QV Credit Foreigner Loans in Singapore

QV Credit Foreigner Loans in Singapore

Foreigner Loan for Expats, Maids/Domestic Helpers and Foreign Workers Singapore

As a foreigner working in Singapore, finances can be tough, especially given the high cost of living here. It can be extremely stressful when you do run into cash issues, and that can hinder your experience here in Singapore. Perhaps you have expenses that need to be paid, but your paycheck isn’t coming for a while more, especially if you are working on contract. 

It is difficult to borrow money from your family back in your home country, and you probably do not want to burden them.  Taking up foreigner loans in Singapore is a viable option for helping you tide over the tough times!

However, foreigners can face a lot of difficulties obtaining a loan, especially from banks, due to Red Tape. There is a long and tedious process to apply and get a loan approved, sometimes up to several months. Not only that, there is a high chance that the loan application is unsuccessful due to lack of collaterals.

But not to worry, there are moneylenders in Singapore who can provide you the loan money with quick approval times! QV Credit offers Foreigner Loans Singapore packages for foreigners who are in need of some extra cash. Whether you be an expatriate, a domestic helper or a foreign worker, we have the best loan products with flexible schedules, low-interest rates and quick disbursement of cash! Taking a foreigner loan in Singapore is not as difficult as you imagine!

What is a Foreigner Loan in Singapore?

A foreigner loan is a loan given to individuals who are not permanent residents or citizens in a country. It is special as it is a personal loan for foreigners, hence the eligibility criteria and documents required will be different from a regular personal loan. These loan packages will take into consideration the policies aligned with foreigners in Singapore to ensure no legal complications. QV Credit offers Foreigner Loan Singapore packages at low-interest rates and flexible loan repayment schedules.

Why Take a Loan with QV Credit?

It is near impossible for a foreigner to qualify for a bank loan in Singapore. Not only is the application process long, but the loan approval time is also even longer and most of the time, the loan is not approved as the applicant does not meet the strict criteria. It will just be a waste of time and source of added frustration trying to take a foreigner loan from the bank. Therefore, you should turn to legal and licensed moneylenders such as QV Credit to take up a personal loan for foreigners. We are committed to helping you have a good life in Singapore. It is already stressful enough being a foreigner, and we understand that you came to Singapore looking for better opportunities. Being in financial difficulty will only lead to even more stress. Therefore, we want to help you out, by providing a foreigner loan, in a quick, simple and honest way. It is easy to apply for a loan with us!

Under our Foreigner Loans, we also have a type of loan for Work Permit Holders Singapore. If you are looking for a Personal Loan for Work Permit Holders, you may also apply for our foreigner loan.

Here are some reasons why we are your choice for a foreigner loan:

  • Our Loans are Unsecured: Unlike banks, we do not look at your collateral as a criterion for taking out a loan. It is hence, much easier for you to get the much-needed financing with us.
  • Super Quick and Easy Process: We want you to get your cash fast, so we have made our application process extremely simple. Just fill in the online loan application form and our team will contact you within a day. Once you bring the needed documents down to our office for the scheduled appointment, the loan approval is very quick and you will get your money immediately!
  • Custom Packages with Flexibility: Our experienced loan assistants will tailor the loan package according to your needs, as well as work out a comfortable repayment schedule for you.
  • Ultimate Confidentiality and Protection of Data: QV Credit operates with a strict code of ethics. All personal details are under protection and security in our database.
  • Low-interest rates: We maintain competitive interest rates against other moneylenders in Singapore. We understand that low-interest rates are important in finding a loan, so we keep our rates down.

Apply Your Easy Foreigner Loan Now!

Get An Instant In-Principle Approval And Collect Your Money On The Spot!

Applying for a Foreigner Loan

Taking up a loan with QV Credit is an extremely quick process! No longer waiting times and rejected applications from the bank.

1. Apply for a loan through our online loan application form.

2. Wait for our team to contact you, this will happen within a day.

Set an appointment time for you to come down to our office. Our loan assistant will also tell you what documents you need to prepare.

3. These are the mandatory documents you will need to bring along for the loan appointment:

  • Applicants MUST be at least 21 years of age and above
  • A valid working permit issued
  • A valid passport
  • A valid letter of employment
  • The last 3 months of your most recent payslip
  • A proof of billing to your residential address (E.g. Utility bill, broadband bill, or mobile phone bill)

4. Come down to our office for your appointment.

You will meet your loan assistant, who will take your documents and ensure they are in order. They will explain all the terms, conditions and fees in the loan. There will be no hidden charges or surprises, everything is laid out in the clear for you. The loan assistant will also work out a suitable repayment schedule for you that will not heavily burden your finances.

5. 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!

QV Credit’s Tips on Taking a Foreigner Loan Singapore

01  Find a Reliable and Trustworthy Licensed Moneylender

Of course, the number one tip is to find a reliable moneylender. There are many illegal scams out there that will promise you fast cash and no interest rates. Do not fall for those scams. You should always look for a licensed moneylender as they are bound to the rules of the Act of Moneylenders Singapore. Here at QV Credit, we are committed to trust and integrity, and are also legal and licensed. We have your best interests at heart and will always be fully transparent with you. 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.

02  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.

03  Do Not Borrow a Large Sum of Money

Chances are, you’ll be tempted to spend the extra money on other things that are not necessary. This will harm your finances in the future as you will have a much higher sum to repay. Hence, only take a loan that you are sure you can repay.

Singapore is a wonderful place full of great career opportunities, and finances should not stop you from living your best life here. QV Credit is a licensed money lender committed to ensuring you have fruitful experience and life here, and our loan products are designed just for that! Apply for a loan with us here.

Give us a call today at +65 6100 8655 to speak with our loan assistants if you need more information!

Apply for a Foreigner Loan Singapore Today with QV Credit!

Get An Instant In-Principle Approval And Collect Your Money On The Spot!

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For other loan enquiries, please email us.

How to Locate QV Credit

  • 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
  • If from Novena MRT Station take Bus Services 56 / 131 / 166 / 980
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