Short Term Loan Singapore

What is a Short Term Loan?

A short term loan is a type of unsecured loan you can take when you need immediate cash flow for urgent personal or even business matters. As these loans are unsecured, it means there’s no need to put up collateral in order to get financing.

*Do note that since this loan does not involve putting up security, the interest rates charged will also be higher than secured loans.

These are similar to a personal loan. If you need a business loan, check this page for more information

Characteristics of Short Term Loans

Features and Benefits of Short Term Loans with QV Credit

QV Credit allows almost anybody to take up a short term loan. Whether you need it as working capital for your small business, personal investment, or a lump sum payment for bills, the cash is yours to use.

We have a very simple application process and minimum requirements, and these criteria are only to ensure that you are able to repay back the loan amount after.

One of the biggest pros is that unlike a bank, which will analyse your credit score, collateral, and other factors before considering your eligibility, legal and licensed moneylenders make it easy for you to qualify for the cash loan.

At QV Credit, we understand that emergencies can happen and sometimes the borrower will need cash fast to solve their personal and business problems. So if you require money fast, we got your back.

Apply for a Short Term Loan with QV Credit

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

Apply for a Personal Loan with QV Credit

Fast Application

Our loan application is easily available for everyone on our website. Click here to apply.

Highly responsive and helpful team

Our team will contact you regarding your application within a day, or even an hour depending on how urgent your situation is. They will ask more about your situation, inform you of the documents needed, and set an appointment date and time. Feel free to ask our friendly loan assistants any questions they might have and they will happily answer.

Instant Cash Upon Loan Agreement

When you come down to our office, you will meet with the loan assistant with all your documents. They will explain to you all the terms and conditions of the loan agreement, including working out a suitable repayment plan for you. Once you have read and understood everything and signed the loan agreement, you will get your cash immediately. It’s that easy!

Flexible Repayment Schedules

Our loan assistants will look at your documents and income levels to determine what is a comfortable repayment plan for you. We want you to be able to repay the loan with ease, and as such can tailor your package in a way that makes repayment comfortable for you.

What Are The Benefits Of Taking A Short Term Loan In Singapore?

Lesser interest paid over time: The longer you owe money, the longer you’re subject to interest. But with a short term loan, you’ll be paying everything back quicker. Even if the interest rate is actually higher than with a long-term loan, you can save money in the long run.

Predictable cash flow: It can be difficult to anticipate your financing needs in the distant future. Being stuck in a long term loan means you’ll still be responsible for payments far into the future, regardless of what your financing needs are.

More accessible: These loans ensure that financing is accessible even to small time businesses and individual borrowers with poor (or no) credit rating who don’t qualify for bank loans.

Flexible payments: Short-term loans are usually designed to better cater to your needs in terms of the loan amounts, repayment and interest rates. Applying for a short-term loan thus gives you more flexibility.

Eligibility Requirements for Short Term Loan in Singapore

Just because a short term loan has few conditions for eligibility, that does not mean there are no criteria. There are still some documents and proof you will have to show in order to qualify for a loan:

Short Term Loan Requirements

  • Proof of Citizenship or Permanent Residency in Singapore: This short term loan is for citizens or permanent residents of Singapore. Foreigners should click here.
  • Proof of Employment: You need to provide your employment contract, which should have your salary clearly written out. This will help us assess your income, other expenses, and debt servicing ratio. This way, we can calculate the amount that you qualify for and the repayment plan that is ideal for you.
  • Bankruptcy: If you have filed for bankruptcy in the past, you can still qualify for a loan with us by submitting your letter of discharge. Most banks will require a formerly bankrupt person to wait as many as five to seven years before extending credit. We do not discriminate, we go ahead and help you out now. You should not, however, be bankrupt at the moment. Undischarged bankruptcy is not eligible either.

The only time that QV Credit will not extend credit to an individual is when they are already overextended and have exceeded their capacity to borrow.

You will have to show all the necessary documents and proof for eligibility in order for the loan to be approved.

Apply for a Short Term Loan 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!

Money Loans Offered 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!

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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