Apply for a Personal Loan with QV Credit
Get An Instant In-Principle Approval And Collect Your Money On The Spot!
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.
Let’s face it, owning a car in Singapore is expensive.
Unless you’ve been seriously saving up for a car, most of us don’t have a hundred grand rolled up in our bank, waiting to be spent. We’re here to change that.
- Flexible repayment plans
Choose from a variety of repayment plans that meet your financial needs
- Easy payments to enjoy your car
Enjoy small, convenient payments through various payment channels available
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.
Money might not make you happy. Maybe. But lack of money can overturn your life.
And a QV Credit, we believe everyone deserves to make their dreams come true, or at least prevent nightmares. So whether it’s a blissful marriage or getting rid of a massive debt burden, let us help you.
- Instant cash, instant approval
Once your loan is approved, we’ll disburse the cash within 20 min
- Lower interest rates, lesser stress
Repay only a fixed amount every month with our low interest rate repayment plans
- Customisable loan 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
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.
Never be denied medical care because of insufficient money. We take care of your finances so you can take care of your health and your loved ones.
Just as you are there for your loved ones, we are here for you.
- Maximum coverage for your medical bills
Be it cosmetic, dental, hospital surgery or medicine, we got you covered for all
- Experienced loan officers
Our officers will guide you step-by-step on the best medical loan package
- One easy monthly instalment
Never stress about managing multiple balances and bills again. Just focus on recovery
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 a personal loan?
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 Personal 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||Income Documents|
How to Apply for Personal Loan - The Process
1. How to begin – how much do I need?
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.
2. 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.
3. Loan Appointment
Submit your documents at our office, sign the loan agreement and get instant cash into your account. Cheque or cash, your choice!
In Singapore, you’ll need to be at least 21 years old to qualify for a personal loan.
Most banks also require a minimum annual income of at least S$30,000 to take out a personal loan. But this can be restrictive to people who don’t meet this criterion.
Licensed money lenders aren’t subject to those MAS regulations, so this is your next best alternative.
Adding on to the section above, the minimum salary required also varies depending on your nationality.
Singaporeans and PRs only require a minimum annual income of at least S$10,000 and above.
Foreigners will require a valid work pass, and 3 months’ pay slips to show annual income of at least $20,000
There are two main reasons why you may need a personal loan. Most borrowers either need cash or want to repay a debt. Here are some use cases and an explanation of how they work.
1. You need cash
This is the most common need when an emergency arises. What happens when you apply for a personal loan is that the money (cash) is deposited directly into your bank account and can be used for whatever purpose you wish.
Whether it’s planning for a wedding, a vacation, settling medical bills or anything, we’ve got you covered.
*Note: If your intention is for a home or renovation, we advise that you take a home loan or renovation loan instead.
2. You need to settle a debt
For those slapped with high interest rate debts, such as credit card loans, taking out a personal loan with a lower interest rate may be a good option.
After you pay off the debt burden, you’ll have less weight on your shoulders.