Credit Xtra publishes a prevailing rate cap and a fee ceiling rather than a rate for your profile, and PickMeALoan’s directory shows a different starting figure. What you pay, and how much cash you receive after the admin fee, only appears in a written offer.
Because Credit Xtra participates in PickMeALoan, one application can request its offer alongside other participating licensed lenders. Compare personal loan options through PickMeALoan, then compare the same amount and repayment period for cash received, fees, instalments and total repayment. PickMeALoan is a commercial comparison and application platform, not the lender, and offers remain subject to each lender’s assessment.
What interest rate and fees does Credit Xtra charge?
Credit Xtra’s homepage states that its prevailing loan interest rate is up to 4% per month, with an upfront admin fee of no more than 10%, when checked on 10 September 2026. It does not publish rate tiers, so your rate depends on your income, credit profile and loan amount.
What Credit Xtra publishes about cost
Personal-loan rate
Up to4%/ month
- Homepage
- Up to 4% per month, its prevailing rate on the homepage checked 10 September 2026
- PickMeALoan directory
- From 3.00% per month in PickMeALoan's licensed-lender directory on the same date; ask which applies to you
Fees
Up to10%admin fee
- Admin fee
- No more than 10%, charged upfront, according to the homepage
- Late fee
- S$60, as recorded in earlier research
- SME micro loans
Separate product: Business and micro-loan terms depend on the business assessment
How to compare: Only against other business offers; personal-loan figures do not apply
- Total cost
Legal limit: Interest, late interest and fees together cannot exceed the loan principal
Ask for: Rate, EIR, fee deduction, instalments and total repayment
Credit Xtra's homepage figure and PickMeALoan's displayed starting rate differ, and neither is a personal quote. Confirm the rate in your written offer.
The admin fee matters because it can reduce the cash you receive. Credit Xtra emphasises no hidden costs; confirm the fee, when it is deducted and the amount disbursed in your contract. The Ministry of Law borrower guide caps total interest, late interest and fees at the loan principal.
How does Credit Xtra compare with PickMeALoan’s other participating lenders?
Credit Xtra is one of five PickMeALoan participating lenders, with Best Licensed Moneylender, EZ Loan, SGP Credit and Singa Credit. Offers remain subject to each lender’s assessment.
Credit Xtra
ReviewedOn PickMeALoan
From3.00%/ month
Lender site says up to 4%
Best Licensed Moneylender
On PickMeALoan
From1.01%/ month
EZ Loan
On PickMeALoan
From0.82%/ month
Eligible applicants only
SGP Credit
On PickMeALoan
From3.92%/ month
Singa Credit
On PickMeALoan
From2.00%/ month
Lender site says as low as 1%
Advertised starting rates or published ranges, not quotes: each lender sets your rate, fees and approval after assessment. Participating lenders' figures were checked on 10 September 2026. Credit Xtra is listed first, then the others alphabetically.
Sources: PickMeALoan licensed-lender directory · Credit Xtra homepage · EZ Loan public page · Singa Credit homepage
One application. PickMeALoan is a commercial comparison platform, not a lender.
The rows use the public figures displayed in PickMeALoan’s licensed-lender directory when checked on 10 September 2026: Best Licensed Moneylender from 1.01% per month, Credit Xtra from 3.00% per month, SGP Credit from 3.92% per month and Singa Credit from 2.00% per month. EZ Loan’s figure of from 0.82% per month for eligible applicants comes from EZ Loan’s public page. These are advertised starting figures, not personal quotes or guaranteed approval. The Credit Xtra row also shows its homepage’s up-to-4% prevailing rate, because the two figures differ.
Read our reviews of Best Licensed Moneylender, EZ Loan, SGP Credit and Singa Credit, then compare personal loan options through PickMeALoan using the same amount and repayment period.
What are Credit Xtra’s strengths and limitations?
Strengths
- PickMeALoan participating lender, so its offer can be compared in one application
- Dedicated SME micro-loan product for small businesses and sole proprietors
- Online application portal to start before the branch visit
- Chinatown office near Chinatown MRT (Exit D)
- Borrowers describe clear explanations and no surprise fees
Limitations
- Opening hours are not published online; call before visiting
- Three loan categories, a narrower range than many lenders
- The basement office in People's Park Centre can be hard to find
- Review data comes from aggregator platforms rather than a Google Maps rating
Credit Xtra had about 200 positive reviews across platforms when recorded in May 2026, a thin sample compared with lenders that have thousands. Borrowers say staff explain terms thoroughly before signing, and several report approvals in under 10 minutes. Treat that as feedback, not a promise about your application.
What can you borrow from Credit Xtra, and who is eligible?
Credit Xtra focuses on a lean product range:
- Personal Loans
- Standard unsecured personal loans for various purposes
- SME Business Loans
- Working capital and business financing for small and medium enterprises
- SME Micro Loans
- Smaller-value loans specifically designed for micro businesses and sole proprietors
The SME micro loan is aimed at very small businesses such as a hawker stall, home business or freelance operation. It is priced on the business assessment, so compare it only with other business offers. Credit Xtra mainly serves Singapore citizens and PRs; foreigners should call to confirm eligibility.
For unsecured personal loans, the Ministry of Law borrower guide sets the total maximum amount you may borrow at any time across all licensed moneylenders in Singapore:
Unsecured borrowing caps across all licensed moneylenders
Singapore citizens and PRs
Annual income and total cap
- Less than S$10,000
- S$3,000
- At least S$10,000 and less than S$20,000
- S$3,000
- At least S$20,000
- Six times monthly income
Foreigners residing in Singapore
Annual income and total cap
- Less than S$10,000
- S$500
- At least S$10,000 and less than S$20,000
- S$3,000
- At least S$20,000
- Six times monthly income
These legal ceilings apply across all licensed moneylenders. They are not a guaranteed Credit Xtra amount or approval. See the Ministry of Law borrower guide.
How does the Credit Xtra application process work?
You can start on Credit Xtra’s online application portal, or request its offer through a PickMeALoan application. The Ministry of Law Registry requires face-to-face identity verification at an approved place of business before a loan is granted, so funds follow the branch visit.
From online application to People's Park Centre
Application
Start online through Credit Xtra's application portal, or request its offer through a PickMeALoan application.
Documents and hours
Call +65 6338 8829 to confirm hours, and bring your NRIC, income and address proof, plus business documents for an SME loan.
Branch verification
Complete face-to-face verification at #B1-69 People's Park Centre; borrowers have reported approvals in under 10 minutes, which is not a promise.
Credit Xtra does not publish opening hours, and the basement office can be hard to find. Allow extra time.
Who may find Credit Xtra useful?
Small business owners and sole proprietors
Credit Xtra's dedicated SME micro loan is designed for smaller businesses that may not qualify for traditional business loans.
Borrowers in the Chinatown and CBD area
People's Park Centre is directly accessible from Chinatown MRT, convenient for anyone working in or near the CBD.
First-time borrowers who value guidance
Staff are described as patient and thorough in explaining terms, which can make the process less intimidating.
Borrowers comparing several participating lenders
Its offer can be requested in the same PickMeALoan application as the other participating lenders.
Where is Credit Xtra and what should you confirm?
Credit Xtra
Chinatown- Nearest MRT
- Chinatown MRT (Exit D)
- Phone
- +65 6338 8829
- Website
- www.creditxtra.com.sg
- Licence
- 95/2025
- Recorded rating
- 5.0 / 5 from 337 reviews
Credit Xtra is at 101 Upper Cross Street, #B1-69, People’s Park Centre, Singapore 058357, on the basement level. From Chinatown MRT (NE4/DT19), take Exit D towards Upper Cross Street; People’s Park Centre is at the junction of Upper Cross Street and Eu Tong Sen Street. The basement can be a maze, so ask security or shop staff for directions.
Opening hours are not published, so call +65 6338 8829 before visiting. For other lenders nearby, see the licensed moneylenders directory.
What should you check before accepting a Credit Xtra offer?
Five checks for a Credit Xtra offer
- Verify Credit Xtra's current licence (95/2025 when last recorded, UEN 200923548G) and #B1-69 People's Park Centre on the Ministry of Law list.
- Ask whether the from-3.00% starting rate or the up-to-4% prevailing rate applies to you, with the EIR in writing.
- Confirm the upfront admin fee, the cash you will receive, instalments and total repayment.
- For an SME or micro loan, request the separate business terms; personal-loan figures do not apply.
- Keep the Note of Contract and receipts, and do not disclose your Singpass password or pay an advance fee to an unsolicited contact.
Credit Xtra publishes its rate and fee ceilings but not a rate for your profile. Request its written offer and compare it with other participating lenders’ offers for the same amount and repayment period before you sign. If the repayment would leave too little for rent, food, utilities, transport or existing debts, pause and consider non-loan assistance or debt counselling first.
