Personal Loan in Singapore

What is a Personal Loan?

Personal loans are loans that are applied and taken for personal use by qualifying people in Singapore. Global economic uncertainties hinder a country’s growth, which makes it harder for household owners to access easy personal loans. Banks become more stringent and it is especially difficult for people with poor credit scores to access credit. All these against a backdrop of increasing financial needs and rising prices make life stressful.

Personal loans in Singapore is a short-term means of financing urgent personal needs. They can be taken out from anyone, be it the lower income group or the higher income group of people. We will not be able to predict the future nor any mishaps that may happen. But sometimes, accidents such as unforeseen car repairs or hospital bills to be settled for your loved ones can arise, and it is in these situations that a personal loan can help you.

Customized packages

Everyone has their own unique needs. That's why our team will customise one that takes into account your problems, financial situation, and future

No Hidden Charges...

We explain every detail, term and condition. And we definitely don't have hidden processing fees

Complete privacy & Confidentiality

Your personal details are 100% safe in our secured database

Easy Online Loan Application

With our online loan application, getting a personal loan has never been easier

Instant Approval, Instant Cash

Once your loan is approved, we'll disburse the cash within the same day

Low Interest Rate Loans

Interest rate for as low as 1% per month if all conditions apply. Choose from our wide selection of loan repayment and flexible repayment options

Apply for Money with
QV Credit

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

Apply for a Personal Loan with QV Credit

Car Loans

Auto financing that powers your dream

With low monthly instalments and fixed loan repayments, you never have to put your dream on hold because of money.

Fast Cash Loans

Cash you can use for anything, any time

Get instant cash with our low-interest personal loan packages. Whatever your short-term financial need is, we promise to help tide you over.

Loans for Medical Bills

Medical loans that give peace of mind

Health comes first and we want to ensure both you and your loved ones receive the best treatments so that you can fully recover. Our medical loan packages got you covered.

Fees and charges
Interest Up to 3.92% per month
Administration Fee Up to 10% of loan amount approve
Early settlement fee There is no penalty fee for early settlement of a loan

How much can I borrow for Myself?

Banks and licensed money lenders in Singapore offer both secured and unsecured loans.

In general, secured loans have no cap amount, but require you to provide collateral.

Unsecured loans, on the other hand, don’t require collateral. But the amount you can borrow varies.

For unsecured personal loans of up to S$3,000, you must have an annual income of at least $10,000 to $20,000. For unsecured personal loans exceeding S$3,000, you must have an annual income of at least S$20,000.

And if you earn more than S$20,000, a licensed money lender can give you a loan of up to 6 times your monthly salary.

Eligibility and Documents for Individual Loans

For borrowers applying for a QV Credit Personal Loan in Singapore, applicants must be at least 21 years of age and above and have to be either, a Singapore Citizen or Permanent Citizen. Click here if you are a foreigner applying for a loan.

Identification Documents

  • Singapore Citizen / Permanent Resident
  • Copy of NRIC (front and back) OR a copy of Passport
  • Any of the following documents:
    • Latest Utility bills (electricity, water, refuse collection), rates or tax bills
    • Latest Bank or Credit Card statements (including e-statement)
    • Copy of Rental Agreements showing your address
    • Latest Mobile phone statements / pay TV statements
    • Letter from Employer stating current address

Income Documents

  • Income Documents
  • Copy of latest Income Tax Notice of Assessment (2 years for Self-employed) OR copy of latest 1 month computerised payslip from current employer OR copy of latest 12 month CPF Contribution Statement
  • Sale and purchase agreements
  • Vehicle registration card / Log card
  • Application for Hire Purchase
  • Please complete and sign this form

Process of Application

How to Apply for Personal Loan - The Process

Borrow just the right amount! Not too little that you’ll be short of cash again, but not too much so that you can keep your debt as light as possible for emergencies.

Preparing Your Documents

At QV Credit, we take extra steps to analyse your financial situation, just to ensure that your repayment plans will not overburden your income.

Loan Appointment

Submit your documents at our office, sign the loan agreement and get instant cash into your account. Bank transfer or cash, your choice!

Start Borrowing with QV Credit

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


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!

Finance Options in Singapore

We offer a range of different loan types based on your needs. It doesn’t matter if you have a bad credit history, or low-income, the best money lender for you is QV Credit!

How to find us

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We have moved!

QV Credit is now 118 Credit as of 14 January 2022

Please find the same information and friendly customer service team over at our new website.

Apply for a Personal Loan with QV Credit