV Credit!
With us, applying for a foreigner in Singapore is easy. We understand your stress and we want to help you out in a quick, simple and honest way!
Requirements to Borrow Money
Foreign Loan Application Requirements
- You must have a valid Singapore Employment Pass , S Pass or work permit
- Age above 21 years old
- Full time employed personnel
That’s all you need!
Only 5 Steps with QV Credit
Wait for our team to contact you, this will be done within a day.
Schedule an appointment to come down to our office. Our friendly loan assistant will also tell you what documents you need to prepare.
These are the mandatory documents you will need to bring along for the loan appointment:
- A valid working permit issued
- A valid passport
- The last 3 months of your most recent payslip
- Proof of billing to your residential address (E.g. Utility bill, broadband bill, or mobile phone bill)
Come down to our office for your appointment.
First, we’ll ensure your documents are in order. Then we’ll go through all the terms, conditions and fees in the loan. Finally, we’ll also work out the best repayment plan for you that will not burden your finances.
Once you understand the loan terms and conditions you will sign the loan agreement.
The money will be given to you immediately once the loan agreement has been signed. It is that simple!
Start Now with QV Credit
Get An Instant In-Principle Approval And Collect Your Money On The Spot!
QV Credit’s Tips on Alternative Financing
Find A Reliable And Trustworthy Licensed Moneylender
You should always look for a licensed moneylender as they are regulated by the Ministry of Law.
Here at QV Credit, we are committed to trust and integrity, and are also legal and licensed lenders.Taking a loan should help not hinder you. If the lender tries to convince you to borrow a very large sum of money, do not take a loan with them
Understand The Purpose Of The Loan
Once you understand exactly what the loan is for, you can decide how much you need, how long you will take to pay back the loan money, and the package that suits you.
You should also be careful that this money should only be used for your most urgent issues, do not take the foreigner loan as fast cash.
Do Not Borrow Too Much
Chances are, if you have too much on hand, you’ll be tempted to spend the extra money on things that are unnecessary. This will harm your finances because you’ll have a much higher sum to repay.
So… only borrow what you need and what you can repay!
FAQ
Can a Non-Resident Borrow in SG?
For foreigners, taking a loan with the bank can be difficult. It’s typical that banks will refuse to lend to a foreigner, depending on your salary and employment permit/pass type.
Moreover, they have long application processes and strict approval requirements.
To avoid all that hassle, legal and licensed money lenders can help foreigners shortcut the process. Just prepare the relevant documents and we’ll disburse you the loan at favourable interest rates and with comfortable repayment terms.
How much can I borrow?
For secured loans in Singapore, foreigners can obtain loans of any amount. But not everyone has collateral and assets to pledge.
For unsecured loans, if your annual income is less than $10,000, you can borrow up to $500.
If you earn between $10,000 and $20,000 a year, you are eligible for loans up to $3,000.
And if you earn at least $20,000, we can issue you up to six times your monthly income.
What to Consider When Applying?
If you are committing yourself to any foreigner loan or personal loan, it’s important that payments are made on time. If not, you might incur late payment and late interest fees.
If you very urgently need the cash, our loans can be approved within minutes so you can settle your finances immediately!
What is the Applicable Interest Rate?
The interest rates depend on the lender and type of loan you choose. In general, the interest rates would be slightly higher than the rates given to Singaporeans and permanent residents.
For specific enquiries about interest rates for your case, give us a call and our friendly loan assistants will be happy to assist you!
Apply with QV Credit Today!
How to find us
- 175A Bencoolen Street #11-08 Burlington Square Singapore 189650
- Bus Services to Opposite Burlington Square 64 / 65 / 131 / 139 / 147 / 166 / 857
- Near Fortune Centre 56 / 980
- Downtown Line DT13 at Rochor MRT Station, Exit A one minute walk to Burlington Square
- From Novena MRT Station take Bus Services 56 / 131 / 166 / 980
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