QV Credit Payday Loans in Singapore

QV Credit Payday Loans in Singapore

If you are strapped for cash before your next payday, you might be in need of some extra money fast. With monthly bills, children’s school fees, utilities, and all other costs of living in this expensive city, taking loans is quite common. Furthermore, payday doesn’t always come when we need it to cover our expenses, and that is where a payday loan from QV Credit, legal and licensed money lender comes in handy! However, many people in Singapore are unaware of what a payday loan is, and how it can benefit them. Here, we will explain what a payday loan is, and how a cash advance like this can help you if payday is too far away for your expenses.

What Are Payday Loans in Singapore?

In simple terms, payday loans are loans you get from moneylenders when you run into a financial emergency and have not reached your monthly payday to cover the expenses. It is a short-term instant cash loan that allows you to make payment for expenditures you otherwise cannot cover. For example, you might need some money to pay for your child’s school fees but payday is still a few weeks away. Instead of sacrificing your other monthly expenses, you can take out a payday loan and make the repayment the following month. Payday loans are designed to be smaller amounts that are easily repaid.

Many people are suspicious of taking out loans as illegal moneylenders have left a sour taste in their mouths. However, if you take payday loans from a legal and licensed moneylender, you can be assured of honesty and affordable interest rates.

Therefore, if your payday is nowhere near and you find yourself in a financial emergency, a payday loan can be a great alternative cash advance to solve your issues!

When Will I Need a Payday Loan?

If you are an employed individual in a difficult financial situation and need some extra cash to cover urgent expenses, then this is the loan type for you! You might need some quick cash, or have a bad credit score and hence need some cash advance. Taking out a payday loan with QV Credit will help tide you over the difficult month. You should be able to settle monthly bills with this additional cash. As these are short-term loans, they should be easily repayable within the next payday.

Payday loans are beneficial as a rescue in difficult financial times, and a means of adding on to your salary if it is not enough to cover costs. After you add up all the costs of living — housing, utility bills and day-to-day living, it can add up to a lot of money. Furthermore, if you have a family, school fees and allowance needs to be factored in as well. All these monthly bills may be too much to cope within your payday schedule, and hence a cash advance through payday loans to supplement your income can be of huge help!

However, do take note that if you need a large amount of cash that is far beyond your income earning, then you should not take on a payday loan. As it is a short-term, unsecured cash advance, you will need to make repayment when your next payday comes. If you are unable to fulfill that requirement, then you should not take on a payday loan. These loans need to be paid back within the next payday, so make sure the loans are of a small, repayable amount.

If you take out loans that go above the needed amount, you might be tempted to spend the extra money.  That is why when applying for loans, you know exactly how much you really need. Our loans assistant will help advise you on the amount to borrow, so you can comfortably repay your loans without incurring extra debts! 

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How Do I Qualify for a Payday Loan in Singapore?

To qualify for a payday loan from QV Credit and any other licensed moneylender, you will need to meet some basic requirements. You have to provide proof of your employment status and be above 21 years old. You must also be a Singapore citizen or possess a legal work permit for Singapore.

Read on to find out the exact documents that will be needed when taking out payday loans with us!

Why Should I Take Payday Loans with QV Credit?

We also pride ourselves on putting our clients first. We understand that your need for loans is out of desperation as you cannot control your payday. We also do not want you borrowing from family or friends, as finances can ruin relationships. Loans are meant to help you, not hinder. We also know that taking loans from unscrupulous lenders will incur high interest rates and inflexible repayment schemes, so it goes without saying that you do not take loans from such people! We are a licensed, legal moneylending business and hence are bound by and adhere to the rules of the Ministry of Law.

Hence, here at QV Credit, our aim is to help take away the stress and solve your problems. More than that, we have streamlined our payday loan process, from application to disbursement, to make it as swift and simple as possible!

All our loans have the following characteristics:

  • Easy and Quick Application: Our online application form is simple and to the point. You can find the form here. No need to download, scan and fax — just apply for a loan online and hit “Send”!
  • Instant disbursement of cash: We know how urgent the loans are. Therefore, we will give you the money in cash right after the payday loan is approved. You can get it less than 24 hours if needed!
  • Flexible repayment plans: Everyone has their own unique problems. There is no template for a repayment scheme. We tailor payday loans for each individual, and we work out a loans repayment plan that works for you. We do not want you to be stressed over finances even after the current problems are over.
  • Great Customer Service: We hold our clients as the number one priority. We will always put you first. Our loans assistants are extremely experienced in finance and are both friendly and helpful. They are available for queries or concerns, always.

How Do I Take Out a Payday Loan in Singapore?

QV Credit’s Payday Loan Package is made simple and quick and aimed at giving you the fast cash you need. Here is how it works and what you can expect to happen when taking a Payday Loan Singapore with us.

1. Apply for a Payday Loan Singapore online here.

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

Our loans assistant will ask some questions, find out more about your situation, and let you know the documents you will need to bring for an appointment at our office. You will set a date and time for the appointment with our loan assistant.

3. The mandatory documents needed will be:

  • Your latest bills. (E.g. Phone bills, Broadband or Cable TV bills, Utility bills)
  • NRIC or 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)

We do not ask for these documents in the online application as we know these are personal details that should not be shared via the Internet. QV Credit holds clients’ information with integrity, and we will keep your data safe.

4. You will meet our loans assistant at our office.

They will take your documents, and go through the loan agreement, including all terms and agreements and other fees. We will not keep any charges hidden, we are fully transparent with everything. They will also work out a loans repayment schedule that is comfortable for you.

5. Once you agree to the terms and conditions, are aware of all fees, and have a repayment schedule, you will sign the loan agreement.

After this, the loans assistant will give you the money in cash or via internet bank transfer to your account to your convenience.

If there are any special requirements you may have regarding your payday loan, we will be more than willing to accommodate you as much as we can. Drop us a call at +65 6835 7666 if you have any queries.

Worry no longer about payday being too far away! Our payday loans will help you through the financial emergency you’re going through. It is a simple and easy process that will get you emergency cash in no time.

Apply for your Payday Loan in Singapore with QV Credit now!

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

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    How to Locate QV Credit

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