At a Glance
What Borrowers Say About Credit Xtra
Credit Xtra has about 200 positive reviews across platforms. Borrowers say the staff explain loan terms thoroughly before signing and that there are no surprise fees. Several mention approvals in under 10 minutes, which is fast for a smaller operation.
The limited review count means we have less data to work with compared to lenders with thousands of reviews. The feedback is positive, but 200 reviews spread across platforms is a thin sample. We also could not find a Google Maps rating, so the review data comes from aggregator platforms rather than a single verifiable source.
Credit Xtra only offers three loan types (personal, SME business, and SME micro loans), which is a narrow range. But if you need an SME micro loan specifically, that is a niche product few moneylenders offer. Their Chinatown location is near MRT, though the office is in the basement of People’s Park Centre, which some borrowers say is hard to find. Their opening hours are not published online — call ahead before visiting.
Loan Products
Credit Xtra focuses on a lean product range:
The SME micro loan product is noteworthy because few licensed moneylenders cater specifically to the micro business segment. If you run a small hawker stall, home business, or freelance operation and need a small capital injection, Credit Xtra’s micro loan may be more appropriate than a general business loan.
Rates and Fees
All licensed moneylenders in Singapore are capped at 4% per month interest under Ministry of Law regulations. Credit Xtra charges up to 4% per month with a late payment fee of $60. Specific rate tiers are not published, so your actual rate will depend on your income, credit profile, and loan amount.
Credit Xtra also has an online application portal at onlineapplication.creditxtra.com.sg, which allows you to start the process digitally before visiting in person. Their emphasis on no hidden costs means the rate you are quoted should be the rate you pay, without unexpected add-ons.
Who Is Credit Xtra Best For?
Location and How to Get There
Credit Xtra is located at 101 Upper Cross Street, #B1-69, People’s Park Centre, Singapore 058357. The office is on the basement level (B1) of People’s Park Centre.
From Chinatown MRT (NE4/DT19), take Exit D towards Upper Cross Street. People’s Park Centre is the large commercial building at the intersection of Upper Cross Street and Eu Tong Sen Street. Enter the building and head to the basement level — unit #B1-69 is inside the complex. The basement can be a bit of a maze, so do not hesitate to ask security or shop staff for directions.
People’s Park Centre is also accessible by bus along Eu Tong Sen Street and New Bridge Road, with multiple bus stops within walking distance.
How to Apply
- Start online (optional) — Visit onlineapplication.creditxtra.com.sg to begin your application digitally
- Call to confirm hours — Since Credit Xtra does not publish opening hours, call +65 6338 8829 before visiting
- Visit in person — Head to People’s Park Centre #B1-69 with your NRIC, income proof, and proof of address
- Complete the application — The team will guide you through the process, with approvals typically in under 10 minutes
- Review and sign — Credit Xtra’s staff will explain all terms clearly before you commit
- Receive your funds — Disbursement after approval and verification
How Credit Xtra Compares
Rather than considering Credit Xtra on its own, line it up against other licensed lenders and banks. PickMeALoan needs just one application and returns personalised offers from multiple licensed lenders. Offers arrive in WhatsApp, matched by AI at any hour; we push lenders for their best possible rate (rate-match guarantee from 0.82% per month, 9.88% p.a.) and set up your appointment — you choose which to proceed with, with no lenders cold-calling you. The final rate, amount, and approval are subject to each lender’s verification.
Use PickMeALoan to compare rates instantly.
Other Lenders Worth Considering
If you’re exploring options beyond Credit Xtra, these reviews may help:
- 1-2 Lend — 5.0 stars in Chinatown, niche loan products with a competitive 3.5% admin fee
- Soon Seng Credit — 4.9 stars in Chinatown, 27 years in operation with published rates
- Singa Credit — 30+ years in Bugis, rates from 1%, open weekends
Useful Guides
- Compare Personal Loans in Singapore — Side-by-side comparison from banks and licensed lenders
- Borrow Money in Singapore — Complete guide to borrowing options
- Licensed Moneylenders Directory — Full directory of licensed lenders
Tips Before Visiting Credit Xtra
- Call ahead to confirm hours — Credit Xtra has not published their operating hours online. Save yourself a wasted trip by calling +65 6338 8829 first.
- Know that the office is in the basement — People’s Park Centre’s basement level can be confusing to navigate. Allow a few extra minutes to find unit #B1-69.
- Prepare your business documents if applying for an SME loan — If you are seeking a business or micro loan, bring your business registration, recent financial statements, and bank statements to speed up the assessment.
- Verify the licence before visiting — Check licence number 95/2025 on the Ministry of Law’s registry.
- Ask about the micro loan specifically — If you are a sole proprietor or run a very small business, ask about the SME micro loan product rather than the standard business loan, as terms may differ.